How to file a claim on a brokers bond for non-payment

what broker is it, most will hold check for 30-45 days. what is the pay terms in the broker contract you signed.

 

I would not be to concerned about 25 days but when I have filed all you need to do is call the bond company and they will send you a form to fill out and everything they need you to send back to them to file.

 

If you post and MC number I will tell you who the bond holoder is right now and you can call them in the AM otherwise you can find the bond holder yourself by looking them up on "Safersys".

25 days is no big deal though. The brokers lie all the time like that just to get the POD faster, so they can get paid faster. Problem is the broker has very little say over what accounts payable does. First thing to do is call accounts payable and tell them the story. They might require originals.

 

Not sure what bond company is going to take you serious.

 

Like everyone said you need more time. Thirty day billing cycles are normal just like you pay bills. Then there is a grace period of 10-14 days. After that I would be concerned but not before. If they are a small outfit they might not release payment until they get paid.

But to retrieve ones bond info do like rank says and go here and pull them up. Then on the top right you will see the insurance link that gives you all the pertinent contact info.

http://safer.fmcsa.dot.gov/companysnapshot.aspx

 

And then you call the bond company and tell them you want to file a claim. Many have automated systems to help with the process.

 

Just a word of advice...make sure you have your ducks in a row and are presenting the truth.

More than once when I have called the bondholder and he has told me "Hold on the line I will call the broker right now." He got the broker on the phone with us and we hashed it out on a conference call. If I had been misrepresenting the situation...or if I had not exhausted other reasonable means before calling the bondholder..... I would have looked like an idiot.

 

I use to handle the collection of surety bonds. They will pay out and then send it their attorneys to collect from the bond holder.