Freight Brokers Insurance
Coverage recommendations, carrier options, and cost estimates for insuring freight brokers businesses. Built for independent agents quoting this class.
Recommended Coverages
GL
essentialThird-party bodily injury, property damage, personal and advertising injury arising from business operations. Common claims include cargo damage during transit. Agent note: E&O protects against negligent carrier selection claims
$1M per occurrence / $2M aggregate
$400 - $3,000/year for small businesses; $3,000 - $15,000+ for contractors and higher-risk classes
Contingent Cargo
essentialContingent Cargo provides specialized coverage tailored to the risks Freight Brokers businesses face.
Varies by carrier and state
Varies by business size and risk profile
Professional Liability (E&O)
recommendedClaims arising from professional errors, omissions, negligent acts, or failure to perform professional duties. For Freight Brokers businesses, key exposures include vicarious liability for carrier actions. Common claims include double brokering dispute.
$1M per claim / $2M aggregate is standard; higher limits for regulated professions
$500 - $3,000/year for low-risk professions; $3,000 - $20,000+ for attorneys, accountants, and healthcare
Cyber Liability
recommendedData breach notification costs, forensic investigation, credit monitoring, regulatory defense and fines, business interruption from cyber events, ransomware payments, and third-party claims from data exposure.
$1M per claim / $1M aggregate for small businesses; $5M-$10M+ for larger organizations
$750 - $3,000/year for small businesses; $5,000 - $25,000+ for businesses handling significant PII or PHI
Surety Bond
situationalSurety Bond provides specialized coverage tailored to the risks Freight Brokers businesses face.
Varies by carrier and state
Varies by business size and risk profile
Risk Profile
Physical Risk
Liability Risk
Professional Risk
Property Risk
Top Risks
- Vicarious liability for carrier actions
- Cargo damage claims
- Carrier vetting negligence
- Contract disputes
- FMCSA compliance
Carriers That Write Freight Brokers
One of the largest small commercial writers in the U.S. with broad class appetite. Competitive BOP pricing and a streamlined agent portal with fast online quoting.
Broad appetite across most commercial classes with competitive package pricing. Strong multi-line capabilities — agents can bundle GL, property, auto, and umbrella under one carrier.
Known for competitive commercial auto rates and fast online quoting. Strong appetite for businesses with vehicle fleets and a growing BOP book.
Berkshire Hathaway-backed (AM Best A++) with competitive pricing for standard small business classes. Fully online quoting and binding process.
Cost Estimate
$2,000 - $10,000 for businesses with $500K - $10M revenue
Key Pricing Factors
- Annual revenue ($500K - $10M is typical for this class)
- Employee count (3-20 is typical)
- Number of loads brokered
- Carrier vetting process
- Cargo types
- Surety bond amount ($75K minimum)
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