Trucking Insurance

Trailer Interchange insurance covers the legal liability of damage to trailers that are not owned by the trucking company.

Roadside Assistance or towing coverage helps get your truck on the road fast! This reduces down time and keeps you earning money. You can get truck and trailer coverage or just trailer coverage for tire changes and other roadside services.

Freight Broker Bonds: In order to get or renew their license, freight brokers and freight forwarders in the United States must get a freight broker bond. In the United States, freight broker surety bonds are required by the Federal Motor Carrier Safety Administration (FMCSA) to move property such as household goods or freight and motor cargo (vehicles). Their role is to guarantee that that freight brokers and auto transport brokers will operate according to their agreements with shippers and motor carriers.

If a freight broker or auto transport broker does not comply with their contract, the carrier or the shipper may file a claim. The three parties to the agreement are:

  1. Principal: the freight broker / auto transport broker
  2. Obligee: the party requiring the bond (FMCSA)
  3. Surety: the surety company

A freight broker bond is also known as a BMC-84 surety bond, trucking surety bond, transportation broker surety bond, or property broker bond. FMCSA uses the term “property broker” instead of freight broker.

Cited from https://en.wikipedia.org/wiki/Freight_broker_bond – Truckers highway use tax surety bond is a license and permit surety bond that guarantees the payment of taxes, fees, penalties and interest due to various states and the federal government by professional trucking companies operating certain motor vehicles on public highways and freeways.

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