Looking for Logistics / Freight Broker Insurance?
Protect your freight brokerage from cargo claims, carrier liability, E&O issues, and bond requirements. Get coverage for freight brokers, logistics companies, and transportation intermediaries.
What is Logistics / Freight Broker Insurance?
Freight broker insurance protects logistics intermediaries from cargo claims, carrier defaults, shipper disputes, and regulatory compliance issues. Coverage typically includes contingent cargo insurance, broker liability, and errors & omissions (E&O). The FMCSA requires brokers to maintain a $75,000 surety bond, and shippers often require proof of insurance before tendering freight.
Contingent Cargo Insurance
Covers cargo losses when a motor carrier’s insurance is denied, insufficient, or lapses.
Broker Liability
Protects against claims alleging negligent carrier selection, failure to secure proper insurance, or shipment handling errors.
Errors & Omissions (E&O)
Covers professional mistakes such as documentation errors, booking mistakes, missed instructions, or contractual disputes.
General Liability
Covers bodily injury or property damage claims unrelated to cargo, such as office or operational incidents.
Certificates
Fast proof of insurance for FMCSA filings, shippers, carriers, and contract compliance.
Who Needs Logistics / Freight Broker Insurance?
- Freight brokers : Businesses requiring specialized insurance coverage
- Logistics companies : Businesses requiring specialized insurance coverage
- Transportation intermediaries : Businesses requiring specialized insurance coverage
- 3PL providers : Businesses requiring specialized insurance coverage
Why Harper?
Freight Brokerage Expertise
Harper understands broker-specific risks: carrier defaults, cargo claims, compliance gaps, and documentation errors.
Fast FMCSA & Client Compliance
We deliver insurance documents and bond filings quickly to support broker authority and shipper onboarding.
Clear Regulatory Guidance
We explain FMCSA requirements, contingent cargo limitations, and broker liability exposure clearly.
Coverage Matched to Freight Type
Policies are tailored for general commodities, refrigerated freight, hazmat, oversized loads, and specialty logistics.
Frequently Asked Questions
What insurance do freight brokers need?
Freight brokers typically need contingent cargo insurance, broker liability, E&O coverage, general liability, and cyber liability. A $75,000 BMC-84 surety bond is required by FMCSA.
Is freight broker insurance required?
Yes. FMCSA requires a $75,000 surety bond to obtain broker authority. Many shippers also require contingent cargo and liability coverage before working with brokers.
How much does freight broker insurance cost?
Freight brokers generally pay $3,000–$10,000 annually depending on freight volume, commodities handled, coverage limits, and claims history.
Does insurance cover carrier defaults?
Yes. Contingent cargo insurance protects against shipment losses when a carrier’s insurance is denied, exhausted, or invalid.
Does insurance cover bad carrier selection?
Broker liability and E&O coverage can respond to claims alleging negligent carrier selection or failure to verify carrier insurance.
What is a BMC-84 bond?
A BMC-84 is a $75,000 surety bond required by FMCSA to protect shippers and carriers against broker non-payment or contractual violations.