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