Freight Brokers’ Liability & Contingent Cargo

Designed to protect truck brokers in the event one of their contracted truckers has a coverage issue.

The freight brokerage market is poised to grow by $41.47B between now and 2024.

America's trucking industry is the lifeblood of the U.S. economy. In fact, nearly every good consumed in the U.S. is put on a truck at some point. As a result, the trucking industry hauled 72.5% of all freight transported in the United States in 2019, equating to 11.84 billion tons. The trucking industry was a $791.7 billion industry in that same year, representing 80.4% of the nation’s freight bill.

Truck and freight brokerage operations need coverage for the exposures presented when their clients’ policies fail to respond. Amwins Transportation Underwriters' Freight Brokers’ Liability & Contingent Cargo product helps to service this segment of the industry.. Our laser focus and specialty underwriting expertise help you, our retail partners, build your business year over year.  


Coverages


  • NEW! Freight broker auto liability (no annual aggregate; provides defense outside the limits because it covers the insured's legal liability)
  • Contingent auto
  • Contingent cargo
  • E&O
  • General liability


Requirements

  • ATU Freight Broker App
  • Sample Broker Carrier Agreement
  • List of Motor Carriers w/ DOT Numbers
  • Principal’s CV for risks with less than one year in business

Freight brokers' liability & contingent cargo
Key details


Availability

This program is available in all states


Limits

  • Freight Brokers
    • Up to $5,000,000 - Freight Broker Auto, GL,
    • Up to $1,000,000 - Professional (E&O)
    • Up to $500,000 - Contingent Cargo
  • Truck Leasing
    • $1,000,000 - Contingent Auto
    • $100,000 - Off-Lease Physical Damage


Carriers

Lloyds of London

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Contact Us

Libby Smith
Senior Vice President
Amwins Transportation Underwriters - Burlington, NC
336.538.2957 libby.smith@amwins.com