Carriers who do not receive payment from freight brokers for contracted services can file a claim upon the broker’s surety bond. Read about filing a claim here.
Credit this, credit that. It's nearly impossible to escape the credit conversation, especially as a new contractor. This blog post explains what credit is and why it's absolutely essential to have a good credit score as you start your construction career.
House Bill 2922 being passed means that the Oregon Construction Contractors Board will be increasing all surety bond limits for contractors. Read more here.
The BMC-84 Freight Bond serves as a critical tool to protect carriers from non-payment, but when claims arise, the impacts are far-reaching for the broker.