In full transparency, the following was submitted to SOURCE media via is business wire service. (stock photo)
FRAMINGHAM – Trux™, a heavy construction logistics platform that connects trucking companies, contractors, brokers, and material producers to the nation’s largest dump truck marketplace, announced this week, a collaboration with Boston-based REIN.
REIN offers a revolutionary embedded insurance platform with access to the world’s best insurers’ services and digital programs. This collaboration was designed to provide a simplified insurance onboarding and renewal program for dump truck drivers.
The Trux Marketplace currently serves over 28,000 insured dump truck drivers. Insurance is an essential part of any hauler’s operations, but it can be complicated, costly, and confusing. Trux and REIN saw an opportunity to make the process of initial account setup and insurance renewal even easier, providing independent owners and fleets access to top-tier insurance.
“At REIN, our goal is to make comprehensive and relevant coverage options more easily accessible to customers where and when they need it,” said Steve Rabbitt, CEO & Co-Founder at REIN, “Trux’s one-of-a-kind platform helps empower haulers with easy access to jobs. We are beyond thrilled to create the first integrated insurance program that matches Trux’s unwavering commitment to providing unmatched services to the hauling industry”
Outside of the Trux Marketplace, haulers looking for work with a local construction company or material producer face extensive paperwork and a process that can take weeks. The increased efficiency that Trux and REIN provide connects haulers with additional work in minutes and prevents downtime when it comes time for insurance renewals.
This collaboration will protect Trux users from lapses in coverage through regular notifications prior to and during the renewal process, and users can also take advantage of carrier premium discount programs offered through REIN. By removing friction from insurance renewal, truck drivers and fleet owners can significantly reduce project delays, interruptions, and reduce risk.
“This collaboration with REIN will bring incredible value to Trux users by simplifying a complicated and outdated process. This first of its kind embedded insurance program helps connect the back office with the operational team by removing manual processes and creating greater visibility into a high-risk area of their business,” said Bart Ronan, CEO of Trux. “At our core, Trux is dedicated to modernizing trucking operations and bringing greater technology adoption to our industry. REIN’s added service fits in with our mission.”
Framingham-based Trux isa dump truck logistics platform designed for material producers, fleet owners and contractors. The cloud-based software connects contractors and material producers with the nation’s largest network of technology-enabled haulers. Trux users realize significant gains in the profitability of their logistics services through more efficient operations, better customer experience, and improved visibility into operations.
Founded in 2015, REIN has offices in Chapel Hill, NC, Maynard, and Halifax, NS. REIN’s investors include Volvo Financial Services, Liberty Mutual Strategic Ventures, Sandbox Insurtech Ventures, Plug and Play Ventures, Kiplin Capital and family office investors.