Do Carriers/Truck Drivers care what surety bond company a freight broker has?

I am going to open a freight brokerage and my last step is to get bonded, with the BMC-84 surety bond or BMC-85 Trust.

From a truck driver or carrier perspective, does having one or the other hold any more or less legitimacy and assurance in their mind?

Or does it not matter to them whether you have the BMC-84 or BMC-85?

And on top of that if their is in fact a preference, is their any particular surety or trust company that stands out, that carriers unilaterally trust and can count on to haul freight for a new broker . .

Thanks for any helpful thoughts.

 

Hi Big Daddy,

I understand the difference between the two. I'm just curious if a truck driver sees a load posted and wants to do business with a broker, does he or she check to see the bonding the broker has? Or does it not matter . . .

 

Lol you still don't understand my question. All I'm asking is if a carrier cares or not on whether the broker has the 84 or 85. Is the 84 preferable? The 85? Or does it not matter AT ALL? And if does matter, is there a particular surety or trust company carriers respect more than others.

 

6wheeler,

That's a good point. You've been in the industry longer than I have. Who is typically responsible for damaged freight? The shipper or the carrier? Also, do shippers have insurance for their cargo or do they solely rely on carriers and brokers insurance policies . .