TT Club Provides Insurance Cover for Russian Forwarder among First to Use ‘Uber-style’ Business Model


  • Date: 14/08/2017
TT Club Provides Insurance Cover for Russian Forwarder among First to Use ‘Uber-style’ Business Model

The Russian start-up freight forwarder, Deliver (www.deliver.ru) is an innovative online cargo transport operation that is among the first in the country to implement an ‘Uber-style’ mode of service.  Through its network Deliver aims to achieve greater convenience for its customers and efficiency for a carrier resource base of more than 59,000 drivers.

Such a high volume of sub-contracted transport arrangements, which will require swift and seamless contractual agreements, requires specialist and comprehensive insurance cover.  TT Club, a recognised leader in the field of insurance of international transport and logistics operations, with the assistance of its Russian partner Panditrans, has committed to provide coverage and its range of risk management services to the young and fast-growing operator.
 
The insurer’s contract with Deliver took effect from 1 June 2017, with the aspiration on both sides of a long term relationship.  Through its advice on contractual clauses and trading conditions as well as a thorough understanding of the liabilities involved in hiring the volume of sub-contractors for this Uber-style freight service, TT Club gives Deliver the freedom to hone the efficiency of its service.  The vast experience of TT Club and Panditrans in the Russian market also provides swift and professional claims service and support.
 
In addition to assuring the freight forwarder of protection from risk and unsubstantiated claims, allowing the company to attract customers and implement its plans for future development, TT Club also provides insurance guarantees to Deliver which strengthens its reputation with all stakeholders, including the authorities.
 
TT Club was one of the originators of the insurance for freight forwarders and cargo transport operators in Russia.  Through its partner Panditrans it has provided the necessary advice, support and assurance to operators for over more than a quarter of a century, enabling them to develop efficient transport and logistics services, in what has often been a challenging regulatory and commercial environment.  In many cases, at the request of the insured, TT Club also conducts seminars for managers and operatives on relevant risk management topics in the field of cargo transportation, as well as reviews of contracts to assess and understand what liabilities are accepted as a result of such agreements.
 

Through Transport Mutual Insurance Association Limited and TT Club Mutual Insurance Limited, trading as the TT Club. TT Club Mutual Insurance Limited, registered in the UK (Company number: 02657093) is authorised by the Prudential Regulation Authority and regulated in the UK by the Financial Conduct Authority and Prudential Regulation Authority. In Hong Kong, TT Club Mutual Insurance Limited is authorised and regulated by the Hong Kong Insurance Authority, in Singapore by the Monetary Authority of Singapore and in Australia by the Australian Prudential Regulation Authority. In the United States, TT Club Mutual Insurance Limited is approved as a surplus lines insurer in all states and is accessible through properly licensed surplus lines brokers. The registered offices are: 90 Fenchurch Street, London, EC3M 4ST.

Through Transport Mutual Insurance Association Limited, registered in Bermuda (Company number: 1750) is authorised and regulated in Bermuda by the Bermuda Monetary Authority and is authorised in the UK by the Prudential Regulation Authority and regulated in the UK by the Financial Conduct Authority and Prudential Regulation Authority.

The UK VAT Identification number for Through Transport Mutual Insurance Association Limited is: GB 564 5244 35 and for TT Club Mutual Insurance Limited is: GB 564 3375 30. The Italian VAT Identification number for TT Club Mutual Ltd is: 03627210101.