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Cargo insurance for LSPs, shippers, and motor carriers
Brokers and carriers love working with Overhaul to dramatically reduce the total cost of risk. Learn more about our innovative partnerships and cargo insurance programs.
Lower premiums, better cargo insurance coverage
As a technology–first company with a wholesale insurance broker operation, Overhaul uses its active risk management capabilities to keep premiums down through partnerships and insurance programs. We link real-time supply chain data with insurance, which creates a better understanding of your risk profile. In turn, we enable more competitive programs and coverage tailored to specific needs.
Cost-effective, comprehensive cargo insurance products
Overhaul enables insurance carriers and retail insurance brokers to offer tech–embedded cargo insurance coverage, improving everyone’s bottom line. Get access to cost–saving insurance coverage – including streamlined claims procedures and coverages ranging from one-off spot rates to annual policies.
LSPs often utilize multiple different security programs across their network, and they need cargo insurance that rewards the LSP's efforts. Overhaul's ability to provide a single source of truth allows our underwriter to offer the most competitive premiums and terms upfront.
Shippers face many risks once their products hit the road. From keeping products secure to avoiding theft or spoilage, there's a lot to keep an eye on. Let us take one thing off your mind and handle your insurance to help you when a loss occurs.
If something happens to the goods under a trucker’s care, custody and control, they might find themselves liable for damages. Motor truck cargo insurance coverage protects motor carriers from cargo theft, damage and other road perils during loading, unloading, and transportation.
Why Overhaul
Overhaul is much more than a SaaS supply chain solution
Overhaul enables insurance carriers and insurance brokers to offer tech–embedded cargo insurance coverage that improves everyone’s bottom line. Across our specialist team, we have the experience and expertise to provide not only insurance, but also visibility and risk monitoring.
Our real–time risk management focus is changing the insurance game. We believe insurance must always be part of a secure cargo solution, but it shouldn’t be the first line of defense. Our solution is holistic, and we help you cover all steps to avoid loss. From prevention and in–transit risk mitigation all the way to load recovery and insurance coverage options, Overhaul provides support.
Overhaul helps insurance carriers reduce loss ratios and improve underwriting profitability. We also enable underwriters to better understand their risk, which results in more competitive programs.
Overhaul gives brokers the data and confidence to expand their offering, reach new customers, negotiate reduced pricing, and access Overhaul's specialized insurance products.
What the numbers say
$1T
of cargo protected
up to 80%
reduction in loss rates when our full solutions are engaged
Covered events
At Overhaul, we understand the importance of protecting your cargo during transit. Our insurance program is a unique offering that combines our risk management services with insurance, providing the market with more insurance options at reduced costs. This is especially beneficial for cargo that is theft-prone or sensitive in nature, as our data-powered insurance program can help you reduce the likelihood of claims and save money on insurance costs.
Overhaul is a licensed retail insurance broker that has developed specialty programs with A-rated underwriting partners. Our data-powered cargo insurance program is supported by our technology and risk management services, providing a tailored solution that mitigates risks and reduces claims.
By getting insurance through Overhaul, you can enjoy comprehensive coverage at a reduced cost. Insurance companies value risk mitigation, and when paired with our risk management services, underwriters can provide lower premiums. This means you can have peace of mind knowing that your cargo is protected while also saving money on insurance costs.
Relying solely on the carrier’s insurance to provide payment during a claim may not always be the best solution, as the carrier may not be at fault for loss or damage to the cargo. Purchasing broad form ‘all risk’ shipper’s interest insurance provides coverage for the goods regardless of who is at fault.
Offering cargo insurance to your customers provides an added level of service and protection that other LSPs or brokers may not be able to offer. This can help you stand out in the market, grow your competitive edge, and build stronger relationships with your customers.
Overhaul’s proven and successful risk mitigation services allow us to negotiate more favorable insuring conditions or premiums, providing you with coverage at a reduced cost. By getting insurance through Overhaul, you can benefit from our expertise in risk management and logistics, giving you confidence in knowing that your cargo is protected every step of the way.
