#USA #Portland #Falvey Insurance #MiKargo247 #Cargo Insurance

MiKargo247 Partners with Falvey Insurance Group

In a significant move to enhance its service capabilities, MiKargo247, the leading Insurtech platform specializing in one-way, spot cargo insurance, has announced a strategic partnership with Falvey Insurance Group. This collaboration marks an expansion of MiKargo247's offerings beyond traditional trucking insurance to include air, ocean, and cross-border shipping, thereby addressing the diverse needs of its clients in the transportation and logistics industry.

New Opportunities in Cargo Insurance

As part of this new agreement, MiKargo247 will facilitate greater access to all-risk cargo insurance for various stakeholders including motor carriers, freight brokers, freight forwarders, and shippers. The key enhancements include:

• - Increased Transit Mode Options: Customers can now choose from multiple transit modes, including cross-border shipments to Mexico and air and ocean freight.
• - Higher Policy Limits: The allowable truckload limit has been raised to $2 million for all approved commodities, while cross-border limits have been increased to $1 million.
• - Expanded Commodity Approval: High-value items such as laptops, tablets, and mobile phones can now be insured under the new policies, broadening the scope of coverage significantly.
• - Streamlined Process: The insurance procurement process has been optimized, reducing the number of required fields and enabling quicker access to instant quotes without the typical complications of sign-ups or pre-approvals.

Industry Impact

Billy Worthington, SVP of Transportation Logistics at Falvey, expressed enthusiasm for this partnership, stating, “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.”

These enhancements not only signify a major step forward for MiKargo247 but also reflect the company’s commitment to meeting the evolving needs of the logistics sector. Michelle McGinnis, CEO of MiKargo247, emphasized the importance of agility in today’s market, saying, “Our dedication to solving capacity constraints with unmatched speed, coverage, and service underscores our goal to exceed customer expectations.”

About MiKargo247 and Falvey Insurance Group

Founded in 2022, MiKargo247 quickly established itself as an industry leader by offering specific Insurtech solutions designed with minimal friction in mind. The platform is capable of processing insurance policies under two minutes, with coverage of up to $2 million available per delivery.

On the other hand, Falvey Insurance Group is well-known for its comprehensive product lineup, which extends beyond mere insurance coverage. Their suite of additional services at no extra cost has built a solid reputation centered around client satisfaction.

To learn more about this partnership and the new offerings, visit MiKargo247's website.

Conclusion

As the transportation and logistics sector continues to grow, partnerships such as the one between MiKargo247 and Falvey Insurance Group are poised to create significant benefits for shippers and logistics providers alike. By simplifying access to comprehensive insurance solutions, both companies demonstrate their commitment to fostering innovation and improving service efficiency in an increasingly complex industry.