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Surety Bonds

Discussion in 'Ask An Owner Operator' started by MayberryXpress, Mar 28, 2007.

  1. Mar 28, 2007 #1
    MayberryXpress

    MayberryXpress Bobtail Member

    1
    0
    Jul 24, 2006
    Mayberry RFD, NC
    0
    Ive owned several trucks over the Years and am Currently with a Company is West Fargo, ND, Which I have been Leased to for 3 years, I am going to go all balls in and get my own authority. I know all required to do so but one thing. Do you haft to have a Surety Bond I know its required for ICC Brokers. If not Federaly required does Brokers such as CH Robertson require it.
     
    MayberryXpress, Mar 28, 2007
    MayberryXpress, Mar 28, 2007
    #1
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  3. Apr 3, 2007 #2
    TurboTrucker

    TurboTrucker Road Train Member

    861
    276
    Feb 23, 2005
    Rossville, Georgia
    0
    In the normal course of business as an owner/operator in the general freight arena, no...you will not need a surety bond, but if you were to enter into a contract with the Government, or where the freight hauled is extremely high in value, that may be a requirement that a shipper or broker will have.

    Keep a good cargo insurance policy in place with a deductible that you can well afford, and that will cover just about everything, and always....ALWAYS be aware of the value of the freight you are hauling. Don't exceed that value limit of your cargo insurance...ever.
     
    TurboTrucker, Apr 3, 2007
    TurboTrucker, Apr 3, 2007
    #2
  4. Mar 16, 2010 #3
    joecitizen

    joecitizen Light Load Member

    242
    38
    Mar 15, 2009
    Tucson, AZ
    0
    any recommendations on a company where i can obtain a surety bond?
     
    joecitizen, Mar 16, 2010
    joecitizen, Mar 16, 2010
    #3
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