Freight Broker Insurance & Bonds

Freight brokers face unique liability exposures that require specialized insurance and bonding. From the FMCSA-required $75,000 BMC-84 surety bond to contingent cargo coverage and E&O insurance, our agency helps freight brokers stay compliant and protected.

Coverages we place

• BMC-84 surety bond ($75,000 FMCSA requirement)
• Contingent cargo insurance
• Errors & omissions (E&O) for freight brokers
• General liability for office and business operations
• Cyber liability for digital freight platforms
• Workers' compensation for brokerage employees

Who needs this coverage

Licensed freight brokers and freight forwarders operating under FMCSA authority (MC number). Whether you're a startup brokerage or an established operation, you need the right combination of bonds and insurance to stay compliant and protect your business.

What drives your premium

• Brokerage revenue
• Volume of loads brokered
• Credit score (for bonds)
• Claims history
• Number of employees

Common exclusions

• Direct carrier liability (carrier's own policy)
• Intentional fraud or misrepresentation
• Pre-existing claims

Frequently asked questions

What's the difference between a freight broker bond and insurance?

The BMC-84 bond ($75,000) is an FMCSA requirement that protects shippers and carriers from financial loss caused by the broker. It's NOT insurance for the broker — you need contingent cargo and E&O insurance to protect your own business.

How much does freight broker insurance cost?

A BMC-84 bond costs $900–$4,000/year depending on credit. Contingent cargo coverage runs $1,500–$5,000/year. E&O insurance adds $1,000–$3,000/year. We package these together for the best overall value.

Related coverage

• Trucking Insurance
• General Liability
• Cyber Liability
• Professional Liability / E&O

Get a free quote or call (321) 206-8035.