FreightInsure offers integrated, per-shipment insurance solutions that can be added directly into existing booking workflows. This allows clients to easily purchase cargo insurance on a shipment-by-shipment basis, streamlining the insurance process.
Funding
Funding not disclosed
Founders
Product
Problem
Shippers and freight companies face the risk of financial loss due to damage or loss of goods during transit. Traditional annual marine transit insurance policies can be expensive and may not be suitable for businesses that only occasionally require coverage.
Solution
FreightInsure provides integrated, per-shipment insurance solutions embedded directly into existing booking workflows, allowing transport companies to offer their customers the option to easily purchase cargo insurance on a shipment-by-shipment basis. This embedded approach streamlines the insurance process, removing cost and conflict from loss or damage to freight. FreightInsure handles customer queries and policy management, while claims are managed by FreightSafe.
Target Audience
Freight carriers, 3PLs, 4PLs/brokers, digital aggregators, and TMS providers, as well as shippers who want to insure their goods against loss or damage during transit.
Features
- Integration with transport company booking platforms via API
- Per-shipment insurance policies
- Coverage up to $100,000 for goods lost or damaged in transit
- Domestic and international freight coverage originating from Australia
- Claims managed by FreightSafe
- Policy management handled by FreightInsure