Brokers vs Dispatchers and Importance of Insurance in the Freight Industry

This chapter delves into the distinctions between freight brokers and dispatchers, underlining brokers' autonomy in sourcing carriers and negotiating rates. It stresses the necessity of brokers being licensed to act as intermediaries representing shippers, handle money, and have insurance. The significance of insurance in the industry is emphasized, particularly in ensuring coverage for unpaid freight invoices and consulting specialized insurance brokers for adequate protection.