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2. Freight broker bond - Wikipedia

   en.wikipedia.org/wiki/Freight_broker_bond

   Principal: the freight broker / auto transport broker. Obligee: the party requiring the bond (FMCSA) 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.

3. Auto transport broker - Wikipedia

   en.wikipedia.org/wiki/Auto_transport_broker

   The chief among them is raising the minimum broker bond from $10,000 to $75,000. The new provision goes in force on October 1, 2013, and has applied to all existing brokers retroactively. The BMC-84 Freight Broker Bond is paid for on an annual basis. The freight broker bond cost is figured as a percentage of the bond amount depending on

4. Freight company - Wikipedia

   en.wikipedia.org/wiki/Freight_company

   In order to obtain a license to broker freight, a freight brokerage must purchase a surety bond or trust agreement with the Federal Motor Carrier Safety Administration (FMCSA). Prior to June 2012 when the bill was signed by President Obama, the surety bond coverage required to hold a broker license was $10,000.

5. Surety - Wikipedia

   en.wikipedia.org/wiki/Surety

   Surety. In finance, a surety / ˈʃʊərɪti /, surety bond, or guaranty involves a promise by one party to assume responsibility for the debt obligation of a borrower if that borrower defaults. Usually, a surety bond or surety is a promise by a surety or guarantor to pay one party (the obligee) a certain amount if a second party (the principal ...

6. More Freight Brokers Dragged Into Carriers' Personal Injury ...

   www.aol.com/news/more-freight-brokers-dragged...

   It turns out that $1,000,000 isn't enough for some plaintiff's attorneys. Plaintiffs' attorneys have been suing freight brokers for years over alleged negligent selection and vicarious liability ...

7. Insurance - Wikipedia

   en.wikipedia.org/wiki/Insurance

   Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to protect against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an ...