FreightInsure is now backed by capacity from HDI, alongside Assetinsure.

Lombard Australia Holdings, the holding company for Assetinsure, is an investor in insurtech FreightInsure, which is part of FreightSafe Group.

“HDI Global Specialty has committed additional capacity to supercharge our reach and bring embedded protection to the world of freight,” Sydney-based FreightInsure said.

The start-up offers goods-in-transit insurance that is integrated into the freight booking processes of Australia’s carriers. FreightInsure says it allows consignors to cover their delivered goods against loss or damage in transit under pay-as-you-go “mini-policies”.

Customers can generate insurance quotes and buy goods-in-transit cover in less than 45 seconds, it says.