Introduction:

Freight brokers play a crucial role in the logistics supply chain. But with that role comes risk—especially when damage, theft, or delivery issues arise. Freight broker insurance offers the protection you need.

What is Freight Broker Insurance?

It covers liability risks that freight brokers face in managing shipments between shippers and carriers. While carriers are responsible for the load, brokers can still be pulled into lawsuits and disputes.

Types of Coverage:

Contingent Cargo Insurance – If the carrier’s insurance fails, yours kicks in.
Errors & Omissions Insurance – Protects against financial damages due to negligence or documentation errors.
General Liability – For property damage or bodily injury claims.
Surety Bonds (BMC-84) – Required by FMCSA for license compliance.

Why It’s Critical:

• Covers legal defense and claim settlements
• Enhances credibility with clients
• Fulfills industry legal requirements

Conclusion:
Don’t leave your freight brokerage business vulnerable to expensive claims or lost partnerships. A tailored freight broker insurance policy is your best defense in a complex and fast-moving industry.