Transform logistics brokerages' future with must-have insurance secrets
The Financial Implications and Benefits
While insurance represents a significant investment, the cost of not having adequate coverage can be far greater. The average cost of general liability insurance for small businesses ranges between $400 and $600 annually, depending on the coverage limits and business size1. Cargo insurance costs can vary widely based on the type and value of goods being transported, but the protection it offers is invaluable.
Investing in comprehensive insurance coverage can lead to long-term savings by reducing the financial impact of claims and lawsuits. Additionally, having robust insurance can enhance your brokerage's reputation, making it more attractive to potential clients who value security and reliability.