UPS Capital Offers Single-Shipment Coverage Online
06 Novembre 2019 - 4:30PM
UPS Capital®, a subsidiary of UPS® (NYSE:UPS), today announced the
launch of its online single-shipment coverage which gives
businesses immediate access to transactional insurance – regardless
of the shipping mode or carrier.
UPS Capital CargoEdge® single-shipment coverage supports an
enhanced customer experience by providing insurance coverage
through a fast and secure process. Customers can request and
receive insurance coverage on shipments in a matter of minutes –
all online.
“As more companies rely on digital transactions to keep pace
with business demands, it was important for us to respond with
flexible, innovative shipping coverage,” said UPS Capital President
Mark Robinson. “It puts speed, control and choice in the customer’s
hands, where it should be.”
According to a study of U.S. businesses, 92% of shippers
experience some type of loss, damage or delay that impacts 10-15%
of their annual shipments. While many shippers elect protection
through the carrier’s liability, they may be missing the value of
real shipping insurance. Now, customers can enjoy the benefits of
protection with turn-key, single-shipment coverage in as little as
5
minutes.
Coverage is ideal for:
- Single shipments including less than truckload (LTL), truckload
(TL), ocean and air freight
- Items that may not be covered under an existing policy
- Shipments that may exceed existing policy limits
“Everything we’re doing now is about choice and convenience,”
Robinson said. “We’re giving customers the option to choose the
coverage they need for their shipments with ease and flexibility –
whenever it suits them.”
Coverage highlights include:
- Protection for new or used goods with small package shipments
valued up to $70,000* and freight shipments valued up to $1
million*
- Reimbursement in the event of loss or damage, including
concealed damage coverage up to 30 days after delivery
- Coverage for all carriers, all modes
- Claims valuation up to 100% of the invoice value plus
freight
- Dedicated claims support with fast claims resolution
UPS Capital also offers a suite of shipping insurance APIs that
businesses can integrate into their existing systems. As UPS
Capital continues to innovate superior insurance coverage through
digital connectivity, customers enjoy greater flexibility with
coverage, when and where they need it.
To learn more about CargoEdge® single-shipment coverage, visit
https://upscapital.com/insureshipment
* Limits above $50,000 are available with additional
underwriting review.
About UPS Capital
Nobody understands transportation and logistics like UPS. And
while you’ve probably never thought of a UPS (NYSE: UPS) company
for financing and insurance services, the global supply chain
expertise of UPS Capital uniquely positions us to help protect
companies from risk and leverage cash in their supply chains. UPS
Capital and its affiliates have offices throughout the United
States, as well as operations in Asia, Europe and Latin America.
For more information, visit https://upscapital.com.
Kristin DeBates
404-828-4032
kdebates@ups.com
United Parcel Service (NYSE:UPS)
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