Shipsurance
Shipsurance Insurance Services is a US shipping insurance agency (founded 2003) and subsidiary of Assurant, underwriting parcel coverage at up to 90% off carrier rates for SMB and individual e-commerce shippers, auction sellers, and mail & parcel centers, with 30+ shipping-software integrations and a REST API.
- Company typePrivate
- Founded2003
- HeadquartersWoodland Hills, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Shipsurance does
Shipsurance Insurance Services, Inc. is a US-based shipping insurance agency founded in 2003 and headquartered in Woodland Hills, California. The company underwrites parcel-level coverage for loss, damage, and shortage in transit via major carriers (UPS, FedEx, USPS, DHL, YRC, Canada Post) at rates up to 90% below carrier offerings, with certificates originating from the United States or Canada. It is a wholly-owned subsidiary of Assurant, Inc. (NYSE: AIZ), and is underwritten by an 'A'-rated insurance carrier, with California Department of Insurance license #0E39065.
The core technology stack is the Shipsurance Shipping Insurance Platform, which combines a per-$100 unit insurance product, the eReport Online reporting suite, a RESTful Shipsurance API for custom integrations, and the Shipsurance Management Center (a self-service portal at app.shipsurance.com) for certificate management, claims filing, and shipment reporting. The platform is integrated with 30+ shipping and commerce systems — including ShipStation, ShippingEasy, Shopify, ShipEngine, eBay, Etsy, Ordoro, Stamps.com, ShipWorks, and PostSale — enabling embedded insurance at the point of label creation. Claims are filed electronically in approximately five minutes, with most paid within five business days.
Shipsurance generates revenue through three primary streams: (1) per-$100 unit usage-based premiums tied to declared shipment value; (2) reporting-based monthly invoicing where customers submit manifest logs and are billed by units insured; and (3) a Flat Rate Coverage subscription option providing fixed monthly premiums for all inbound and outbound shipments without per-shipment reporting. Distribution is a multi-channel mix — direct website sales, shipping-software integration partners, a REST API for enterprise/custom systems, licensed insurance agent referral and revenue-share programs, and the ShipSaver.com partner site targeting occasional shippers. The primary customer base is SMB and individual online retailers, e-commerce sellers, auction sellers, and mail & parcel centers, with secondary segments in wholesale and manufacturing.
Shipsurance firmographics
Firmographics- Name
- Shipsurance
- Legal name
- Shipsurance Insurance Services, Inc.
- Website
- https://shipsurance.com
- Company type
- Private
- Founded year
- 2003
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Shipsurance Insurance Services is a US shipping insurance agency (founded 2003) and subsidiary of Assurant, underwriting parcel coverage at up to 90% off carrier rates for SMB and individual e-commerce shippers, auction sellers, and mail & parcel centers, with 30+ shipping-software integrations and a REST API.
- Ownership category
- akta.pro rank
Shipsurance industry classification
Industry- Product category
- Shipping Insurance
- NAICS
- Agencies, Brokerages, and Other Insurance Related Activities (5242), Direct Insurance (except Life, Health, and Medical) Carriers (52412), Direct Property and Casualty Insurance Carriers (524126)
- SIC
- Insurance Agents, Brokers & Service (6411), Fire, Marine & Casualty Insurance (6331)
- akta.pro primary industry
- Inland Marine Insurance (Transit, Equipment & Installation) (FSAJAHAB)
- akta.pro secondary industries
- Marine Specialty (Hull/P&I/Cargo) (FSAJAGAJ), Motor Truck Cargo & Inland Marine (Goods-in-Transit) (TLABANAD), Bills of Lading (B/L) & Sea Waybill Issuance/Management (TLACAHAA)
Keywords
Where Shipsurance is headquartered
LocationHeadquarters
- HQ city
- Woodland Hills
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Shipsurance business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Supply Chain
Revenue model
- Insurance Premiums - Per Unit Model: Insurance premiums calculated based on $100 units of coverage. Rates are based on shipping volume, valuation, commodity, and claims history. For example, a $500 parcel with $0.20 per $100 unit rate would cost $0.80 in premiums. Coverage is purchased after shipping labels are generated.
- Flat Rate Coverage: Alternative fixed monthly rate program for all inbound and outbound shipments without the need for reporting. Provides coverage for domestic and international shipments with faster claims processing that doesn't require shipping report submission for claims.
- Reporting-Based Premiums: Monthly invoicing for coverage. Customers submit shipment manifest logs daily, weekly, or monthly. Premiums are calculated by multiplying the number of $100 units by the rate. Reports can be sent via email, fax, or mail.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Monthly | Per $100 Unit Rate |
| Subscription | Monthly | Flat Rate Monthly Coverage |
| Usage-based | Monthly | Enterprise Volume Discounts |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels5 records
Shipsurance product offering
Product offeringCore offering
Shipsurance provides all-risk shipping insurance for parcels and freight shipped via major carriers (UPS, FedEx, USPS, DHL, Canada Post, YRC), covering loss, damage, and shortage in transit at rates up to 90% lower than carrier-direct insurance. The company serves e-commerce sellers, mail and parcel centers, manufacturers, and wholesale businesses worldwide, with coverage underwritten by an 'A' rated U.S. insurer. Its offering is supported by proprietary software (eReport Online, Management Center, and a RESTful API) and pre-built integrations with 30+ shipping, marketplace, and commerce platforms, plus an electronic claims system that pays most claims within 5 business days.
Product overview
Shipsurance is a shipping insurance company and an Assurant Company, offering comprehensive coverage for shipments sent via major carriers worldwide at rates up to 90% below carrier costs. The core product is the Shipsurance Shipping Insurance Platform, which provides coverage for loss, damage, and shortage while in transit. The platform is supported by the eReport Online suite for direct integration with eBay and Etsy marketplaces, the Online Manifesting System for manual shipment reporting, and the Claims Management Portal for rapid claims processing. Additional offerings include Trust Badges and Package Inserts for customer-facing coverage verification, MPC Package Inspection Labels for mail center operators, and a Flat Rate Coverage option for shippers preferring fixed monthly premiums. The Shipsurance API enables developers to build custom integrations with shipping and eCommerce platforms.
Differentiator
Problem solved
Functional benefit
Products and services
- Shipsurance Shipping Insurance Platform All-risk shipping insurance coverage for parcels and freight shipped via major carriers (UPS, FedEx, USPS, DHL, Canada Post, YRC), covering loss, damage, and shortage while in transit at rates up to 90% lower than carrier-direct insurance. Coverage extends to domestic and international shipments and is underwritten by an 'A' rated U.S. insurer. Targets e-commerce sellers, mail and parcel centers, wholesale distributors, and manufacturers.
- eReport Online
Quantifiable outcome
- Save up to 90% on shipping insurance costs
- +3 more outcomes
Companies that use Shipsurance
Customer profileNamed customers4 records
Segments5 records
Ideal customer profiles4 records
Shipsurance technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration26 records
Feature4 records
Shipsurance partnerships and signals
Strategic signalPartnerships
14 partnerships are on record, tiered core and minor.
- ShipStationcoreShipStation allows multi-channel sellers to automate shipping labels, order management, and customer communication. Shipsurance insurance integrates directly with ShipStation, enabling seamless insurance coverage during label creation.
- ShippingEasycoreCloud-based shipping software integrating directly with online stores, marketplaces, and inventory systems. Shipsurance insurance is integrated into the ShippingEasy platform.
- ShopifycoreShopify Shipping is a built-in shipping solution for Shopify store owners partnering with carriers like USPS, UPS, DHL Express, and Canada Post. Shipsurance provides integrated insurance coverage.
- ShipEnginecoreMulti-carrier shipping platform for e-commerce platforms, logistics/fulfillment professionals, and independent e-commerce brands. Shipsurance integration available for insurance coverage.
- OrdorocoreE-commerce logistics platform for managing shipping, inventory, supplier management, and multichannel analytics. Shipsurance insurance integrates with Ordoro for seamless coverage.
- EtsycoreEtsy marketplace integration for sellers. Shipsurance coverage integrates directly with Etsy stores via Shipsurance eReport Online.
- eBaycoreeBay auction platform integration. Shipsurance coverage integrates directly with eBay via Shipsurance eReport Online, enabling easy insurance of auctions and sales.
- Stamps.comcoreStamps.com provides online postage and shipping solutions. Shipsurance insurance is compatible with and integrates into the Stamps.com platform.
- ShipWorkscoreShipping software solution compatible with Shipsurance insurance reporting and integration.
- ShipSavercorePartner website for occasional shippers to purchase instant shipping insurance coverage through Shipsurance at lowest markups in the industry. Also allows claims management.
- 71lbsminorAutomated shipping refunds service for FedEx and UPS late deliveries. Referral partnership with Shipsurance.
- FastPackminorPackaging supplier offering discount pricing. Referral partnership with Shipsurance offering 5% discount using coupon code.
- AMBC (Associated Mail & Business Centers)minorNational trade association for mail and parcel industry, formerly AMPC. Partnership to serve their thousands of members.
- AssurantcoreShipsurance Insurance Services is an Assurant Company. Shipsurance is underwritten by an 'A' rated insurance company, providing financial stability and backing.
Scale indicators4 records
Recent moves3 records
Expansion highlights5 records
Shipsurance competitors and assessment
Company assessmentBroad incumbents
- UPS Capital: UPS Capital is the financial services and insurance arm of UPS, offering parcel shipping insurance, cargo coverage, and supply-chain financing. It is the closest broad incumbent to Shipsurance, competing directly on parcel insurance but backed by a major carrier's distribution and balance sheet.
- FedEx InsureShield: FedEx's branded shipping insurance product, providing declared-value coverage for parcels shipped via FedEx. Comparable as a carrier-affiliated insurance offering that competes with Shipsurance on price, claims experience, and ease of use at the label-creation step.
Direct peers
- U-PIC Shipping Insurance: U-PIC is a direct competitor offering third-party parcel shipping insurance for e-commerce sellers and small businesses, integrated with multiple carriers and shipping platforms. Closest pure-play peer to Shipsurance in target customer, product structure, and channel strategy.
- Cabrella: Cabrella provides shipping insurance for e-commerce and high-value shipments, with API-first integration into shipping platforms. Comparable to Shipsurance in its focus on parcel insurance for online sellers and on technology-enabled underwriting and claims.
- InsureShip: InsureShip offers discounted parcel shipping insurance integrated with major carriers and e-commerce platforms, targeted at SMB and high-volume shippers. Closely comparable to Shipsurance in product, customer base, and integration-led GTM.
- ParcelGuard: ParcelGuard is a parcel shipping insurance provider focused on e-commerce merchants, offering coverage at lower rates than carriers with API and platform integrations. Direct peer to Shipsurance along product, pricing model, and customer segment dimensions.
Emerging players
- Cover Genius: Cover Genius is an insurtech providing embedded shipping, delivery, and post-purchase insurance products for e-commerce merchants via API. Comparable to Shipsurance in serving online retailers, but with a broader platform across multiple insurance lines and geographies.
Regional players
- Stamps.com (Auctane): Stamps.com provides USPS postage and shipping software with integrated shipping insurance options. While broader than pure insurance, it is a distribution partner of Shipsurance and a potential platform competitor offering in-house insurance to its SMB shipper base.
- ShippingEasy: ShippingEasy is a multi-carrier shipping software platform with native integration of Shipsurance insurance. While its primary business is shipping software, it is a key channel partner and, like other shipping platforms, a potential in-house insurance competitor over time.
Others
- Insure.com: Insure.com is an insurance comparison and brokerage platform. It is adjacent rather than directly competitive, but relevant as a channel and customer-acquisition reference point for SMBs shopping for specialty shipping coverage.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Shipsurance social profiles
Digital presenceShipsurance financial estimates
Financial estimateRevenue estimate
Valuation estimate
Shipsurance leadership team
Management profileNumber of profiles
Shipsurance funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Shipsurance M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Shipsurance
What does Shipsurance do?
Shipsurance provides all-risk shipping insurance for parcels and freight shipped via major carriers (UPS, FedEx, USPS, DHL, Canada Post, YRC), covering loss, damage, and shortage in transit at rates up to 90% lower than carrier-direct insurance. The company serves e-commerce sellers, mail and parcel centers, manufacturers, and wholesale businesses worldwide, with coverage underwritten by an 'A' rated U.S. insurer. Its offering is supported by proprietary software (eReport Online, Management Center, and a RESTful API) and pre-built integrations with 30+ shipping, marketplace, and commerce platforms, plus an electronic claims system that pays most claims within 5 business days.
Is Shipsurance a public or private company?
Shipsurance is a private company. It is classified as corporate owned and is currently operating.
When was Shipsurance founded?
Shipsurance was founded in 2003. It employs 1 to 10 people.
Where is Shipsurance based?
Shipsurance is headquartered in Woodland Hills, United States, in the North America region.
How does Shipsurance make money?
Three revenue lines are on record. Insurance Premiums - Per Unit Model is the primary driver. The others are flat Rate Coverage and reporting-Based Premiums.
Who are Shipsurance's main competitors?
Broad incumbents on record are UPS Capital and FedEx InsureShield. Direct peers are U-PIC Shipping Insurance, Cabrella, InsureShip and ParcelGuard. Cover Genius is listed as an emerging player. Regional players are Stamps.com (Auctane) and ShippingEasy. Insure.com is listed as an others.
Does Shipsurance have an API?
Yes. Shipsurance offers a full suite of APIs that allow integration of shipping or eCommerce systems with their insurance platform. The system enables users to insure shipments, void transactions, and manage claims via simple API calls. Custom insuring solutions allow development teams to connect shipping systems to Shipsurance's backend reporting system. The API supports integration with shipping manifest systems, shopping cart platforms, and shipping software solutions. Reports can be generated from shipping software or submitted manually. All reports can be sent via email, fax, or regular mail. Developer documentation is at shipsurance.com/integration.
What industry is Shipsurance in?
Shipsurance's product category is Shipping Insurance. Its primary akta.pro industry code is FSAJAHAB, Inland Marine Insurance (Transit, Equipment & Installation), with a secondary code of FSAJAGAJ, Marine Specialty (Hull/P&I/Cargo). Its NAICS code is 5242 and its SIC code is 6411.