Marsh launches BrokerSafe

Marsh announced the launch of BrokerSafe, an exclusive insurance facility for US freight brokers seeking access to more stable and affordable freight broker auto liability coverage.

Created in conjunction with Oliver Wyman, BrokerSafe leverages a “first-of-its-kind” underwriting technology tool that uses advanced analytics and proprietary algorithms to comprehensively assess a freight broker’s full contingent auto liability risk exposure. Armed with this enhanced visibility, BrokerSafe insurers can offer freight brokers bespoke contingent auto liability coverage aligned to their true risk profile rather than traditional underwriting methods like broker-carrier agreements or revenue figures.

Backed by a panel of A-rated US insurers, BrokerSafe offers up to $5 million in primary limits and an additional $5 million in excess capacity available from the London market.

“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. With BrokerSafe, Marsh and Oliver Wyman are 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.” – Janelle Griffith, US and Canada Logistics Practice Leader, Marsh.