Cover Whale

Cover Whale is a commercial trucking insurance provider. The company focuses on leveraging technology, data analytics, and underwriting expertise to offer customized insurance programs tailored for the commercial auto industry. The company's flagship offering is its unique Driver Safety Program, which combines coverage with telematics, dual-facing AI dash cams, and real-time driver coaching to reduce claims and promote road safety. 

The company's suite of products includes auto liability, motor truck cargo, auto physical damage, non-trucking liability, and truckers' general liability. In 2022, Cover Whale expanded its offerings to include coverage for hot shots operators and auto haulers. As of April 2024, the company distributed its products through over 6,000 agents.

In June 2023, the company stated that it had surpassed over USD 500 million in all-time written premiums. The company generated USD 225 million in gross premiums written in 2023.

Key customers and partnerships

As of May 2024, the company had over 15,000 in-force policyholders.  

In August 2023, Cover Whale joined forces with CoverWallet, a digital insurance platform, leveraging its advanced telematics and proprietary quoting technology to cater to independent owner-operators and small-fleet trucking customers.

In March 2023, the company partnered with Devron Partners, a data science and machine-learning technology company. Through the collaboration, Cover Whale leveraged Devron’s data science platform to develop and train AI models to quickly integrate new and alternative data sources for more accurate risk assessment. This initiative aimed to offer driver coaching and adjust premiums accordingly.

In the same month, Cover Whale partnered with TrustedChoice.com, granting access to its network of over 240,000 independent insurance agents. This collaboration enabled Cover Whale to expand its reach and deliver tailored coverage plans to truck drivers nationwide more efficiently. 

In March 2022, the company partnered with dreyev, an AI risk analytics company, to develop an adaptive risk-based technology process for commercial auto insurance. The process utilized a patented technology to analyze driver behavior and road conditions in real time. It aimed to detect and address risky driving behaviors preemptively, enhancing Cover Whale's ongoing underwriting model and potentially reducing costs for safe drivers.