NTI Ltd, Australia’s specialist transport and logistics insurer, have signed a new partnership with TruckIt.net, Australia’s leading freight marketplace to launch direct Single Transit Insurance.
The partnership allows TruckIt.net users an extra layer of confidence when moving their goods by offering the user an option to take out affordable Single Transit Insurance on qualifying jobs booked through the platform.
TruckIt.net Founder and Managing Director Robert Russell said the partnership is the first of its kind in Australia and reinforces both TruckIt and NTI’s industry leadership.
“Our customers have made it clear they want the additional confidence provided by insurance that covers their materials while on the road.
“We listened and went about finding the best possible partner we could. Our users will now have a seamless, fully-integrated option to insure their goods while in transit.
“NTI has gone above and beyond to ensure our customers have access to the best insurance coverage at the most affordable price and we look forward to growing the relationship in the future,” he said.
NTI General Manager Direct, Alan Hasted said the company was proud to partner with TruckIt.net to launch its first foray into the road freight marketplace industry.
“TruckIt has spent many years building a solid platform and loyal following from both users and transport providers, and we couldn’t want a more trusted partner as we expand our portfolio of goods in transit offerings.
“We have an opportunity with TruckIt to tap into a largely untapped section of the market: individuals who purchase good through online marketplaces or micro/small businesses shipping to consumers. Currently, these groups don’t insure because they don’t know they need to – instead relying on the carrier or a warranty to protect their interests.”
There are over 700 million parcels and 50 million general freight transits occurring in Australia. NTI estimates that 25 million of these transits are contestable freight opportunities.
Click here to find out more about the NTI/TruckIt partnership and Single Transit Insurance.