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How To: File Against A Broker's Bond

Posted by Genie Wood on Mon, Mar 11, 2013 @ 10:46 AM

In a recent poll conducted by Overdrive, 48% of owner-operators report having filed a claim on a broker's surety bond. The most high-profile filing incidents involve brokerages in trouble. If a broker is late on payment, odds are you’re not the only party who’s thinking about filing. If the broker closes and the broker’s bond limit doesn’t cover all debts, claims are paid on a “pro rata” basis – a percentage of what each carrier is owed. " href="http://www.tbsfactoring.com/news/how-file-against-broker%E2%80%99s-bond" target=_blank><more>

Tags: surety, file claim, BMC-85, broker bond, claim, BMC-84