Freight 360 Insurance For New Freight Brokers | Final Mile 126
Jan 20, 2026
They break down required broker bonds and common insurance types new brokers face. Listeners get a tour of single-load, first-position, and gap coverage options. The duo explains power of attorney use in carrier packets and when to bring in specialized attorneys. They also stress how faster responses win more freight and share practical tips to speed up operations.
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Meet The FMCSA Baseline First
- Get either a $75K freight broker bond or a $75K trust as the FMCSA baseline requirement.
- Do not assume FMCSA will require other certificates unless your customers ask for them.
Prioritize Carrier Coverage Over Broker Cargo
- Carry general liability (commonly $1M) and contingent cargo (commonly $100K) when customers require them.
- Verify carriers' active cargo insurance because contingent cargo rarely pays actual cargo losses.
Buy Coverage That Matches Customer COIs
- Match customer COI samples before buying expensive policies and only purchase what customers require.
- Work with an agent to shop underwriters and balance premium costs against customer needs.