BNSF Railway Company Bond

BNSF Railway Company Bond

To be an intermodal shipper for Burlington Northern Santa Fe (BNSF) Railway Company, a BNSF Railway Company Surety Bond Covering Credit for Transportation Charges (BNSF Railway Company Bond) is required. The intent of the surety bond is to hold shippers financially accountable when they purchase and use transportation services or trailer use privileges from Burlington Northern Santa Fe.

APPLY FOR YOUR BOND

Through the surety bond, Jet Insurance Company is providing a guarantee to Burlington Northern Santa Fe that the intermodal shipper will follow all rules and policies when using the railway company’s infrastructure, equipment, and railroad services. The bond ensures restitution is available should the shipper fail or refuse to pay all due fees in full and on time.

What Is the Bond Amount and Cost of the BNSF Railway Company Bond?

The Burlington Northern Santa Fe Railway Company Bond amount is determined by the Interchange Agreement Manager and is typically based on the scope of BNSF services and infrastructure the applicant is seeking to use. The minimum bond limit is $100,000. 

BNSF Railway Company may increase the required bond limit if there is a substantial change in the Shipper’s ownership. A change is considered substantial when more than 25% of the shipper’s ownership is transferred to others (new owners).

BNSF Railway Company can also raise the required bond limit by 25% at any time if more than twenty-five percent of the intermodal shipper company is transferred to new owners. 

At Jet, the cost of the surety bond is a small percentage of the bond amount and is based on the personal credit score of the applicant. For higher bond limits, business financial information of the shipper may also be needed. Once you have submitted your online application, a Jet underwriter will conduct a quick review. If further details are required, we will contact you by phone right away. As soon as this process is complete, you will receive approved rate options for monthly, annual, and multi-year bond terms that are available for immediate purchase.

The BNSF Railway Company Bond Process With Jet

Jet acts as a direct surety provider so you won’t have to deal with an elongated application process through multiple agents. Simply fill out the required information through our online system and we’ll get you your approved rates quickly! 

Information that we will need includes your contact details, required bond amount, and social security number for a soft credit check. After submission, the completed application will then be reviewed by a Jet underwriter. You will receive approved rate options for monthly, annual, and multi-year bond terms. Simply choose the best option for your business and fulfill the payment. You’ll then receive a copy of your bond and receipt instantly.

The Jet team can file your bond for you at no additional cost! However, if you would prefer to file the bond form yourself, this option may be selected at checkout. The original signed and sealed BNSF Railway Company Bond must be sent to BNSF’s Kansas office as their Credit Department manages all submissions regarding surety bonds and Equipment User Agreements from applicants within the United States. 

Please refer to the following BNSF Railway Company mailing address:

BNSF Railway Company
Attn: Credit Department
920 SE Quincy Street
Topeka, KS 66612

You may be tempted to send in your surety bond to a BNSF Railway Company office that is local to your State, but this wouldn’t be the best option. Your paperwork would then have to be forwarded to the Department’s Kansas office for approval which would cause delays for you and your company. It is best to send all documents directly to the Kansas mailing address listed above.

The BNSF Railway Company Surety Bond is continuous, therefore it will need to be renewed with Jet to keep your Equipment User Agreement with Burlington Northern Santa Fe in good standing.

If you are enrolled in Jet’s monthly plan, you won’t have to worry about renewing. Your surety bond will remain active as long as payments are made. As for those who purchased an annual or multi-year bond term, Jet will send you a renewal invoice prior to your expiration date by mail and email. Just complete the standard payment due and your bond will stay active with BNSF for another term. 

You may cancel your Railway Company Surety Bond with Jet for whatever reason and at any time. We only require that you send us a written cancellation request to our team at [email protected], and once received, we will begin the process. A termination notice will be sent to BNSF Railway Company Interchange Agreement Manager. The liability of the bond will then be released within 30 days of the notice. 

Our monthly plan enrollees will be required to make one last payment during the 30-day grace period as the bond is technically still active during this time. No future payments will occur once this step has been completed. As for refunds, if you paid for a multi-year bond term and are choosing to cancel early, Jet will review your account for any unused premium. If any is available, you will receive a reimbursement for such once your bond has been officially cancelled. 

How Does an Intermodal Shipper Avoid BNSF Railway Company Bond Claims?

Once an Equipment User Agreement has been entered into by an intermodal shipper, the company and its employees are expected to comply with all applicable regulations pursuant to the BNSF Intermodal Rules and Policies Guide. Failure to abide by the official agreement and guide may lead to a terminated contract with BNSF Railway Company, large fines, civil action, and/or a bond claim.

Claims on the BNSF Railway Company Bond typically only occur if the shipper is more than 30 days late on a services payment or causes damages to the infrastructure/property of the railway company and refuses to resolve the issue. Burlington Northern Santa Fe has the right to obtain payment for such violations via a claim on the surety bond. 

It is in your best interest to avoid making these mistakes or to simply try and work out any problems with BNSF Railway Company directly before penalties such as a bond claim are pursued. 

Once a claim has been formally filed, the Jet team only has 15 days to review and investigate the alleged violation before either an official claim payment is made to BNSF Railway Company or notice is sent that the claim had been deemed unjustifiable. Therefore, please be ready to provide our team with all applicable information and documentation regarding the violation as soon as you receive a claim notice. 

Per the bond form, Jet is legally required to pay all justified claims up to the bond’s limit (such payouts will never exceed the bond amount). You, the owner of the intermodal shipper, are responsible for your own actions and the actions of your employees, and therefore must reimburse Jet for claim payouts made on behalf of your committed transgression(s). An omission to complete this requirement may lead to future difficulties obtaining surety bonds. 

BNSF Railway Company Bond Form

Notary Bond Application:

X

Business Information:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Employee Dishonesty Bond Application:

Business Information:

Business Description:

Coverage Requirements:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Contract Bond Application:

X

Business Information:

Owner Information:

Job Details:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Worker's Compensation Application:

X

Business Information:

Business Description:

Coverage Requirements

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information: