LoadLink Partners with MiKargo247 to Provide One-Way Spot-Cargo Freight Insurance

MiKargo247.com, a complete end-to-end Insurtech, created specifically for one-way, spot-cargo freight, partners with Canada’s largest freight load board, Loadlink to provide Freight Brokers, 3PLs & Motor Carriers on the Loadlink platform with instant access to the insurance they need to protect valuable cargo and move it faster through the supply chain, it was announced today by Michele McGinnis, co-founder and CEO of MiKargo247.com.

Underwritten by A-Rated Munich Re, a leading global provider of reinsurance, primary insurance and insurance-related risk solutions, MiKargo247 offers insurance coverage up to $1 million per load on land & rail loads in the US and Canada. Coverage is All-Risk providing far broader coverage than standard cargo insurance with full claim support from their Schaumberg, IL office.

Additional features include:

• Quote in 10 seconds, bind coverage in 90 seconds
• Access to commodities typically excluded by other cargo policies
  
• No sign up or subscription, portal is made for expediency
  
• No more waiting for insurance agent or underwriter approval
  
• Policy is “All Risk” eliminating the question of, “do I have the right coverage?”
  
• US-based claims team for reliable and quick claim adjusting
  

“We are thrilled to partner with Loadlink. We developed MiKargo247.com to fill a challenging hole in the market and to support the needs of memberships like theirs,” said McGinnis. “It’s estimated that over 60% of cargo on the road in North America goes uninsured or underinsured daily, racking up $15+ Billion worth of damages that cannot be recouped. With MiKargo247, 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 revenue and Freight Brokers can expand capacity to satisfy their customer needs as well.