driver bonds

Discussion in 'Experienced Truckers' Advice' started by aztrucker11, Feb 10, 2011.

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  1. Bumpy

    Bumpy Road Train Member

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    So bonded...is a synonym for insurance??
     
    Bumpy, Feb 10, 2011
    #11
  2. aztrucker11

    aztrucker11 Light Load Member

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    just got this email from KTS

    As you have stated in ur earlier message about being burned... We too have been burned by drivers if a driver has a security deposite it is much more likely they will return the equipment and take care of it. It is a lot like a deposit when you rent an apartment.
     
    aztrucker11, Feb 10, 2011
    #12
  3. 123456

    123456 Road Train Member

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    Basically an escrow .................
     
    123456, Feb 10, 2011
    #13
  4. Lilbit

    Lilbit Road Train Member

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    Basically since business insurance doesn't cover theft by employees on property that is not owned/rented by the company.

    So it's basically a security deposit. Why don't they just call it that?:biggrin_25524:
     
    Lilbit, Feb 10, 2011
    #14
    Bumpy and formertaxidriver Thank this.
  5. 123456

    123456 Road Train Member

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    123456, Feb 10, 2011
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  6. 123456

    123456 Road Train Member

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    No way Jose !!!!!!!
     
    123456, Feb 10, 2011
    #16
  7. 123456

    123456 Road Train Member

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    Owner operators put up an escrow/deposit.

    A company driver shouldn't, you'd never see a penny of it returned in most cases.
     
    123456, Feb 10, 2011
    #17
  8. Bumpy

    Bumpy Road Train Member

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    OK Then,I am gonna Bond outta here,James Bond (ed):biggrin_255:
     
    Bumpy, Feb 10, 2011
    #18
    Lilbit Thanks this.
  9. striker

    striker Road Train Member

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    If they are talking a security deposit, like with an apt. or similar, no ##### way. Unless they are putting everything in writing as a contract that you can have inspected by YOUR legal counsel.
     
    striker, Feb 13, 2011
    #19
  10. blackw900

    blackw900 The Grandfather of Flatbed

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    Kelle Simon...Dick Simons kid.


    Run away!
     
    blackw900, Feb 13, 2011
    #20
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