Freight broker coverage and bonds
Insurance and surety bonds for freight brokers, arranged through our carrier and surety partners.
Coverage for freight brokers
Freight brokers arrange loads instead of hauling them, so their exposures differ from a carrier. Depending on the program, options may include contingent auto liability, contingent cargo, general liability and professional or errors and omissions style coverage.
Which coverages are needed depends on your operation and your contracts. We go over them with you.
Who it is for
New brokerages getting authority in place, and established brokers who want to compare options or meet a customer request.
Freight broker bonds
We place trucking and freight broker bonds with our surety partners (MGAs). Each partner sets its own requirements, and approval and pricing are decided by the surety.
What a bond does
It gives carriers and shippers a financial guarantee that you will meet your obligations. If a valid claim is paid, you owe the surety.
Start here
Choose Freight Broker Coverage / Bond on the quote form and tell us the bond you need. Other bonds are on our trucking bonds section.
What affects the cost
No two quotes are the same. We compare options so you can see the trade-offs.
- Your annual gross revenue or load volume
- Years in business and experience
- Credit and financial information, for bonds
- Your loss history and the program chosen
What we will ask for
- Your MC number, or your plans if you are new
- Business structure and ownership
- Estimated annual revenue
- For a bond: the bond type and amount requested
Other coverages we offer
Browse another coverage, see all services, or get a quote and we will help you choose.
Trucking
Trucking Programs
Commercial
Freight Brokers questions
Quick answers before you request a quote.
What is a freight broker bond?
It is a surety bond that brokers file to show financial responsibility to carriers and shippers. Federal rules set a financial security requirement for licensed property brokers, and we can explain current requirements.
Is a bond the same as insurance?
No. A surety bond protects the party who relies on it, and you can be required to repay the surety for claims paid. We explain this before you decide.
Will my credit matter?
For bonds it often does. Our surety partners set their own requirements.
Can you help a new broker?
Yes. Tell us where you are in the process and we will guide you on the next steps.
Starting or growing a brokerage?
Tell us about your needs and an advisor will follow up during business hours.