Specialist freight transport and logistics insurer TT Club has launched an online service providing swift, extensive cargo cover for freight forwarders and logistics operators globally.
5th April, 2011
After extensive trialling of the system over the last twelve-months, TT Club has honed the process of application for, through to confirmed provision of, cargo cover specifically addressing the practical needs of the freight forwarder and logistics operator. The product, known as TT Club Forwarders, is one of few now available globally and will benefit from the insurance mutual’s extensive international underwriting and claims service.
Graham Hooper, TT Club’s Senior Underwriter leading the initiative emphasised the importance of crafting the new online service to ensure secure cover for a group of freight companies trading under very particular market conditions. “Freight forwarders and other intermediaries must often react quickly to the demands of their customers. These involve moves of diverse commodities in differing volumes via varied modes across all geographies. The complex and unpredictable nature of these demands has in the past often made securing comprehensive insurance cover difficult,” explained Hooper. “In designing TT Club Forwarders we have been very much aware of the need to simplify the process of accepting a given risk in these circumstances.”
TT Club Forwarders allows brokers to apply on behalf of their client for access to the system and once registration has been completed – this can be achieved in a matter of minutes – the forwarder will have the ability to request cover for a specific move online. TT Club encourages those interested to apply for access to the system via their insurance broker.
The great advantage from the forwarders perspective is that following completion of the registration process they obtain access to instant cargo insurance quotes, attachment of cover & document production. The system is also supported by an integrated accounts package and a worldwide claims service.
TT Club has over forty years of experience dedicated to insuring the international freight transport sector. It insures over 70% of the world’s cargo container fleet; has 800+ Members in 150 countries, many of them forwarders with liability insurance provided by the Club; insures over 2,000 cargo terminal and logistics operations and has offices in 20 worldwide locations. This level of specialisation and experience has created a vast knowledge of the sector and an effective claims handling service, all of which will be available to customers of the TT Club Forwarders.
Hooper concludes by laying stress on the continuous enhancement to which TT Club is committed. “We have been most careful in testing this product and perfecting the online process. The offer has already been taken-up on a significant scale and we are continually assessing feedback from our Members. Our intention is to make improvements where necessary on an on-going basis.”
ENDS
Notes to Editors
Online demonstrations of the TT Club Forwarders system are available at Multimodal 2011 Stand #605 at the NEC Birmingham from 5th to 7th April.
The TT Club is the international transport and logistics industry’s leading provider of insurance and related risk management services. Established in 1968, the Club’s membership comprises ship operators, ports and terminals, road, rail and airfreight operators, logistics companies and container lessors. As a mutual insurer, the Club exists to provide its policyholders with benefits, which include specialist underwriting expertise, a world-wide office network providing claims management services, and first class risk management and loss prevention advice.