Get free insurance quotes for freight brokers
Save money by comparing quotes from top-rated insurers.
Choose from the nation's best insurance providers
Why do freight brokers need insurance?
Insurance coverage for truck brokers and other trucking companies is often required by law. You might also need proof of insurance to work with a shipper or motor carrier. Maintaining coverage is in the shipper's interest and yours as well, as it can pay for costly lawsuits and accidents.
Multiple quotes with one application
Insureon helps freight brokers and forwarders compare small business insurance quotes from top U.S. carriers online.
Get several quotes with one easy application.
What types of business insurance do freight brokers need?
These insurance policies cover common risks for freight brokers.
Commercial auto insurance
Commercial auto insurance covers legal defense costs if a trucker is involved in an accident. Each state has its own requirements for auto liability coverage.
BEST FOR
- Legal liability in an accident
- Property damage caused by your vehicle
- Vehicle vandalism and theft
General liability insurance
A general liability policy covers financial losses from third-party accidents, such as trips or falls in a dispatch office or at a location used for motor truck cargo storage.
BEST FOR
- Third-party bodily injuries
- Damaged client property
- Shipper contract requirements
Workers' compensation insurance
Most states require workers' comp for freight trucking businesses with employees. It also covers work-related medical bills for sole proprietors, which personal health insurance could deny.
BEST FOR
- Employee medical expenses
- Disability benefits
- Lawsuits from employee injuries
Business owner's policy
A BOP is a cost-effective way for freight brokers and forwarders to buy general liability and commercial property insurance together. It protects against common lawsuits and property damage.
BEST FOR
- Accidents that harm clients
- Stolen or damaged items
- Business interruption insurance
Cyber insurance
This policy helps freight brokers and forwarders recover financially from cyberattacks and data breaches. It's sometimes called cyber liability insurance or cybersecurity insurance.
BEST FOR
- Ransomware attacks
- Data breach investigations
- Customer notification costs
Looking for different coverage? See more policies.
How much does freight broker and freight forwarder insurance cost?
Insurance companies look at different aspects of your freight company to determine your commercial insurance rates, including:
- Business revenue
- Types of materials transported
- Number of employees
- Policy limits and deductibles
- Claims history
How do I get freight forwarder or freight broker insurance?
It's easy to get business insurance and surety bonds for freight brokers and freight forwarders if you have your company information on hand. Our application will ask for basic facts about your business, such as revenue and number of employees. You can buy a policy online and get a certificate of insurance with Insureon in three easy steps:
- Complete a free online application
- Compare insurance quotes and choose policies
- Pay the policy premium and download a certificate
Insureon's licensed insurance agents will help you find the right policies for your freight brokerage, such as professional liability insurance, cargo insurance, contingent auto liability insurance, workers’ compensation, or coverage for any other exposures.
Verified business insurance reviews
Hear from customers like you who purchased small business insurance.