On February 16, 2023, Echo Global Logistics, Inc. one of the leading technology-enabled transportation and supply chain management service provider introduced a new integrated, full-coverage cargo insurance product, EchoInsure+ exclusively for Echo clients. EchoInsure+’s partnership with Flavey, an insurance group, will enable best-in-class protection for their LTL shipments EchoShip, the company’s proprietary online shipping platform, as well as Echo representatives for clients.
EchoInsure+ key benefits include fast claim payments in 10 days, upto $10,000 there will be zero deductions, a broad protection plan which includes very few exclusions, and full coverage of the value and not limited by specific carrier liability. Shippers’ risk assuming financial responsibility beyond carrier-set limits, facing potential exclusions for loss and damage due to external factors or acts of God, and waiting up to 120 days for claims resolution without using EchoInsure+. With new integrated and full-coverage cargo insurance product, Echo simplifies the process for booking supplemental cargo insurance at the time of load booking, increasing efficiency and, if necessary, providing clients with a more streamlined claims process and quicker resolutions.
Chief Executive Officer at Echo, Doug Waggoner, said, "We're very excited to now offer full value shipment insurance for our clients." EchoInsure+ provides the protection our clients deserve at an affordable cost, saving them from financial loss or lengthy claims processes."
(Source: Cision PR Newswire)
About Echo Global Logistics, Inc.
Based in Chicago, Illinois, Echo Global Logistics, Inc. is one of the leading providers of technology-enabled transportation and supply chain management services. The company offers freight brokerage and Managed Transportation solutions for truckload, partial truckload. LTL, intermodal and expedited. It maintains a proprietary web-based technology platform that compiles and analyses data from its network of over 50,000 transportation providers in order to serve 35,000 clients from a variety of industries and optimize the critical tasks involved in transportation management.