Freight Brokerage Insurance
FMCSA bonds, contingent cargo, E&O, and full brokerage coverage for Oregon freight brokers.
Complete Insurance for Oregon Freight Brokers
Freight brokers face unique liability exposures — from cargo claims and professional errors to regulatory compliance requirements. As an independent agency working with 50+ carriers, Insure Pacific builds comprehensive brokerage insurance packages that satisfy FMCSA requirements, shipper certificate demands, and protect your business from the risks that come with arranging freight transportation.
Freight Broker Coverage Options
A complete freight broker insurance program typically includes several layers of protection tailored to your brokerage operations and volume.
Freight Broker Surety Bond (BMC-84)
The FMCSA requires all licensed freight brokers to maintain a $75,000 surety bond or trust fund. This bond protects shippers and carriers if the broker fails to pay freight charges or meet financial obligations. Without it, your broker authority will be revoked.
Contingent Cargo Liability
Protects your brokerage when the motor carrier's cargo insurance fails to respond — due to policy exclusions, carrier insolvency, or denial of the claim. Typical limits range from $100,000 to $250,000 per occurrence. Many shippers require this coverage on your certificate of insurance.
Errors & Omissions (E&O)
Also called Professional Liability, E&O covers claims arising from mistakes in your brokerage operations — booking the wrong carrier, scheduling errors, failure to verify carrier credentials, or miscommunication that results in a cargo loss or delivery failure.
General Liability
Covers third-party bodily injury and property damage claims arising from your brokerage operations. Essential if you have an office, meet with clients in person, or have any physical business presence. Often required by shippers and partners as a condition of doing business.
Commercial Auto
Required if your brokerage owns or operates any vehicles. Covers liability and physical damage for company-owned trucks, vans, or cars used in your business operations. Even a single company vehicle requires a commercial auto policy — personal auto policies exclude business use.
Cyber Liability
Freight brokers handle sensitive shipper and carrier data, payment information, and logistics systems. Cyber liability covers costs from data breaches, ransomware attacks, and system failures — including notification costs, credit monitoring, and business interruption losses.
Surety Bonds for Freight & Transportation
Insure Pacific issues surety bonds for freight brokers, customs brokers, ocean freight forwarders, and NVOCCs. We work with A-rated surety companies to provide fast bond issuance — often same-day or next-day — at competitive rates based on your credit profile.
- FMCSA Freight Broker Bond (BMC-84) — $75,000 required
- FMCSA Trust Fund Agreement (BMC-85) — alternative to bond
- Customs Broker Bond (CBP Form 301) — for licensed customs brokers
- FMC Ocean Freight Forwarder Bond — $75,000 for FMC licensees
- NVOCC Bond (FMC-69) — $75,000 for non-vessel operating carriers
- Motor Carrier Broker Bond — for combined broker/carrier operations
Why Freight Brokers Need Proper Coverage
Freight brokers sit at the intersection of shippers and carriers — and when cargo is lost, damaged, or delayed, both sides may look to the broker for compensation. Without proper E&O and contingent cargo coverage, a single large claim can threaten your entire brokerage. Oregon brokers also face increasing shipper requirements for higher liability limits on certificates of insurance.
Average freight claim in the U.S. exceeds $50,000 — and broker E&O claims regularly reach six figures. Don't leave your brokerage exposed.
Why Choose Insure Pacific for Freight Broker Insurance?
Many freight brokers discover coverage gaps only after a claim — when it's too late. Our transportation insurance specialists understand the FMCSA requirements, shipper certificate demands, and the specific risks of the freight brokerage industry. We take the time to build a complete program that protects your license, your clients, and your business.
- Independent agency — we compare 50+ carriers and bond markets
- Freight, transportation, and logistics insurance specialists
- Fast bond issuance — same-day or next-day in most cases
- Bundled packages: bond + E&O + contingent cargo + GL
- Oregon-based agents who understand Pacific Northwest freight markets
- Annual reviews to keep pace with your growing brokerage
Get a Free Freight Broker Insurance Quote
Tell us about your brokerage — annual freight volume, number of carriers used, current coverage — and we'll build a competitive package that satisfies FMCSA requirements and shipper certificate demands. No obligation, just honest advice.
Get a Freight Broker QuoteFreight Broker Insurance: Key Facts
Understanding the numbers helps Oregon freight brokers make informed coverage decisions.
Freight Broker Insurance FAQ
What insurance does a freight broker need in Oregon?
Oregon freight brokers registered with the FMCSA must carry a $75,000 surety bond (BMC-84) or trust fund (BMC-85) as a federal requirement. Beyond that, most brokers need Contingent Cargo Liability ($100,000+), General Liability, Errors & Omissions (Professional Liability), and Commercial Auto if they own vehicles. Insure Pacific can help you build the right package.
What is contingent cargo insurance for freight brokers?
Contingent cargo insurance protects a freight broker when the carrier's cargo insurance fails to respond — for example, if the carrier is uninsured, underinsured, or denies the claim. It is a secondary layer of protection that many shippers require brokers to carry. Typical limits are $100,000 to $250,000 per occurrence.
How much does freight broker insurance cost in Oregon?
Freight broker insurance in Oregon typically costs $1,500–$5,000 per year for a basic package including E&O, contingent cargo, and general liability. The FMCSA-required $75,000 surety bond adds roughly $500–$1,500 per year depending on your credit. Insure Pacific shops multiple carriers to find competitive rates for Oregon freight brokers.
What is the FMCSA surety bond requirement for freight brokers?
The Federal Motor Carrier Safety Administration (FMCSA) requires all licensed freight brokers to maintain a $75,000 surety bond (Form BMC-84) or a trust fund agreement (Form BMC-85). This bond protects shippers and carriers if the broker fails to pay. It is a licensing requirement — without it, your broker authority will be revoked.
Get in Touch
Ready to protect what matters most? Contact us today for a no-obligation insurance review. Our experienced agents are here to help you find the right coverage for your needs.
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