Review Of Best Freight Broker Insurance Ideas. A surety bond in the amount of $75,000 is required by the fmcsa under 49 cfr part 387.307 for all licensed brokers of property. Which types of insurance should freight brokers have?
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Best for food & beverage logistics: Broker shield includes broad form contingent cargo insurance, coverage that is required when a freight broker assumes responsibility for lost cargo or damages that the motor carrier has not. Aligned works with 70+ top insurance companies to provide custom insurance packages at affordable prices.
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A freight broker bond can cost anywhere from $750 to $9,000 per year. Broker bond — the federal motor carrier safety administration (fmcsa) requires each freight broker to carry a surety bond in. Learn how to pick the right insurance coverage for your needs online at logistiq.
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Find the right freight broker insurance from aligned. A surety bond in the amount of $75,000 is required by the fmcsa under 49 cfr part 387.307 for all licensed brokers of property. Contingent cargo coverage that protects you for cargo loss, theft, and damage of the goods in transit.
