Insurance for Freight Brokers & Third-Party Logistics Providers
Freight brokers and third-party logistics providers arrange transportation without taking physical possession of cargo — but they bear significant liability for cargo losses, carrier selection negligence, and the financial consequences of supply chain failures. The FMCSA requires freight brokers to maintain a surety bond or trust fund, and shippers increasingly require brokers to carry contingent cargo and professional liability coverage. Grandbay places comprehensive programs for licensed freight brokers and 3PL operators.
Purpose-Built Programs for Freight Brokers & 3PLs
Freight brokers and third-party logistics providers arrange transportation without taking physical possession of cargo — but they bear significant liability for cargo losses, carrier selection negligence, and the financial consequences of supply chain failures. The FMCSA requires freight brokers to maintain a surety bond or trust fund, and shippers increasingly require brokers to carry contingent cargo and professional liability coverage. Grandbay places comprehensive programs for licensed freight brokers and 3PL operators.
What We Cover
Freight Broker Liability
Professional liability coverage for freight brokers for claims arising from carrier selection negligence, cargo loss, and service failures.
Contingent Cargo
Coverage for cargo losses when the carrier's insurance is insufficient or the carrier denies coverage — protecting the broker from shipper claims.
FMCSA Surety Bond
The $75,000 FMCSA-required surety bond for licensed property brokers, with higher limits available for larger operations.
Errors & Omissions
Professional liability coverage for 3PL service failures, including incorrect routing, documentation errors, and customs compliance failures.
Cyber Liability
Coverage for data breaches and cyber incidents affecting freight management systems and shipper data.
General Liability
Premises and operations coverage for freight broker and 3PL offices and warehouse operations.
Key Exposures We Address
Freight Brokers & 3PLs operations carry distinct risks that require specialized coverage strategies. Our team identifies and mitigates the exposures most likely to impact your business.
Ready to Protect Your Freight Brokers & 3PLs Operation?
Our specialists are ready to design a program tailored specifically to your operations, exposures, and growth objectives.