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Commodity brokers are members of recognized commodity exchanges who are involved with buying and selling commodity contracts for their own accounts as well as futures contracts for their clients. In a commodities exchange, commodity brokers facilitate the trading of commodities and financial instruments between two individuals or entities.

General Liability Insurance for Commodity Brokers – Customers could suffer from injuries on commodity brokers’ properties if sites are not well maintained. Possible locations for injury include floors, stairs, elevators, parking lots and sidewalks. Personal injury lawsuits from customers could arise in the event that confidential information is released to unauthorized parties. 

Workers’ Compensation Insurance for Commodity Brokers – Workers could suffer from injuries in the event of a holdup at a commodity brokers exchange office. They could also suffer from injuries due to everyday tasks that require repetitive movement.

Business Auto Insurance for Commodity Brokers – Commodity brokers may use hired and/or non-owned automobiles to conduct business, and in that case, there would be a risk of automobile accidents. If the business owns vehicles, risks can be lowered if the vehicles are late model private passenger sedans and if an outside contractor performs regular vehicle inspection and maintenance. When employees use their own vehicles for travel, their MVR's should be checked and verified for acceptability and they should be required to carry a Personal Auto policy with minimum Auto Liability limits of at lease $300,000 combined single limits.

Property Insurance for Commodity Brokers – The offices of commodity brokers are at risk of fires, just as any other office would be. It is critical that off premises copies should be maintained for all customer files and other important documents. The best way to do this is through electronic imaging. In addition, off premises computer backups should be maintained on a daily basis for software and data on all computer servers including email and web servers. The backup systems should be regularly tested to make sure that they are working properly. Theft from outsiders also poses a high risk of damage to the properties of commodity brokers.

Crime Insurance for Commodity Brokers – The high potential of theft, from dishonest employees as well as outsiders, places the money handled by commodity brokers at risk. Burglary risk of money and securities can be reduced by the use of double cylinder deadbolt locks, bars around low visibility windows, adequate outside lighting, closed circuit TV cameras, and a central station alarm system with the installation of contact point triggers on all opening doors and windows as well as glass break detectors and motion detectors. Computer fraud is another common cause of monetary loss.