Until recent, the $75,000 surety bond required by Oct 1st was seen as a requirement that could put thousands of freight brokers out of business. While the bond market has softened, allowing anyone who wants a bond to qualify without collateral, a $75,000 bond premium can get costly. In this article we will identify how to avoid associated costs you may not be aware of and possibly offset your bond costs completely through other savings.
Surety Bonds Blog
MAP-21, the multi-faceted legislation that addresses highway funding and safety includes controversial provisions that will forever change the trucking industry in October. While some language is subject to interpretation, it… Read more »
Passing a new bill through the Congress is not an easy task, but it seems that the Security in Bonding Act of 2013, also known as H.R. 776, has good… Read more »
Since the enactment of MAP-21, there has been a lot of confusion on what options freight brokers have and the differences amongst them. The confusion stems from inaccurate information flooding the… Read more »
When you are developing your business in the construction field in Texas, you quickly learn that you have to play by many rules. If you are a newbie, it is… Read more »
UPDATE: JW Surety Bonds now has a bond program to handle the $75K freight broker bond, created in an attempt to help the small brokers the AIPBA represents. We believe… Read more »