The 60-second version
Shipbroker liability insurance covers legal liability from fixture broking errors, vessel misdescription, or commission disputes — returning NRIs acting as shipbroker need E&O cover before first fixture note.
Fixture note errors can void charter — shipbroker E&O covers broking negligence
Shipbroker liability insurance responds when fixture broking error causes charter loss, commission dispute, or vessel misdescription claim.
Returning NRIs brokering coastal or dry-bulk fixtures need E&O layer distinct from freight broker and ship agency policies.
Freight broker lane: freight broker guide for cargo booking layer.
Shipbroker stack
| Policy | Covers | Does not cover |
|---|---|---|
| Shipbroker E&O | Fixture / commission error | Hull damage |
| Freight broker | Cargo booking | Vessel fixture |
| Charter party | CP clause breach | Broking negligence |
| Ship agency | Port agency | Fixture negotiation |
Purchase flow
Fixture volume
Monthly CP count.
Vessel class
Bulk / tanker / coastal.
Get quotes
3+ insurers.
Bind policy
Before first note.
Commission terms
Standard broker clause.
Stack
Shipbroker kit
- Fixture template.
- Policy schedule.
- Commission agreement.
- Claim hotline.
- Baltic form library.
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Fixture note
Policy may require written fixture recap before binding — verbal fixture disputes harder to defend.
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Community signal
What to watch in real discussions
Search community threads for the exact phrase, then treat repeated complaints as risk signals rather than official advice.
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Turn this guide into a decision file
0 of 4 checked
vs freight broker?
Freight broker covers cargo booking; shipbroker covers vessel fixture broking.
vs charter party?
Charter party covers CP performance; shipbroker covers broking negligence.
GST?
18% GST on professional liability insurance premium.
Claim?
Preserve fixture recap, commission invoice, and principal correspondence within policy timeline.
Co-broker?
Verify policy covers split-commission disputes with co-broker.
Limit?
Match per-fixture and annual aggregate to typical hire value.
You've done the research. Now get the plan.
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