Policyholders and their insurance agents now have flexibility when selecting either an ELD connection or dashcam when binding Cover Whale Auto Liability coverage
NEW YORK, (February 6, 2024) — Cover Whale Insurance Solutions, Inc., a leading insurtech specializing in connected insurance for commercial auto insurance, today announced an enhancement to its Driver Safety Program. Cover Whale-insured truck drivers now have the flexibility to either connect their vehicle’s electronic logging device (ELD) or install a Cover Whale-provided dashcam when binding new auto liability policies. Previously, Cover Whale offered dashcam installation as its only telemetry data-sharing option.
Cover Whale is now offering more flexibility to policyholders when securing coverage and complying with its requirement for on-the-road telemetry data sharing. Insurance agents and policyholders are now able to share data by connecting their existing ELD or a dual-facing dashcam when purchasing a Cover Whale auto liability policy. Agents securing coverage for their clients in the Cover Whale platform now simply click one of two data connection options, ELD or dashcam, before they bind a policy. Its Driver Safety Program supports dozens of ELD brands covering the vast majority of devices available in the U.S.
Core to its Driver Safety Program, both telemetry data-sharing options provide Cover Whale with the requisite insights into truckers’ safe driving practices. Its Driver Safety Program, with telematics and driver coaching at its core, enables more accurate risk assessment and pricing, which has led to Cover Whale’s industry-leading loss ratios and safer driving practices.
“As a data-driven enterprise, we’re taking this step to intensify our commitment of leveraging telematics to enhance road safety,” affirmed Dan Abrahamsen, CEO of Cover Whale. “We’re not just insuring drivers, we’re focusing on what matters on the road most — protecting the lives of drivers and those with whom they share the road. We’re doubling down on our Safety Program by offering the flexibility of connecting existing ELDs, which most of our target truckers already have, along with our legacy dashcam program option.”
The option to select an ELD is now accessible for all partner agents within Cover Whale’s network.
About Cover Whale
Cover Whale, an insurtech founded by experienced insurance and technology veterans, focuses on technology, underwriting, and data to provide innovative insurance programs for the commercial auto industry. Operating as a managing general agent (MGA), the company currently has more than 15,000 in-force policyholders, ending 2023 with a two-year CAGR of 85% while maintaining industry-leading loss ratios. Cover Whale’s unique Driver Safety Program combines coverage with telematics, and real-time driver coaching to reduce claims, keep drivers safe and save lives on America’s roads. Cover Whale delivers its product through more than 6,000 agents with the industry’s fastest, most agent-friendly online quoting experience. With a fundamental belief that safe driving should be rewarded, Cover Whale-insured drivers may receive up to 30% off when renewing their auto liability policy. The company was named 2023 Insurtech of the Year by Program Manager, one of America’s Best Startup Employers on Forbes‘ 2023 list, and more recently, the #3 insurtech to watch in 2024 by PropertyCasualty360. For more information, visit www.coverwhale.com. Stay up to date with Cover Whale on LinkedIn, Facebook, Instagram and our blog.
