Insurance for freight brokers also known as 3PL’s is typically different from that of asset-based carriers because freight brokers are not licensed to operate motor vehicles. A typical freight broker will have a different type of insurance called contingent insurance. The most common coverages are contingent motor truck cargo, contingent auto liability, and general liability. Some freight brokers have now started purchasing actual cargo insurance instead of contingent. This type of policy is typically more expensive but no longer contingent on the coverage of the truck company. Freight brokers also a required to main a $75,000 surety bond.