My insurance agent just told me that I cannot broker my own freight. She said, "Insurance companies frown on that!" I asked her how they would know, and she said once they see you bought a surety bond they would know.
Is this true?
Why would the insurance companies care if my wife is at home brokering freight? It doesn't make sense. She probably would be brokering 80% for others, 20% for me, if that!
Any ideas?
Can I broker my own freight?
Discussion in 'Ask An Owner Operator' started by Natty Bro, Jan 26, 2022.
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You need a brokerage firm bond and insurance plus mc and dot needs to be for brokerage firm as well. On top of that you can’t find loads on the board and broker those off, as it’s called double brokering
401-Alex, wis bang, MOBee and 1 other person Thank this. -
Brokers license, hmm Ole lady
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Are you just planning to get loads from a load board and rebroker, or are you gonna get loads straight from the shippers?
401-Alex Thanks this. -
Aamcotrans, bzinger and Ffx95 Thank this.
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bumper Jack, wis bang, ProfessionalNoticer and 1 other person Thank this.
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ZVar Thanks this.
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Carrier411 - Co-Brokering vs. Double Brokering
https://www.google.com/search?q=is double brokering freight illegalBennysPennys Thanks this. -
Now that said, I'm not saying it's ethical or even a good idea. Just that it's not illegal.
bzinger and BennysPennys Thank this. -
Some will say it is capitalism at works and there is nothing wrong with someone to have enough salesmanship acumen and be smart and, perhaps, foxy enough to secure a bunch of loads and then resale them for a profit. I am sure that someone could also venture an explanation of double - brokering merits to the society. LOL again.
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