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Wednesday, September 1, 2010

Freight Broker Insurance

Ellen Says: My friend Leo is a freight broker. As a freight broker he serves as a liaison between another individual or company that needs shipping services and an authorized motor carrier. Though he plays an important role in the movement of cargo, as a broker he doesn't function as a shipper or a carrier. Instead,he works to determine the needs of a shipper and connects that shipper with a carrier willing to transport the items at an acceptable price.

My hubby is quite interested in this kind of work that is why we asked him about the rudiments of it. According to him,before he become a freight broker, he gain experience in the industry by working for a shipper or carrier. In this way, as an aspiring broker he gain technical knowledge, as well as vital business contacts. He even enrolled in freight broker training courses.

"Freight brokers are also expected to carry freight brokers insurance to protect both their business clients and their customers from loss",he added. In many areas, freight brokers are required to carry surety bond as well.

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