Usage Based Insurance

Small to medium sized companies have no desire to invest in expensive annual insurance policies that cover high value shipments and/or Mexican and international shipments. Large companies who are self insured with high deductibles hate forking over large sums of cash to pay for claims. Borderless Coverage’s Shipper’s Interest Usage-Based Cargo Insurance program or what the industry now calls “UBI” gives Logistics Service Providers and Shippers the ability to obtain All-Risk full or partial value coverage on their when they need it. Coverage can be obtained on a per load, project, or client-specific basis.

Buy cargo insurance only when you need it.

Benefits of implementing the Borderless Coverage UBI program:

  • Flexibility to obtain coveage on a per load, project, or client-specific basis.
  • Can cover the cargo from the moment of pickup until final delivery eliminating discrepancies at border during transloading process.
  • Enables Logistics Service Providers to obtain cost effective Excess (also called High Value or Spike) Insurance on high value or theft prone commodities that Operational Sales teams will typically shy away from, which can yield higher margins.
  • Low deductibles. – Cost is a faction of the load value.
  • Gold standard for International and Mexican cargo risk management.

At Borderless Coverage, we build flexible insurance programs for our clients that operate both domestically and internationally.

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