Logistics Brokers Save Big With Insurance Renewal Review
Real-World Savings and Opportunities
According to industry reports, many logistics brokers have saved between 10% to 20% on their premiums by conducting regular insurance reviews1. These savings can be reinvested into other areas of the business, such as technology upgrades or employee training, further enhancing operational efficiency and competitive advantage.
Moreover, some insurance providers offer discounts for brokers who implement risk management strategies, such as driver safety programs or advanced tracking technologies. These initiatives not only reduce the likelihood of claims but also demonstrate to insurers that you are proactive in managing risks, which can lead to more favorable terms.