MiKargo247 collaborates with Falvey Insurance to expand global cargo insurance solutions

MiKargo247, an all-mode Insurtech platform for one-way, spot cargo insurance, has partnered with Falvey Insurance Group, a specialist in marine and cargo insurance, to enhance its global offerings.

This collaboration extends MiKargo247’s coverage beyond trucking to include air, ocean, and cross-border transit options, offering greater flexibility and protection for businesses worldwide.

Through this partnership, MiKargo247 now provides Motor Carriers, Freight Brokers, Freight Forwarders, and shippers with expanded access to all-risk cargo insurance.

Enhancements include higher policy limits, with truckload coverage increased to $2,000,000 for approved commodities and cross-border limits raised to $1,000,000. Coverage has also been expanded to include high-value items such as laptops, tablets, and mobile phones.

Additionally, the process for obtaining coverage has been streamlined, allowing for faster access to quotes and purchases without the need for sign-ups, pre-approvals, or subscriptions.

This strategic alliance between MiKargo247 and Falvey Insurance Group underscores a shared commitment to delivering comprehensive, and efficient solutions for the evolving needs of the global cargo insurance market.

Billy Worthington, SVP of Transportation & Logistics at Falvey, commented: “Falvey is excited to partner with MiKargo247 as their embedded shipper’s interest insurance solution. This partnership allows us to support shippers on a broader level and bring instant insurance to them when they need it most.”

“MiKargo247 has consistently focused on solving capacity constraints with unmatched speed, coverage, and service. Our partnership with Falvey Insurance Group, combined with this latest round of changes, underscores our dedication to delivering value and exceeding customer expectations. We have listened intently to our users and incorporated their valuable feedback into this release,” added Michele McGinnis, CEO of MiKargo247.

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