Logistics claims & insurance settlement

Logistics claims in insurance

A challenging problem for any logistics company is when their trucks get involved in an accident or one of their transit cargo gets stolen or damaged. If not monitored properly, subsequent logistics claims and insurance management becomes complicated due to paperwork and legal hurdles and results in unexpected financial losses. 

As part of its logistics management solutions, Ripples-FMS offers extensive freight management claims and insurance software for logistics and transportation companies. Supported by advanced monitoring technologies, the module has well-defined procedures to track and record accidents, thefts, vehicle damages, warehouse inventory, abuse, pilferages, cargo insurance, storage environment, etc. 

Logistics claims in insurance settlement

Logistics Insurance Claims

  • Reduce complexity and staff efforts in insurance processing
  • Time Savings through automated insurance & claims process
  • Increased efficiency through accurate insurance planning and execution of tasks
  • Avoids improper handling of freight claims & reduce human errors

Coordination & Communication

  • Timely communication & coordination with insurance providers
  • Complete mapping of policy-related details
  • Streamline and hassle-free logistics claims process
  • Easily communicate the current status of insurance approval
Logistics Insurance Claims management

Challenges Faced

In case of a damaged freight and lost or stolen cargo, logistics and trucking companies involved will most likely be held liable for the loss and have to pay huge compensation to logistic customers. Standard practices like analyzing different claim related incidents and deriving a safety plan may not be followed. Handling freight claims with manual or legacy software systems requires time and effort and most often logistics companies fail to submit claims and brought claims to resolution in a timely manner. Smooth collaboration with insurance partners with respect to real-time information and document sharing is also a big challenge for logistics firms. 

Ripples-FMS logistics claims and insurance software analyzes incidents, alerts meaningful insights and ensures claims are properly filed and processed without any holdups. The system effectively tracks insurance claims status and ensures effective integration with insurance partners.

Logistics claims & insurance settlement

logistics claims, insurance settlement software - Ripples-FMS
  • Reporting and deep analysis of claim related incidents
    Claims settlement management & review
  • Insurance data configuration
    Integration with insurance providers
  • Notifications on insurance expiry & status alerts of day-to-day claims
  • Scanning and attaching of insurance documents
  • Comprehensive claims & insurance reports
    Sensors for cargo tracking & theft monitoring
  • Export data in formats as required by insurance parties
Industry advances with logistics claims settlement solution

Logistics software modules - insurance claimsFor efficient logistics claims and insurance settlement during tough times, it is imperative for logistics and fleet management companies to be well equipped with an online claims & insurance management system. The freight management insurance & claims module in the Ripples-FMS logistics software solution offers powerful features to improve the speed and efficiency of insurance & claims management. Apart from capturing claims related incidents, the module allows authorized users to collaborate easily, in real-time, to build and process logistic insurance claims. The module initiates standardized claims handling across branches and is well connected with finance department operations..

Now manage all your logistics claims & insurance settlement procedures in a systematic and efficient manner.  Save money by monitoring your fleet 24*7 with our robust solutions. 

Reach out to us for more details and expert opinion now!!!

Subscribe to our Newsletter!!