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BrokerSafe

An exclusive insurance facility for US freight broker clients seeking to improve their risk profiles and access more stable and affordable freight broker auto liability coverage.
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Freight brokers

Access sustainable, long-term freight broker auto liability insurance that enables you to manage your freight broker auto risk more effectively.

Underwriters

Access the comprehensive and data-driven insights needed to offer bespoke coverage aligned with the true risk exposure of freight brokers.

A complex risk landscape for freight brokers

Freight brokers serve as vital intermediaries between cargo owners and truckers, leveraging their vast networks of shippers, assigning loads to truckers, and facilitating the smooth transportation of goods. However, a freight broker’s position as the intermediary presents challenges in effectively managing liability and transferring risk, especially if their truckers have not been thoroughly vetted.

The issue of freight broker auto liability has become even more difficult in light of the rise in auto collisions with jury awards of above US$10 million, also known as nuclear verdicts. The increased risk of high jury awards may impact the availability of adequate coverage limits, as insurers may be hesitant to provide the coverage an insured requires or the cost may become financially burdensome for policyholders. Unfortunately, freight brokers can be held liable for the actions of the truckers they work with, which could lead to significant financial and reputational damage.

Complete the form below to discover how providing a solution like BrokerSafe can safeguard both you and your clients.

Key benefits of BrokerSafe

By providing data-driven visibility into freight broker risk, BrokerSafe can help underwriters better understand freight brokers’ risk profiles and secure more favorable coverage and pricing for auto liability coverage. The strategic advantages include:

  • Enhance risk management: BrokerSafe’s proprietary algorithm accounts for a multitude of variables to help evaluate the true, underlying risks you face. By knowing more about your potential exposures, you can more efficiently manage this risk.
  • Visibility and data: BrokerSafe uses data from a top-tier analytics provider to pull information from active or authorized carriers, offering a clearer snapshot of, and transparency into, a freight broker’s risk. These insights can help you make better informed decisions about how to transfer this risk.
  • Bespoke underwriting: By utilizing BrokerSafe’s proprietary analytic models and data insights, we can provide underwriters with a clearer and more detailed understanding of potential risk exposures. This helps instill confidence in underwriters, making it easier for you to secure more tailored coverage.
  • Competitive pricing: The BrokerSafe platform also provides comprehensive insights that help reveal a freight broker’s commitment to holistic risk management and safety practices. This can lead to more favorable terms and pricing for freight broker auto liability coverage, and ultimately more cost-effective protection for your business.

Why Marsh

At Marsh, our dedicated logistics risk team specializes in customized, innovative products designed specifically to cover the activities and operations of our logistics customers. We continue to drive innovative, blended solutions across the core coverage lines to ensure complete coverage and cost efficiency.

In addition to our placement expertise, our cargo claims advocacy team offers a range of services beyond traditional claims handling. We help you reduce costs and maximize efficiencies in casualty and property claims, before, during, and after a loss. Through our range of claims services, we have the skills and resources you need to meet your claims scenario, however large or complex.

Fill out the form below to find out how offering a solution like BrokerSafe can protect you and your clients.

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Customized quartertly risk reports for direct trucker selection, created with the goal of empowering shippers to make safer, more cost-effective choices that may reduce liability exposure and optimize supply chain performance.

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Our people

Janelle Griffith

Leader, North American Logistics Practice

  • United States

Manish Bissa

National Transportation and Logistics Leader, Marsh Canada

  • Canada

Rafaela Bustamante

Senior Vice President, Marine, Cargo & Logistics

  • United States

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