Regulatory Compliance and Insurance in Freight Brokerage
Wiki Article
Freight brokerage in the United States is regulated by the Federal Motor Carrier Safety Administration (FMCSA), which requires brokers to maintain a surety bond and verify the credentials of contracted carriers. A critical component of the shipping process is the "Bill of Lading," a legal document that records the vehicle's condition at both pickup and delivery.
In addition to the carrier’s cargo insurance, some brokers offer supplemental gap protection to cover deductibles or damages not addressed by the primary policy. When organizing