Developed in collaboration with Oliver Wyman, the program incorporates what Marsh describes as a “first-of-its-kind” underwriting technology tool that uses advanced analytics and proprietary algorithms to assess a freight broker’s complete contingent auto liability risk exposure.

Rather than relying on traditional underwriting factors such as broker–carrier agreements or revenue, BrokerSafe enables insurers to tailor coverage to each broker’s actual risk profile. Backed by a panel of A-rated U.S. insurers, the facility offers up to $5 million in primary limits, with an additional $5 million in excess capacity available from the London market.

Janelle Griffith, Marsh’s U.S. and Canada Logistics Practice Leader, said that “in today’s complex liability risk landscape, freight brokers are looking for sustainable, long-term freight broker auto liability insurance that enables them to manage their risks more effectively.” She added that BrokerSafe “is transforming the freight broker auto liability insurance market by providing clients and underwriters the data and insights they need to make informed risk transfer decisions.”