Freight Brokerage Business

A process agent is a representative to whom court papers might be served in an official action brought against a broker or transporter. Brokers should assign a process agent in each state where they keep an office or build up agreements.

4. Sort out for a trust fund or surety bond

All freight brokers are needed to have a $75,000 guarantee security or trust reserve. If a freight broker doesn't satisfy contracts with the transporter or carrier, this bond guarantees that the agent has the money or resources to cover the sum. Surety bonds can be gotten from an insurance agency, which will document the suitable administrative work with the FMCSA. DAT accomplishes with an insurance company that offers intermediary security at an extraordinary rate for DAT clients.

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