Barogo Provides Insurance for Partner Store Owners
Group Fire Liability Insurance for Store Owners 'The Barogo Safe Store'
[Asia Economy Reporter Kim Cheol-hyun] Barogo has established a group fire liability insurance for its partner store owners. Barogo, a startup operating a last-mile logistics IT platform, announced on the 17th that it has prepared the 'The Barogo Safe Store' insurance in collaboration with DB Insurance to help partner store owners operate their businesses with greater peace of mind.
This insurance is characterized by allowing subscribers to choose the coverage and payment method they want. The product is composed mainly of essential coverages for store operations such as fire and food poisoning, and the premium can be paid either monthly or annually in a lump sum. In particular, for monthly payments, it is possible to pay using Barogo's virtual currency 'Baromoney,' which is used for delivery service fees.
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Any of the approximately 100,000 store owners working with Barogo can subscribe. A Barogo representative said, "We prepared insurance with expanded coverage at a reasonable price to reduce the burden on store owners struggling due to COVID-19," adding, "We will continue to develop various support policies for One Barogo, where store owners, riders, hub managers, and headquarters all become one."
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