New insurtech company offers instant access to all-risk cargo insurance

July 28, 2022

A new company has entered the transportation insurance market with a goal to help move cargo through the supply chain faster.

Spot cargo insurtech company MiKargo247.com provides freight brokers, 3PLs and motor carriers instant access to all-risk cargo insurance up to $1 million per load on land and rail in the U.S. and Canada.

“We developed MiKargo247.com to fill a dangerous hole in the market,” said Michele McGinnis, co-founder and CEO of MiKargo247.com. “It’s estimated that over 60% of cargo on the road goes uninsured daily, racking up $15+ billion worth of damages that cannot be recouped. With MiKargo, not only are shippers and freight brokers protected with an all-risk policy if something goes wrong, but the truckers can now haul previously uninsurable loads, ultimately making them more money, and freight brokers can expand capacity to satisfy their customer needs as well.”

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