Freight Agent Insurance

Huh, that’s interesting. I don’t see why they would have too, but it may not be a bad idea especially once they get some serious volume going. If they are on a 1099 then as far as I know your insurance wouldn't cover them. In case of an accident chances are they wouldn’t be named, but chances are if it was real bad they may. At most I’d think general liability would do the trick. The others are more relevant to the authority holder.

I don’t have agents, I’ll be interested to see what others insights are.

 

I have very little brokerage experience but a ton of trucking and some large operations and insurance companies require contingent cargo for broker's...

Starting out in time you will learn what is not necessarily an expense.
Most claims that I have seen settled 90% by the truckers cargo coverage.

 

You're talking to an insurance company. You need everything that they sell. It's a must, can't live without it. LOL. Never seen a company that requires agents to have any type of insurance

 

Hi, being in a similar situation, I went with general liability and also added Errors and Omissions Insurance from Errors and Omissions Insurance for Consultants | LiabilityCover.ca to it, just to be sure. For the moment, I don't know if it was a worthy investment, remains to be seen I guess. One thing I can say for sure, despite the fact that I spent a lot more than I initially intended, I definitely feel a lot calmer now. Insurance never hurt anyone, learned that when I had bought my first car and smashed it into a a tree with o insurance .