Verified Carrier and MiKargo247 Partner to Launch Strategic Cargo Theft Insurance for Spot Freight

Verified Carrier, the freight industry's leading carrier verification platform, and MiKargo247, the leading provider of on-demand insurance for one-way, spot cargo shipments, today announced a partnership that addresses the one of the fastest growing concerns in freight risk management: strategic cargo theft.

Through this partnership, brokers using Verified Carrier can now insure a load against strategic theft — the one risk most cargo policies won't cover.

“Verified Carrier exists because the freight industry needs a way to protect carriers, brokers, shippers, and their customers by making fraud structurally impossible at every link in the chain,” said Alex Panfilov, Founder & CEO of Verified Carrier. “Partnering with MiKargo247 is the natural next step. Verified carriers shouldn't be penalized by exclusions that exist because of bad actors they're nothing like. This gives them a tangible benefit for doing things right.”

Strategic cargo theft — which includes double-brokering schemes, identity impersonation, and fictitious pickups — accounted for approximately 30% of all reported cargo theft incidents in 2025 based on industry reports. Yet without a clear and reliable process to confirm who is actually hauling the load, most spot freight insurance policies exclude it entirely. When the carrier and drivers' identities are verified, the insurance risk that drove the exclusion can be meaningfully mitigated.

“The strategic theft exclusion has always been a risk management decision, not a permanent limitation,” says Michele McGinnis, CEO of MiKargo247. “The logic behind offering Strategic Theft Coverage is simple — if we know a carrier has been vetted, the fraud scenario the typical exclusion was written to address is already off the table. Partnering with Verified Carrier gives us the infrastructure to extend protections to customers who have taken these critical precautions.”

Coverage is available directly through Verified Carrier's portal, giving brokers a single, integrated workflow for carrier verification and Per-Load insurance. Brokers can quote, bind coverage and download a certificate all without leaving the platform.