April 13 - 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.
After extensive trials of the system, TT Club says 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 - the forwarder will have the ability to request cover for a specific move online. TT Club is encouraging 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.
Hooper concludes: "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."