Cut Costs Smartly with Logistics Broker Insurance Cheatsheet

Types of Coverage Available

Logistics broker insurance typically includes several types of coverage, each addressing different aspects of the broker's operations:

- **Contingent Cargo Insurance:** This covers the broker in cases where the carrier's insurance fails to pay for a legitimate claim. It's an essential backup that ensures the broker is not left bearing the financial burden of a loss.

- **Errors and Omissions Insurance:** This protects against claims of negligence or failure to fulfill contractual obligations. It's crucial for brokers to have this coverage to defend against legal actions that can arise from misunderstandings or mistakes in the logistics process.

- **General Liability Insurance:** This provides coverage for bodily injury or property damage claims that may occur in the course of business operations.