What kind of insurance can you get with freight brokers?

When you decide to ship your products with a freight broker you will want some form of coverage to ensure your product not only arrives at the destination but arrives safely and in a timely manner which is why so many freight brokers will offer some form of insurance or coverage to set their clients’ minds at ease. So, what kind of insurance might you get with your Melbourne based freight broker? Please keep in mind that the coverage you can receive will vary from broker to broker and this list is meant as a mere guideline to help you see what is available out there.

• A good freight broker will insure your cargo – this will protect you from fraudulent drivers who lie and would steal the cargo. Be sure to be upfront with your broker about the value of your shipment.
• Bonds – there are different types of bonds that the freight broker will carry. One such bond is known as the Surety Bond and this bond is mandated in order to legally become a freight broker and operate their business. There are other bonds out there as well that the broker may carry that will protect your cargo, as well as the broker and their transport service.

If you want a more thorough list of what is covered in your freight broker’s insurance on your cargo be sure to ask them and besides just asking them get it in writing what will be covered and what won’t be covered when you have it in writing you have something to back you up in the situation where something would happen, but hopefully that won’t ever be the case. But as they say, it is better to have insurance and not need it than to need it and not have it.