New Insurance Product Covers Delays and Temperature Loss for Sensitive Cargo
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Solent Freight Services, Tag-N-Trac, and Otonomi have jointly launched TRACinSURED, a subscription-based service that integrates real-time shipment monitoring with insurance coverage designed for temperature-sensitive and time-critical cargo. The product addresses a critical gap in supply chain risk management for forwarders handling flowers, pharmaceuticals, and similar perishables by offering fixed payouts for qualifying delays alongside coverage for temperature-related losses.
This bundled approach simplifies procurement and claims processes for freight forwarders managing high-value, time-sensitive shipments. The solution reflects growing demand for integrated risk solutions that combine visibility with financial protection, particularly on key trade routes like Ecuador to international markets where logistics delays and temperature excursions pose significant commercial risk.
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