Today’s freight brokers are not only expected to meet mandatory insurance requirements, but they are also held to a higher standard in terms of motor carrier vetting, safety compliance, and risk management. At Skyscraper insurance, we provide value-added insurance and risk management solutions. Our team of transportation industry professionals will structure a freight broker insurance policy based on the needs of your individual business. Plus, we will provide you with the tools, training, and resources needed to increase safety and keep your overall insurance costs down.
Freight Broker Insurance Coverage Offerings
At Skyscraper insurance, our knowledgeable team of insurance professionals will work with you to structure a comprehensive, cost-effective insurance plan. Our coverage offerings include:
- Contingent broker trucking liability insurance
- Contingent broker cargo liability insurance
- Freight forwarder insurance
- General liability insurance
- Freight broker error & omissions (E&O) insurance
- Broker bonds
- And more…
In addition to providing you with a strong freight broker insurance policy, the highly experienced team at Skyscraper insurance will work with you to provide value-added risk management solutions. As a broker, there are a number of best practices you can implement in the areas of motor carrier vetting, day-to-day management, safety compliance, and record keeping. Our team will help you implement a Culture of Safety and put into place a range of best practices. This will help protect your business for the long term.
Types of freight broker insurance include:
Contingent Broker Auto Liability — Protection against third-party claims, such as when it is discovered that a trucker driver’s certificate of insurance was falsified.
Contingent Broker Cargo Liability — Pays claims that the carrier will not pay.
General Liability and Property Insurance — To address liabilities beyond issues involving cargo or driving.
Workers’ Compensation — Insurance for on-the-job accidents, including coverage in case one of the trucking companies you work with does not have workers’ compensation.
A freight brokerage or independent freight broker is responsible for facilitating the movement of a company’s freight via a quality carrier. They are tasked with pairing shippers with carriers, scheduling and tracking each load of cargo and keeping in communication with the carrier throughout the shipping process.
Freight brokers benefit both the motor truck cargo carriers as well as the companies who require shipping services. They make it easier for companies to find quality carriers with proven reliability to handle their shipments. Additionally, they help carriers increase their earning potential by finding and making deals with the shipping clients and having those cargo loads readily available for them to haul.