Are You Paying Too Much for Your Broker Surety Bond?

Are you paying too much for your broker surety bond?

If your bond is up for renewal, take a few minutes to research the alternatives to your current provider. You might qualify for a lower rate.

When the MAP-21 Act of 2013 increased the bond requirement from $10,000 to $75,000, a lot of freight brokers had to scramble to increase their bond before the October 1 deadline. Many brokers started the new bond term in September of that year, and they’re coming due for renewal now.

If you didn’t have time to shop around, here is some good news: DAT has arranged with a top provider of broker surety bonds, who is offering special rates exclusively for DAT customers:

• A-Rated Surety Bond – DAT has partnered with Integro insurance brokers, the nation’s eighth largest private insurance brokerage with offices throughout the U.S., Canada and the U.K. Integro’s surety bond is rated “A” (excellent) by A.M. Best.
• Discount for DAT Customers – Integro offers a special rate for DAT customers, to make the premium more affordable.
• No Collateral Required – As a courtesy to DAT customers, Integro will waive requirements for initiation fees, collateral and financial statements for those who qualify.

For more information and a quote, using your DAT customer discount, please visit Integro’s DAT broker bond web page.

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