Is your broker bond coming up for renewal on October 1? You're not alone. According to Adam Green of Integro Insurance Brokers, around 90% of his freight broker customers renew their bond on October 1 because that was the date the minimum bond requirement increased from $10,000 to $75,000 four years ago. They start calling him about renewal at this time of year.
If you think you're paying too much for your broker bond, consider getting a quote on the DAT Broker Bond. It has several advantages over other bonds, including:
- A-Rated Surety Bond – The DAT Broker Bond is offered through Integro, the nation’s eighth-largest private insurance brokerage. Integro has offices throughout North America. Integro’s surety bond is rated “A” (excellent) by A.M. Best.
- Discount for DAT Customers – Integro offers a special discounted rate for DAT customers, to make premiums more affordable.
- Quick and easy application process - Qualified customers do not have to submit corporate financial statements, income statements or balance sheets.
- No Collateral Required – As a courtesy to DAT customers, Integro will waive collateral requirements for those who qualify.
Integro makes the application process as seamless as possible for DAT customers, according to Green. "Most customers can fill out the application in a matter of minutes, without digging up a lot of paperwork," he said.
To get a quote as a DAT customer, call Integro at 617-531-6270 or visit Integro’s DAT Broker Bond application page.
Categories: Broker News