The partnership has facilitated an increase in the available truckload limit, which now reaches up to $2m for all approved commodities, with the cross-border limit also rising to $1m. Credit: GreenOak/Shutterstock.

Insurtech company MiKargo247 has signed Falvey Insurance Group as its underwriting partner.  

The collaboration aims to extend coverage beyond trucking to include air, ocean and cross-border insurance options.  

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This move enables MiKargo247 to provide all-risk cargo insurance to motor carriers, freight brokers, freight forwarders and shippers. 

The alliance has facilitated an increase in the available truckload limit, which now reaches up to $2m for all approved commodities, with the cross-border limit also rising to $1m.  

Additionally, the coverage now includes items such as laptops, tablets and mobile phones. 

The company has reduced the number of required fields for obtaining instant quotes and making purchases.  

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Clients can now access these services more quickly, without the need for sign-ups, pre-approvals or subscriptions. 

Falvey transportation & logistics SVP Billy Worthington said: “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 CEO Michele McGinnis stated: “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.” 

Earlier this month, Falvey Insurance announced a leadership transition. Following Mike Falvey’s move to executive chairman, Jack Falvey has taken over as CEO of the company.