Logistics Hard 1,800/mo

Cargo Insurance Marketplace

Compare and bind cargo insurance policies for each shipment from multiple underwriters. Get instant coverage based on commodity, value, route, and mode — eliminating gaps in freight protection.

InsuranceFreight
MRR Potential
$10K–$45K
Time to MVP
12–14 weeks
Search Volume
1,800/mo
Market Size
$2.2B

The Problem

70% of freight moves without adequate insurance. Annual cargo policies cost $5K–$50K and don't cover all scenarios. Per-shipment coverage requires calling underwriters for quotes. Claims take 60–90 days to process. $50B in freight is damaged or lost annually with inadequate coverage.

The Solution

Digital cargo insurance marketplace where shippers get instant quotes from multiple underwriters based on shipment details, bind coverage in one click, and file digital claims with faster resolution.

Target Audience

Freight brokers needing per-shipment cargo coverage, shippers with high-value or fragile goods, and 3PLs offering insurance as a value-added service to clients

Key Features

1
Instant multi-underwriter quotes based on commodity, value, route, and mode
2
One-click coverage binding with digital certificate of insurance
3
Per-shipment or per-lane coverage options for flexible protection
4
Digital claims filing with photo documentation and automated processing
5
Coverage gap analysis identifying uninsured or underinsured shipments
6
Broker portal for offering cargo insurance to their shipper clients

Market Opportunity

Market Size
$2.2B — Digital cargo insurance growing at 22.4% CAGR
Monthly Searches
1,800/mo
MRR Potential
$10K–$45K
Why Now?

Insurtech APIs enable instant quoting. Supply chain disruptions highlighted insurance gaps. Digital claims processing matures. Per-shipment coverage models are getting market acceptance.

Revenue Model

Commission: 15–25% of premium from underwriters. Premium: typically 0.3–1.5% of cargo value. Platform: free for shippers. Broker white-label: $199/mo + commission share.

Competitive Landscape

Loadsure

Digital cargo insurance. Per-load coverage, growing but limited carrier access

Falvey Insurance Group

Cargo insurance specialist. Traditional broker model, phone/email quotes

Traditional brokers

Phone/email quotes taking 24–48 hours. Annual policies with gaps

Carrier liability only

Carriers liable for $0.50/lb only. $50K shipment covered for ~$250

Recommended Tech Stack

Next.jsNode.jsPostgreSQLUnderwriter APIsStripeSendGridRedisAWS S3

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