# PFA Transportation Insurance & Surety Services > What You Need. When You Need It. --- ## Pages - [Home - CM Edit](https://pfaprotects.com/): Secure your transportation operations with PFA Protects, experts in surety bonds that guarantee compliance, safety, and reliability in the freight brokerage sector. - [BMC-84](https://pfaprotects.com/surety/bmc-84-bonds/): Secure your freight brokerage and stay compliant with a BMC-84 surety bond through PFA Transportation Insurance and Surety Bonds. - [BMC-85](https://pfaprotects.com/surety/bmc-85-trust/): BMC-85 surety trust fund agreements cover freight brokers' $75,000 financial responsibility requirement under the FMCSA. - [Mission and Values](https://pfaprotects.com/mission-and-values/): PFA Protect is fueled and driven by our mission and vision statements that have positioned us as leaders in the transportation surety industry. - [Request A Quote](https://pfaprotects.com/learn-more/): PFA Protects offers competitively priced transportation insurance and surety services. We are your go-to for BMC 84 & 85 bonds. - [PFA Protects: White Papers](https://pfaprotects.com/white-papers/): Get an extensive and comprehensive overlook of everything you need to know about transportation insurance and freight broker authority. - [PFA Protects Podcast](https://pfaprotects.com/pfa-protects-podcast/): The PFA Protects team releases episodes of our podcast discussing transportation surety, broker authority & everything else you want to know. - [BMC-84 & BMC-85
Claims Submittal](https://pfaprotects.com/surety/bmc-84-bmc-85-claims-submittal/): Submit your claim for a BMC-84 or BMC-85 trust agreement with Pacific Financial Association (PFA) for your transportation surety needs. - [Frequently Asked Questions (FAQs)](https://pfaprotects.com/faq/): Get your questions answered for your freight forwarder, freight brokerage, shipping and logistics business by PFA Protects. - [Privacy Policy - Terms & Conditions](https://pfaprotects.com/privacy-policy-terms-conditions/): PFA Protects values privacy and are committed to protecting the privacy and confidentiality of your personal information. - [California Privacy Policy](https://pfaprotects.com/ca-privacy-policy/): PFA explains our compliance with the California Consumer Privacy Act and the additional rights afforded to residents of California. - [Archives](https://pfaprotects.com/archives/): PFA Transportation is committed to providing education and resources about transportation insurance and surety services. - [Commercial Surety Bonds](https://pfaprotects.com/commercial-surety-bonds/): PFA Protects offers reliable surety solutions to protect your business with commercial surety bonds and ensure compliance. Surety made easy. - [PFA TV](https://pfaprotects.com/pfa-tv/): PFA has produced helpful talks with some of the leading experts in the transportation surety industry about best practices and updates. - [The PFA Referral Program](https://pfaprotects.com/affiliate-referral-program/): PFA Transportation is proud to be a longstanding leader in our field, and we love our referral partners. - [Referral Affiliate Dashboard](https://pfaprotects.com/affiliate-area/): Become an affiliate partner of Pacific Financial Association. - [Careers & Benefits: Unlock Your Potential with PFA Protects](https://pfaprotects.com/about-2/careers-benefits/): Explore exciting career opportunities and attractive benefits at PFA Protects. Discover our inclusive work culture, competitive compensation, and comprehensive employee benefits package. - [Transportation Insurance Services](https://pfaprotects.com/transportation-insurance/): PFA offers the most affordable freight broker related insurance products for BMC-84s and BMC-85s that ensure FMCSA compliance. - [Notices of Cancellation](https://pfaprotects.com/notices-of-cancellation/): Claims applications will be accepted for up to 60 days after the FMCSA cancellation date. - [BMC-84 Application](https://pfaprotects.com/bmc-84-application/): BMC-84 application available with PFA Transportation Insurance & Surety Services. Offering comprehensive insurance & surety solutions for the transportation industry. - [BMC-85 Application](https://pfaprotects.com/bmc-85-application/): Get your BMC-85 application started with PFA Transportation Insurance & Surety Services. Our experienced team is here to help! - [Transportation Surety Bonds](https://pfaprotects.com/surety/): Get compliant with FMCSA requirements with BMC-84 surety bonds and BMC-85 trust agreements. PFA is the leader of transportation surety. - [About](https://pfaprotects.com/about-2/): PFA provides insurance and surety services for transportation companies to safeguard against risks and liabilities. - [PFA Protects Blog](https://pfaprotects.com/blogs/): Learn more about transportation insurance and surety services with our educational blogs. Covering top issues in freight today - [Contact us](https://pfaprotects.com/contact-us/): Contact Pacific Financial and find out more about a BMC-84 Surety Bond or a BMC-85 trust fund agreement. --- ## Posts - [Understanding Transportation Insurance for Freight Brokers](https://pfaprotects.com/2025/06/23/understanding-transportation-insurance-for-freight-brokers/): A guide to transportation insurance to help freight brokers reduce liability and build trust with shippers and carriers alike. - [How to Vet Motor Carriers to Ensure Success](https://pfaprotects.com/2025/04/10/how-to-vet-motor-carriers-to-ensure-success/): Avoid shipping risks by vetting motor carriers for safety, insurance, and compliance. Read about this crucial step in ensuring safe, reliable, and compliant transportation. - [TSP Onboarding Registration](https://pfaprotects.com/2024/12/10/tsp-onboarding-registration/): Follow along as PFA Protects walks you through the must important dates and forms to be aware of for your essential programs. - [FMCSA & USDOT Identity Fraud Alert](https://pfaprotects.com/2024/08/26/fmcsa-usdot-identity-fraud-alert/): Stay up to date on the latest surrounding freight fraught and how the fmcsa is playing a vital role in maintaining integrity. - [BMC-84 or BMC-85 for Freight Brokers?](https://pfaprotects.com/2024/07/17/bmc-84-or-bmc-85-what-is-needed-for-freight-brokers/): Discover the significance of BMC-84 and BMC-85 bonds in the trucking industry, including their role in ensuring compliance and protecting against fraud. - [Understanding and Preventing Cargo Theft: Insights and Solutions](https://pfaprotects.com/2024/05/28/understanding-and-preventing-cargo-theft/): Cargo theft is on the rise and it is a top concern for freight forwarders, shippers, and brokers. PFA explains how to safeguard your shipments. - [Understanding the Differences Between Freight Forwarders and Freight Brokers](https://pfaprotects.com/2024/02/02/differences-between-freight-forwarders-and-freight-brokers/): Understand the key differences between freight brokers and forwarders and the importance of transportation surety bonds for shipping success. - [Cargo Theft on the Rise: Understanding the Growing Challenge in America](https://pfaprotects.com/2023/10/26/cargo-theft-on-the-rise/): The PFA team explores the rising trend of cargo theft, why it is happening, economic impact, and what you can do to protect yourself. - [What are Department of Defense (DOD) Performance Bonds?](https://pfaprotects.com/2023/05/18/understanding-department-of-defense-dod-performance-bonds/): Discover how these performance bonds ensure carrier compliance and delivery success for Department of Defense contracts. - [The Benefits of Working with a Trusted Commercial Surety Bond Provider](https://pfaprotects.com/2023/05/02/the-benefits-of-working-with-a-trusted-commercial-surety-bond-provider/): Partner with PFA Protects for commercial surety bonds. Wide range of bonds, expert support, fast processing, competitive rates, and claims assistance. - [Commercial Surety Bonds: What You Need to Know](https://pfaprotects.com/2023/03/16/commercial-surety-bonds-what-you-need-to-know/): Learn the basics of commercial surety bonds and why they matter for your business. Contact PFA Transportation Insurance for more information. - [Best Practices: Protect Your Business by Properly Vetting Your Motor Carriers](https://pfaprotects.com/2023/02/27/best-practices-protect-your-business-by-properly-vetting-your-motor-carriers-2/): Get carrier vetting tips from experts at our Claims Dept. and Transportation Intermediaries Assoc. Protect your brokerage with PFA Transportation Insurance. - [Distinguishing Brokers or Bonafide Agents](https://pfaprotects.com/2022/12/13/dispatchers-needing-broker-authority/): PFA Protects adds deeper clarification on the distinction between brokers and bonfide agents as per the FMCSA. - [Amazon Relay - Insurance Requirements](https://pfaprotects.com/2022/12/13/amazon-relay-insurance-requirements/): PFA Protects explains freight broker opportunities with the Amazon Relay Program. Follow along as our team lays it all out. - [Special Errors & Omissions Insurance](https://pfaprotects.com/2022/12/09/special-errors-and-omissions-insurance-tax-preparers/): With tax season pressure mounting, PFA offers a safety net with Errors and Omissions Insurance for Tax Preparers. Learn how this coverage supports your business against unforeseen claims. - [Supporting the Surface Deployment and Distribution Command (SDDC) of the DOD](https://pfaprotects.com/2022/05/02/your-expert-navigators-supporting-the-surface-deployment-and-distribution-command-sddc-of-the-dod/): Explore DoD performance bonds for business growth with PFA Protects- see how our team gets you affordable rates and makes compliance easy. - [Roadmap to Success - Why not make this the year to market yourself to more shippers?](https://pfaprotects.com/2022/01/03/roadmap-to-success-why-not-make-this-the-year-to-market-yourself-to-more-shippers/): PFA Protects explains new strategies for making yourself more known amongst shippers. Our team can help you with cargo insurance solutions. - [Fueling Up - Planning to Make the Most of the New Year](https://pfaprotects.com/2022/01/03/fueling-up-planning-to-make-the-most-of-the-new-year/): Proper planning sets the tone for the entire year- get your bearings straight and set the tone for the entire new year. - [Roadmap to Success Ensuring the Right Due Diligence in Vetting your Motor Carriers](https://pfaprotects.com/2021/11/30/new-blog-post-roadmap-to-success-ensuring-the-right-due-diligence-in-vetting-your-motor-carriers/): Follow along as the PFA team explores new strategies for ensuring compliance with your drivers that are up to FMCSA standards. - [The Basics of Planning Still Apply During a Pandemic](https://pfaprotects.com/2020/12/30/the-basics-of-planning-still-apply-during-a-pandemic/): PFA Transportation explores how businesses can still apply forward thinking strategies in planning even during a pandemic. - [Be Prepared to Pivot in 2021](https://pfaprotects.com/2020/12/30/be-prepared-to-pivot-in-2021/): Be prepared to embrace change and seize opportunities in the dynamic year ahead. Gain valuable tips and guidance on how to pivot your business strategies and stay ahead of the curve in 2021. - [Becoming a FEMA-Approved Transportation Service Provider – 2021 Program Year](https://pfaprotects.com/2020/12/30/becoming-a-fema-approved-transportation-service-provider-2021-program-year/): Become a trusted transportation service provider for FEMA in the 2021 program year. Gain insights into the application process, qualifications, and opportunities to play a vital role in disaster response and recovery efforts. - [Seasonal Challenges](https://pfaprotects.com/2020/11/25/seasonal-challenges/): The transportation insurance industry leaders at PFA explore some of the most pressing seasonal challenges associated with winter. - [Vetting Your Motor Carriers Means No Unwanted Surprises](https://pfaprotects.com/2020/11/24/vetting-your-motor-carriers-means-no-unwanted-surprises/): Pacific Financial Association explains how to use FMCSA tools to ensure compliance and protect your business against shady carriers. - [The Need for Commercial General Liability Insurance Explained](https://pfaprotects.com/2020/08/03/why-commercial-general-liability-insurance-coverage/): Protect your business with commercial general liability insurance see why this insurance coverage is vital in today's landscape. - [Getting Transportation Insurance for Freight Brokers](https://pfaprotects.com/2020/08/03/transportation-insurance-for-freight-brokers-and-truckers-its-easy-to-apply/): At PFA protects, we are committed to helping freight brokers and truckers when it comes to their transportation insurance needs. - [Shipper’s to Expand your Business and Grow Your Revenues](https://pfaprotects.com/2020/06/30/roadmap-to-success-shippers-interest-and-more-to-expand-your-business-and-grow-your-revenues/): Follow along as Pacific Financial Association explains how businesses can use shippers interest to generate leads and revenue. - [Your Expert Navigators: Even at Home, CyberSecurity is a Growing Concern](https://pfaprotects.com/2020/04/30/even-at-home-cybersecurity-is-a-growing-concern/): The PFAProtects team is helping individuals and teams understand their vulnerabilities in the cyberspace and actions they can take to help. - [Ensure Your Success: What is an Insurance Umbrella?](https://pfaprotects.com/2020/04/30/what-is-an-insurance-umbrella/): An experienced leader in the transportation insurance industry, PFA Protects, explains what is meant by umbrella insurance. - [Ensuring Your Success - Spotlight on Shipper's Interest](https://pfaprotects.com/2020/03/31/ensuring-your-success-spotlight-on-shippers-interest/): Shine a spotlight on the interests of shippers to maximize success in your operations, the PFA Protects team explains how it is done. - [Bridging Solutions: Factoring & Small Business Loans](https://pfaprotects.com/2020/03/31/a-helpful-pit-stop-is-it-time-to-consider-revenue-bridging-such-as-factoring-or-small-business-loans/): Bridge the revenue gap with factoring or small business loans. Learn more at PFA Protects for financial support. - [Your Expert Navigators - Supply Chain Best Practices during COVID-19 Pandemic](https://pfaprotects.com/2020/03/31/your-expert-navigators-supply-chain-best-practices-during-covid-19-pandemic/): Discover expert supply chain best practices during the COVID-19 pandemic with our team of experienced navigators. Stay informed and adapt to the evolving challenges of the supply chain industry to ensure operational resilience and success. - [Roadmap To Success - Thinking Outside of the Box](https://pfaprotects.com/2020/03/31/roadmap-to-success-thinking-outside-of-the-box/): Discover the roadmap to success by embracing innovative thinking and stepping outside of the box. Gain valuable insights and strategies for achieving your goals at PFA Protects. - [Fueling Up - A Supply Chain in Flux](https://pfaprotects.com/2020/03/31/fueling-up-a-supply-chain-in-flux/): Gain a competitive edge in a dynamic supply chain environment with effective strategies for fueling up your operations. Explore valuable insights and practical guidance at PFA Protects. - [Cargo Insurance & Coverage](https://pfaprotects.com/2020/01/03/try-something-new-in-2020/): Embrace new possibilities for cargo shipping in 2020. Discover exciting opportunities and try something new at PFA Protects. - [Making Yourself More Marketable to Shippers](https://pfaprotects.com/2019/12/05/making-yourself-more-marketable-to-shippers/): PFA Protects explores different methods for being a sought after shipper by increasing your visibility to potential customers and clients. - [Bring your 2020 vision into the New Year for 2020 success](https://pfaprotects.com/2019/12/05/bring-your-2020-vision-into-the-new-year-for-2020-success/): Gain 2020 vision for success in the transportation industry. Embrace trends, plan strategically, and achieve growth. Team PFA can guide you there. - [Holiday and winter weather challenges](https://pfaprotects.com/2019/12/05/holiday-and-winter-weather-challenges/): Prepare for the holiday season and winter weather challenges with our comprehensive guide. From icy conditions to seasonal hazards, learn how to stay safe and secure. - [ATRI Operational Costs for Truckers](https://pfaprotects.com/2019/12/05/atri-operational-costs-for-truckers/): Discover key insights from the ATRI Report on Operational Costs for Truckers, we share valuable information on trucking industry trends. - [SHIPPER’S INTEREST INSURANCE BENEFITS FOR 3PLs](https://pfaprotects.com/2019/10/28/shippers-interest-insurance-benefits-for-3pls/): Enhance your 3PL business with Shipper's Interest Insurance. Protect cargo against loss or damage without proving negligence. Gain an extra layer of protection and streamline operations with shipAssured integration. Contact Falvey Shippers for tailored coverage and stronger client relationships. - [](https://pfaprotects.com/2019/10/28/best-practices-protect-your-business-by-properly-vetting-your-motor-carriers/): PFA Transportation Insurance & Surety Services shares how to safeguard your business from liability by properly vetting your motor carriers. - [Cargo Protection Solutions for Holiday Theft](https://pfaprotects.com/2019/10/28/holiday-theft-is-a-going-concern/): Protect your business from theft during the holiday season. Secure your cargo and reduce the risk of theft with anti-theft measures! - [](https://pfaprotects.com/2019/09/30/grow-your-business-with-freight-broker-training-education/): Discover the importance of freight broker education and training to build a successful brokerage. Learn more from PFA! - [](https://pfaprotects.com/2019/09/30/pfa-advantages-of-in-house/): Protect your collateral and bonds with PFA's BMC-84/BMC-85 claims department. Expert legal support and unmatched claims processing. - [](https://pfaprotects.com/2019/09/30/pfa-spotlight-on-coverage/): Commercial General Liability (also known as CGL or GL) is an important coverage for any type of business. Learn more about this coverage. - [PFA SPOTLIGHT ON COVERAGE:](https://pfaprotects.com/2019/08/22/spotlight-professional-liability-insurance/): Freight Brokers can be held legally liable for losses that are beyond bodily injury, property damage, and loss of cargo. Learn about Liability Insurance. - [FINALLY AN OPEN SEASON FOR DOD BONDS](https://pfaprotects.com/2019/06/27/finally-an-open-season-for-dod-bonds/): Looking for traffic management expertise? Take advantage of the long-awaited open season for DoD bonds. We provide SDDC bonds and contingent cargo insurance to help Freight Brokers qualify. Contact Pam at 800-595-2615 ext. 658 for a competitive quote today! - [Update on the FMCSA’s URS Implementation](https://pfaprotects.com/2016/09/14/update-on-the-fmcsas-urs-implementation/): In 2017, FMCSA updated their unified registration system. Read more from PFA about the changed implemented for transportation insurance. - [Stay Compliant: Update Your Information with the FMCSA](https://pfaprotects.com/2016/05/23/dont-forget-to-update-your-information-with-the-fmcsa/): Stay compliant and keep your records up to date with the FMCSA. Learn why it's crucial to update your information and find expert guidance at PFA Protects. - [What’s New for PFA Brokers?](https://pfaprotects.com/2016/05/23/whats-new-for-pfa-brokers/): Curious what is new for PFA Brokers? Learn more from PFA Transportation Insurance as they update and share their new broker policy. --- ## Episodes - [Season 1 / Episode 3](https://pfaprotects.com/episode/season-1-episode-3/): PFA CEO Daniel Larson discusses how you can save money by bundling your Freight Broker bond with transportation insurance. - [Season 1 / Episode 2](https://pfaprotects.com/episode/season-1-episode-2/): Daniel Larson explains the importance of getting the right insurance protection in place. - [Season 1 / Episode 1](https://pfaprotects.com/episode/s1e1-daniel-larson-04022021/): PFA CEO Daniel Larson explains the family roots behind the company and gets into the merits of Freight Broker Authority... --- ## Portfolio --- # # Detailed Content ## Pages > Become an affiliate partner of Pacific Financial Association. - Published: 2019-02-22 - Modified: 2024-06-11 - URL: https://pfaprotects.com/affiliate-area/ For links with the PFA logo or graphic, please click on the Creatives tab. Register a new affiliate account Your Name Username Account Email Payment Email Website URL How will you promote us? Password Confirm Password By joining our Referral Program, you agree to our Terms & conditions and Privacy Policy Log into your account Username Password Remember Me Lost your password? --- > Claims applications will be accepted for up to 60 days after the FMCSA cancellation date. - Published: 2016-06-13 - Modified: 2024-04-02 - URL: https://pfaprotects.com/notices-of-cancellation/ Company Name DBA Name BMC FMCSA Cancellation Date Estimated Payout Month Wolf Pack Logistics LLC Wolf Pack Logistics LLC 00126319 2025/04/02 JUL A2L Freight, LLC A2L Freight, LLC 00723700 2025/04/02 JUL Green Leaf Logistics International, Inc Green Leaf Logistics International, Inc 00734983 2025/04/02 JUL Hasen Logistics LLC Hasen Logistics LLC 01094347 2025/04/02 JUL FreightSmart Logistics LLC FreightSmart Logistics LLC 01107145 2025/04/02 JUL Global Facilitation and Financial Services LLC Eco Auto Transport 01525475 2025/04/02 JUL MDC LOGISTICS INC MDC LOGISTICS INC 01578351 2025/04/02 JUL Hunter & Hunter Enterprises LLC Luxury Auto Ship 01626873 2025/04/02 JUL ANCO Logistics LLC ANCO Logistics LLC 01640952 2025/04/02 JUL TEC Auto Transport LLC TEC Auto Transport LLC|TEC Auto|TEC|TEC Auto Tranport 01667513 2025/04/02 JUL Wolfpack Freight Logistics LLC Wolfpack Freight Logistics LLC 01689593 2025/04/02 JUL DGS Enterprises Inc DGS Enterprises Inc 01029236 2025/04/03 JUL QUICKSHIP SOLUTIONS LLC QUICKSHIP SOLUTIONS LLC 01522514 2025/04/03 JUL VG Freight LLC VG Freight LLC 01663879 2025/04/03 JUL Smart Smith Logistics LLC Smart Smith Logistics LLC 01684505 2025/04/03 JUL Moore Brothers Transport Ltd. Moore Brothers Transport Ltd. 00416415 2025/04/04 JUL DRB Transport, Inc. DRB Transport 00577191 2025/04/04 JUL Satisfied Shipper Logistics LLC Satisfied Shipper Logistics LLC 01381248 2025/04/04 JUL Uncle P Transport LLC Uncle P Transport LLC 01402377 2025/04/04 JUL Express Port Logistics LLC Express Port Logistics LLC 01564027 2025/04/04 JUL DRIVELINE LOGISTICS INC DRIVELINE LOGISTICS INC 01581996 2025/04/04 JUL DCM Logistics LLC DCM Logistics LLC 00602481 2025/04/05 JUL Interstate Freight Carriers, LLC Interstate Freight Carriers, LLC 00656364 2025/04/05 JUL Legacy Freight &... --- --- ## Posts > A guide to transportation insurance to help freight brokers reduce liability and build trust with shippers and carriers alike. - Published: 2025-06-23 - Modified: 2025-06-23 - URL: https://pfaprotects.com/2025/06/23/understanding-transportation-insurance-for-freight-brokers/ - Categories: Freight Brokers, General Liability - Tags: transportation insurance Freight brokers have an important role in connecting shippers and carriers. Proper transportation insurance coverage is critical for a broker’s success: carrying the right transportation insurance ensures compliance and protects the freight broker’s business, clients, and carriers from expensive liabilities.   Without the right coverage, there is a higher risk of major financial losses from denied claims.   Why Insurance Matters for Freight Brokers Unlike carriers, brokers don’t physically handle freight, but they still face liability if something goes wrong. If a carrier’s insurance denies a claim due to negligence, inadequate coverage, or insolvency, the broker could be held financially responsible. That’s why understanding different types of insurance, coverage limits, and risk management strategies is non-negotiable. Key Types of Transportation Insurance Primary Liability Insurance (Carrier’s Policy)Every motor carrier must carry primary liability insurance, covering bodily injury and property damage in accidents. Brokers should always verify liability coverage before assigning loads. The minimum legal requirement is $750,000 for non-hazardous materials, but many shippers require $1 million or more. Cargo Insurance (Protects the Shipment)Carriers will usually have their own cargo insurance, but it is the freight broker’s job to confirm the coverage and shipment are aligned. Some policies will not cover high-risk goods like electronics, pharmaceuticals, or hazardous materials. In this case, freight brokers must pay close attention to what is being shipped (and its value). If a shipment is damaged but not covered by the carrier’s cargo insurance, brokers could be financially responsible.   Contingent Cargo Insurance (Broker’s Safety Net)If a... --- > Avoid shipping risks by vetting motor carriers for safety, insurance, and compliance. Read about this crucial step in ensuring safe, reliable, and compliant transportation. - Published: 2025-04-10 - Modified: 2025-04-15 - URL: https://pfaprotects.com/2025/04/10/how-to-vet-motor-carriers-to-ensure-success/ - Categories: Freight Brokers, Freight Forwarding Selecting the right motor carrier is essential for ensuring safe, timely, and reliable transportation of goods. Without proper vetting, businesses risk delays, damaged cargo, legal liabilities, and financial losses. By thoroughly evaluating a carrier’s safety record, insurance coverage, compliance status, and reputation, shippers can make informed decisions and build a stronger, more secure supply chain. Understanding Carrier Vetting When it comes to transporting goods efficiently and safely, selecting the right motor carrier is crucial. Carrier vetting is the process of thoroughly evaluating a transportation provider to ensure they meet legal, safety, and performance standards. This step is essential to minimizing risks, preventing delays, and safeguarding your shipments. What Does It Mean to Vet a Motor Carrier? Vetting a motor carrier involves a comprehensive review of their qualifications, history, and compliance with industry regulations. It goes beyond just choosing a trucking company based on availability or price, it requires a detailed assessment of their ability to handle your shipments reliably and legally. Key Aspects Regulatory Compliance: Ensuring the carrier meets all Department of Transportation (DOT) and Federal Motor Carrier Safety Administration (FMCSA) requirements. Safety Standards: Reviewing past safety performance, accident records, and violations. Insurance Coverage: Confirming the carrier has adequate liability and cargo insurance to cover potential losses. Industry Reputation: Checking reviews, references, and performance history with previous clients. Key Industry Regulations and Compliance Standards To legally operate as a motor carrier in the United States, companies must comply with several federal and state regulations. The FMCSA regulates trucking safety and... --- > Follow along as PFA Protects walks you through the must important dates and forms to be aware of for your essential programs. - Published: 2024-12-10 - Modified: 2025-01-08 - URL: https://pfaprotects.com/2024/12/10/tsp-onboarding-registration/ - Categories: TSP Onboarding 2025 FEMA STOS Program ALL TSP applicants (new and returning) must have an active SAM registration before FEMA will process any onboarding materials. Registration for SAM is FREE and if you are interested in applying for the 2025 FEMA STOS Program year, we recommend starting your registration today. All TSP applicants must submit a TSP Registration form. For new TSP applicants FEMA requires both a TSP Registration Form AND an LSCMS Access Control Forms (both required for onboarding). For those of you new to the FEMA STOS Program, you may be wondering what exactly it is. "FEMA STOS" is short for FEMA Standard Tender of Service which is the guiding document that governs the FEMA Tender of Service Program. So for short, we refer to the FEMA Tender of Service Program as the "FEMA STOS Program. " Mark Your Calendar for Important Onboarding Dates February 3rd, 2025 | VIRTUAL INDUSTRY DAY STOS onboarding opens for ALL TSPs interested in applying for the 2025 STOS Program year. REMINDER: ALL TSPs must apply annually. February 10th, 2025 Onboarding Q&A Session February 21st, 2025 Deadline to receive TSP Registration Forms and LSCMS Access Control Forms for TSPs who did not participate in the 2024 FEMA STOS program March 28th, 2025 Onboarding closes for the 2025 STOS Program Year May 13th & 14th, 2025 Transportation Procurement training on how to submit rates during the Rate Filing Cycle May 30th - June 13th, 2025 Rate Filing Cycle for all TSPs approved to provide Motor Freight... --- > Stay up to date on the latest surrounding freight fraught and how the fmcsa is playing a vital role in maintaining integrity. - Published: 2024-08-26 - Modified: 2025-04-09 - URL: https://pfaprotects.com/2024/08/26/fmcsa-usdot-identity-fraud-alert/ - Categories: Identity Fraud Freight fraud is a growing menace in the logistics industry, costing businesses millions and disrupting supply chains worldwide. Whether it's through elaborate scams like phishing emails or identity theft, fraudsters are becoming increasingly sophisticated in their methods. This article sheds light upon the latest in a never-ending barrage of attacks from criminals trying to steal your money. Keep scrolling to know the latest potential threats to your business. FMCSA High Alert - New Phishing Fake Email Dear ,The Federal Motor Carrier Safety Administration (FMCSA) requests your assistance in amplifying this important message regarding a new phishing fake email. The agency is aware that an email is being sent to registered entities by a party pretending to be FMCSA and requesting that carriers complete forms attached to the email. Those forms ask for a social security number and USDOT PIN. FMCSA does not require such information on official FMCSA forms . Carriers should NOT fill out forms attached to the fake email, and always refer to the official FMCSA forms for the latest and official documents. In some cases, the phishing attempt also asks for a certificate of insurance and driver’s license to help protect the recipient against fraud. There is also a threat that if the recipient does not respond within a day, the individual will be fined, which is also not an FMCSA practice as part of the registration process. The fake email originates from either safety@fmcsa. gov, filing@fmcsa. gov, dotfilings@fmcsa. gov or audit@fmcsa. gov , none of which... --- > Discover the significance of BMC-84 and BMC-85 bonds in the trucking industry, including their role in ensuring compliance and protecting against fraud. - Published: 2024-07-17 - Modified: 2025-04-09 - URL: https://pfaprotects.com/2024/07/17/bmc-84-or-bmc-85-what-is-needed-for-freight-brokers/ - Categories: BMC-84, BMC-85 Understanding Freight Broker Surety Bonds In the complex landscape of the logistics industry, freight broker surety bonds stand as a cornerstone of trust and compliance. A freight broker surety bond, often simply referred to as a freight broker bond, is a critical requirement for anyone looking to operate legally as a freight broker. This bond serves as a guarantee that the broker will adhere to the regulations and agreements involved in shipping goods, including paying carriers and shippers on time. The Federal Motor Carrier Safety Administration (FMCSA) mandates a $75,000 surety bond under forms BMC-84 or BMC-85, ensuring that freight brokers maintain high ethical and professional standards. Why do freight brokers need surety bonds? Beyond legal compliance, these bonds protect the parties involved in freight transactions against fraud, failure to pay, and other unethical behaviors, thus fostering a more reliable and secure logistics environment. By understanding the role and benefits of surety bonds in the trucking industry, freight brokers can navigate the complexities of freight brokerage with confidence, ensuring they meet all necessary FMCSA compliance requirements and uphold the integrity of their operations. BMC-84 vs BMC-85: A Comparative Analysis In the area of freight brokerage, the decision between securing a BMC-84 bond or opting for a BMC-85 trust fund agreement is pivotal. Both serve as a testament to a broker's credibility and commitment to compliance, yet they cater to different needs and financial situations. BMC-84 (Freight Broker Bond) The BMC-84 is a surety bond that requires freight brokers to partner... --- > Cargo theft is on the rise and it is a top concern for freight forwarders, shippers, and brokers. PFA explains how to safeguard your shipments. - Published: 2024-05-28 - Modified: 2025-04-09 - URL: https://pfaprotects.com/2024/05/28/understanding-and-preventing-cargo-theft/ - Categories: BMC-84, BMC-85 Understanding and preventing cargo theft is essential for maintaining the integrity and efficiency of the supply chain. Cargo theft involves the stealing of goods during transit, leading to significant financial losses and operational disruptions. Recent trends show a surge in such thefts, driven by sophisticated criminal tactics and increased demand for goods. Implementing robust security measures, such as verifying carrier credentials and utilizing advanced tracking technologies, is crucial in combating these threats. By partnering with experts like PFA Protects, businesses can gain access to comprehensive solutions that safeguard their shipments and ensure smooth logistical operations. What is Cargo Theft? Cargo theft refers to the criminal act of stealing goods or merchandise while they are being transported. This theft can occur at various stages, including at pick up, during transit, at rest stops, or even from storage and warehouse facilities. Common methods include shipment misdirection, where thieves redirect goods to unauthorized locations, and strategic theft, involving insider information to exploit vulnerabilities. During Q1 pf 2-24. CargoNet documented 925 incidents of cargo theft, a 46% increase compared to the first quarter of 2023, resulting in estimated losses of $154. 6 million during this period. The impact of cargo theft is significant, resulting in substantial financial losses for businesses and disruptions in the supply chain.   Recent Surge in Cargo Theft The recent surge in cargo theft has been alarming, which further highlights the growing threat to supply chains. This surge can be attributed to increased demand for goods, strained logistics networks, and... --- > Understand the key differences between freight brokers and forwarders and the importance of transportation surety bonds for shipping success. - Published: 2024-02-02 - Modified: 2025-04-09 - URL: https://pfaprotects.com/2024/02/02/differences-between-freight-forwarders-and-freight-brokers/ - Categories: Freight Brokers, Freight Forwarding In today's complex logistics landscape, understanding the difference between freight brokers and freight forwarders is crucial for anyone involved in the shipping industry. At its core, a freight broker serves as an intermediary between shippers and carriers, facilitating the connection and negotiation of shipping contracts. On the other hand, a freight forwarder takes a more comprehensive role, overseeing and arranging the entire shipping process. What are Freight Brokers? Explaining the Role of a Freight Broker We focus on the essential roles of freight brokers and freight forwarders in the logistics sector. In this comprehensive guide, we aim to clarify the intricacies of the role of a broker and freight forwarder in supply chain management and As seasoned providers of transportation surety bonds, our objective is to shed light on these crucial roles, aiding your navigation through the complexities of shipping and transportation. We will also briefly touch upon the role of transportation surety bonds, a key element in ensuring the reliability and accountability of these transportation professionals. What are Freight Brokers? Freight brokers are pivotal connectors in the logistics industry, bridging the gap between shippers needing to transport goods and carriers who perform the actual transportation. Unlike freight forwarders, they do not take physical possession of the freight but rather specialize in facilitating the shipping process by matching shippers with the best freight brokerage services for their specific needs. Their expertise in negotiating rates, managing the complexities of shipping regulations, and providing cost-effective solutions is invaluable to ensure a smooth... --- > The PFA team explores the rising trend of cargo theft, why it is happening, economic impact, and what you can do to protect yourself. - Published: 2023-10-26 - Modified: 2025-04-09 - URL: https://pfaprotects.com/2023/10/26/cargo-theft-on-the-rise/ - Categories: Cargo Theft The Current State of Cargo Theft In the ever-evolving landscape of supply chain security, one issue looms large and persistent: cargo theft. As we progress into the last quarter of 2023, cargo theft continues to be a growing challenge for businesses across the United States. Understanding the current state of cargo theft is not just a matter of concern; it's imperative for any company involved in logistics, transportation, or the movement of goods to take certain precautions. The Numbers Tell the Story To comprehend the scale of this issue, it's essential to look at the numbers. In 2023, cargo theft is far from being a minor or sporadic occurrence. According to recent data and industry reports, cargo theft is on the rise, both in terms of frequency and the overall value of stolen goods. The financial toll of cargo theft on the American economy is significant, with over 44 million dollars worth of goods disappearing from supply chains in the second quarter of 2023. This same data recorded that approx. 582 thefts had occurred across the US and Canada, a 57% increase from Q2 2022. (Source: CargoNet) Targeted Goods and Industries Cargo thieves are strategic and selective in their operations. They tend to target specific goods and industries. High-value goods, including electronics, pharmaceuticals, and precious metals, often top the list of cargo theft targets. Additionally, the transportation of food and beverages has seen a concerning increase in theft, posing a threat to the food supply chain. Furthermore, certain industries are... --- > Discover how these performance bonds ensure carrier compliance and delivery success for Department of Defense contracts. - Published: 2023-05-18 - Modified: 2025-04-09 - URL: https://pfaprotects.com/2023/05/18/understanding-department-of-defense-dod-performance-bonds/ - Categories: Department of Defense If you're involved in government contracting, specifically with the Department of Defense (DOD), you may have come across the term "performance bonds. " In this article, we'll explore the basics of DOD performance bonds, their purpose, and how they function in the trucking industry. What does a DOD bond guarantee?   The Performance Bond secures performance and fulfillment of carrier obligations to deliver DOD freight. It will cover any instance where a carrier cannot or will not deliver DOD freight tendered to them. This includes default, abandonment, shipments, and bankruptcy by the carrier. The bond will not be utilized for operational problems, such as late pick-up/delivery, excessive transit times, refusals, no-show, improper/inadequate equipment, payment of subcontractors for claims or loss, or damaged cargo. What is a DOD Performance Bond? A DOD performance bond is a type of surety bond that guarantees the successful completion of a contract between a motor carrier and the DOD. It acts as a financial safeguard, ensuring that the contractor fulfills their obligations, including project completion, adherence to specifications, and timely delivery. How Much is a DOD Performance Bond? The required amount for a DOD performance bond can vary depending on the size of the company, and the number of states intended to service. 1 state bond amount is $25,000 2-3 States the bond amount is $50,000; 4 or more states the bond amount is $100,0000 The bond is set at $100,000 for Surface Freight Forwarders, shipper agents, brokers, and air freight forwarders due to the... --- > Partner with PFA Protects for commercial surety bonds. Wide range of bonds, expert support, fast processing, competitive rates, and claims assistance. - Published: 2023-05-02 - Modified: 2025-04-09 - URL: https://pfaprotects.com/2023/05/02/the-benefits-of-working-with-a-trusted-commercial-surety-bond-provider/ - Categories: Surety Bonds A commercial surety bond is a legal contract that provides financial protection to one party in the event that the other party fails to fulfill its obligations. If you are in need of a commercial surety bond, it is important to work with a provider that you can trust. Here are some of the benefits of working with a trusted commercial surety bond provider. What is a Commercial Surety Bond? Before we dive into the benefits of working with a trusted provider, let's first understand what a commercial surety bond is. A commercial surety bond is a three-party agreement that involves the principal (the party that needs the bond), the obligee (the party that requires the bond), and the surety (the provider of the bond). The bond ensures that the principal will fulfill its obligations as outlined in the contract. Benefits of Working with a Trusted Commercial Surety Bond Provider Now, let's explore the benefits of working with a trusted commercial surety bond provider. Access to a Wide Range of Bonds A trusted provider will have access to a wide range of bonds. Whether you need a performance bond, payment bond, or license bond, they will be able to help you find the right bond for your needs. Expertise and Industry Knowledge A trusted provider will have expertise and industry knowledge. They will understand the complexities of commercial surety bonds and will be able to guide you through the process. They will also be able to answer any questions you... --- > Learn the basics of commercial surety bonds and why they matter for your business. Contact PFA Transportation Insurance for more information. - Published: 2023-03-16 - Modified: 2025-04-09 - URL: https://pfaprotects.com/2023/03/16/commercial-surety-bonds-what-you-need-to-know/ - Categories: Surety Bonds Commercial surety bonds can be a bit of a mystery to those who are unfamiliar with them. However, they are an essential tool for many businesses, providing a valuable layer of protection against financial losses and other risks. In this blog post, we'll provide an overview of the basics of commercial surety bonds, including what they are, why they matter, and how they work. What are commercial surety bonds? A commercial surety bond is a contract between three parties: the principal (the business or individual that needs the bond), the obligee (the entity that requires the bond), and the surety (the company that issues the bond). The bond serves as a guarantee that the principal will fulfill their obligations according to the terms of the bond. Why are commercial surety bonds important? Commercial surety bonds are important because they help to ensure that businesses fulfill their obligations and responsibilities. For example, if a construction company fails to complete a project according to the terms of their contract, the obligee (such as the property owner or general contractor) can make a claim on the surety bond to recover their losses. Who needs commercial surety bonds? Many businesses and individuals may need to obtain commercial surety bonds, depending on the nature of their work and the requirements of their industry. Some examples of businesses that commonly require surety bonds include contractors, freight brokers, auto dealers, and mortgage brokers. Different types of commercial surety bonds There are many different types of commercial surety... --- > Get carrier vetting tips from experts at our Claims Dept. and Transportation Intermediaries Assoc. Protect your brokerage with PFA Transportation Insurance. - Published: 2023-02-27 - Modified: 2025-04-09 - URL: https://pfaprotects.com/2023/02/27/best-practices-protect-your-business-by-properly-vetting-your-motor-carriers-2/ - Categories: Cargo Theft, Identity Fraud As a transportation industry freight broker, it's crucial to properly vet your motor carriers. At PFA Transportation Insurance & Surety Services, we have a dedicated Claims Department that has firsthand knowledge of the pitfalls associated with hiring motor carriers without appropriate vetting. This includes claims where carrier lacks proper authority or sufficient insurance. The Importance of Proper Vetting for Freight Brokers Failing to conduct due diligence before tendering a load can expose your business to liabilities that could have been avoided. Negligent hiring or entrustment claims can hold you responsible for damages caused by a carrier you hired. To mitigate these risks, we recommend that freight brokers develop and maintain carrier qualification procedures and document them thoroughly. Steps to Take Before Tendering Freight to a Carrier Ensure that every motor carrier you use signs and returns the broker/carrier agreement. Verify that the motor carrier has proper operating authority for the load by obtaining a copy of their operating authority and checking the FMCSA website to ensure their authority is active and not pending revocation. Check the safety rating of the carrier on the FMCSA website to ensure they have a satisfactory rating, and monitor the carrier's safety rating every 3-6 months. Verify and document the motor carrier's insurance coverage, including obtaining a copy of their certificate of insurance (COI) directly from their insurance agent. Check the policy information (i. e. effective dates, monetary limits, etc. ) as listed on the FMCSA website, and make sure the policy expires after the... --- > PFA Protects adds deeper clarification on the distinction between brokers and bonfide agents as per the FMCSA. - Published: 2022-12-13 - Modified: 2025-04-09 - URL: https://pfaprotects.com/2022/12/13/dispatchers-needing-broker-authority/ - Categories: Freight Brokers Going into 2023, dispatchers will have more guidance from the Federal Motor Carrier Safety Administration about whether they could or should refer to themselves as brokers or bona fide agents. This topic and these definitions have been murky over the last few years, which is why the agency has tried to clarify matters as well as seek public comment from members of the industry about what they think. Interim Guidance Published in the Federal Register In late November, the FMCSA published interim guidance in the Federal Register which fills in some, but not all, of the current gray areas related to broker-bonding and similar regulations in the industry. Additional guidance is expected next year, based on feedback from the November updates. The agency has been collecting comments throughout 2022 and will continue to accept them until Jan. 17th. Infrastructure Investment and Jobs Acts The involvement from the agency on this topic came as a result of the Infrastructure Investment and Jobs Act, which became law in 2021. Part of the act included more attention to how technology has impacted and possibly changed the industry and if any rules or guidelines need to be adjusted. For instance, dispatch services have gone from relying on radios and phones to internet-based systems as well as mobile apps. Dispatcher versus Bonafide Agents Defined One item of importance was discussing if the role of the dispatcher has changed and if dispatch service duties needed to be updated or even reclassified. If they have, will new... --- > PFA Protects explains freight broker opportunities with the Amazon Relay Program. Follow along as our team lays it all out. - Published: 2022-12-13 - Modified: 2025-04-09 - URL: https://pfaprotects.com/2022/12/13/amazon-relay-insurance-requirements/ - Categories: General Liability Are you looking to broker freight for Amazon? Consider learning more about Amazon Relay, enabling carriers to tap into its network and technology to grow transportation businesses. Being part of Amazon Relay side of operations allow some carriers some degree. Participants are required to access the Amazon Relay mobile app, which gives details about the status of their current loads, any delays on the road, plus general navigation focused on tractor-trailers. Amazon Relay Program Because the Amazon brand is all about quality and speed, the Amazon Relay program makes sure that all carriers hauling Amazon-owned trailers have high levels of safety and performance, starting with compliance with various safety, Department of Transportation, and other insurance requirements. Drivers also must focus on being on time and being consistent about it.   They can also monitor their progress over time in order to hopefully increase their performance. Amazon Relay Requirements The following conditions must be met in order for someone to be part of the Amazon Relay program. An active DOT number with interstate authority and a valid MC number. A “Carrier” entity type that is authorized for property and for hire.   A Federal Motor Carrier Safety Administration (FMCSA) Safety Rating of “Satisfactory,” “None,” or “Not Rated. ”  All require insurance policies including: Commercial General Liability not less than $1,000,000 per occurrence and $2,000,000 in the aggregate  Auto Liability not less than $1,000,000 per occurrence, including a trailer replacement coverage of $50,000.   Cargo coverage of at least $100,000. Workers’ Compensation... --- > With tax season pressure mounting, PFA offers a safety net with Errors and Omissions Insurance for Tax Preparers. Learn how this coverage supports your business against unforeseen claims. - Published: 2022-12-09 - Modified: 2025-04-09 - URL: https://pfaprotects.com/2022/12/09/special-errors-and-omissions-insurance-tax-preparers/ - Categories: Special Errors & Omissions It’s that crazy time of year again: Tax season. With the tax deadline getting closer and closer, it’s both the busiest time of the year for most accountants, CPAs, and other tax practitioners and the time of year when your clients rely most heavily on your professionalism, knowledge, and due diligence. Yet it’s also the time of year when mistakes can happen. When they do, it can be costly for you and your business. That’s why we’re here to help you protect your business and ensure your success. The team at PFA now offers special Errors and Omissions Insurance for Tax Preparers. It’s a coverage that we strongly recommend that you purchase for your business, to give you the peace of mind that you won’t be putting your hard-earned fees and profits at risk. Having this insurance is also a stress-buster for your practice since claims and lawsuits against tax preparers are becoming more prevalent. Even the most careful tax preparers can be exposed to legal action these days. To protect you and your practice, the Errors & Omissions Insurance for Tax Preparers covers claims made by your clients and legal fees incurred in defense of alleged errors and omissions, up to the policy limit. The policy covers both your full-time and part-time employees, even if they only work during the tax season. The deductible on this policy is a reasonable $250 single/$500 aggregate per year. When the pressure’s on, mistakes can be costly. Yet it doesn’t have to be.... --- > Explore DoD performance bonds for business growth with PFA Protects- see how our team gets you affordable rates and makes compliance easy. - Published: 2022-05-02 - Modified: 2025-01-08 - URL: https://pfaprotects.com/2022/05/02/your-expert-navigators-supporting-the-surface-deployment-and-distribution-command-sddc-of-the-dod/ - Categories: Department of Defense ATTENTION: TRANSPORTATION SERVICE PROVIDERS! You have an important opportunity to support the Surface Deployment and Distribution Command (SDDC), a wing of the United States military and the Department of Defense (DoD). All that you need to do to be eligible is comply with DoD requirements and the new business could be yours. In order to transport military freight, all motor carriers, freight brokers and freight forwarders are required to have DoD performance bonds. DOD Performance Bonds It could be a tremendous new revenue opportunity and the team here at PFA Transportation Insurance & Surety Services can help set you up for success. The DoD performance bond amount is set at a flat rate of $100,000 for freight brokers and freight forwarders. Bonds for motor carriers are based on the size of your company and how many states you serve. For most freight carriers, a bond in the amount of $25,000 is required for business in one state. Two to three states require a $50,000 bond while four or more are covered by a bond of $100,000. All transportation service providers that have at least three years of continuous authority can apply. A Standard Carrier Alpha Code (SCAC) is required to complete the SDDC bonding process. For those that may not have previously applied, a SCAC is a 2 to 4 letter code issued by the National Motor Freight Traffic Association (NMFTA) to identify transportation companies. The SDDC requires a separate performance bond for each SCAC (and that applies to motor... --- > PFA Protects explains new strategies for making yourself more known amongst shippers. Our team can help you with cargo insurance solutions. - Published: 2022-01-03 - Modified: 2025-01-08 - URL: https://pfaprotects.com/2022/01/03/roadmap-to-success-why-not-make-this-the-year-to-market-yourself-to-more-shippers/ - Categories: Freight Forwarding, General Liability Very few businesses can grow – let alone sustain themselves – without being well-organized and well-structured to achieve your priorities in any given year. Strategic and tactical planning have never been more important as they are going into 2022. Being organized is the key to planning to do some new things in 2022. And now’s the time to consider those new twists for the new year. Sometimes, even a small shift can mean new business. You’ve probably been thinking about a few new opportunities over the last few months; now is the time to get serious and make them happen. A prominent question on the minds of many freight brokers is a simple one: What can increase business? PFA Transportation Insurance & Surety Services is always exploring this key question for many freight brokers: “How can I make my company more desirable to Shippers? ” One of the primary protections for you – and one commonly desired by Shippers – is some form of cargo coverage. It’s worth considering and several options exist. Most Freight Brokers have heard of and consider Contingent Cargo insurance. That is a great protection for most. Yet, have you considered how other options may increase your revenues? Shipper’s Interest and Excess Limits for Cargo are two additional coverage options that make Freight Brokerage companies more marketable to Shippers. It seems to come back to the basics, with cargo protection being a key in many contracts. We often see companies realizing they want protection and others... --- > Proper planning sets the tone for the entire year- get your bearings straight and set the tone for the entire new year. - Published: 2022-01-03 - Modified: 2025-01-08 - URL: https://pfaprotects.com/2022/01/03/fueling-up-planning-to-make-the-most-of-the-new-year/ - Categories: BMC-84, BMC-85 It’s a common refrain at PFA, as it is among many leading businesses both within and outside the transportation sector: The end of one year and the start of the next is always a good time to take stock of where you’re at in business. It’s particularly important coming out of the wild year that we’ve just been through and in preparing for economic uncertainty that lies ahead. The old axiom that failing to plan is planning to fail is embraced by so many simply because they see what happens when organizations don’t spend enough time planning for the mid and long terms. Planning has only become more important in recent years because so many industries are changing rapidly and not enough of the companies within those sectors are keeping their eyes on the early adopters and change agents. Given what’s going on in the U. S. and around the world, there’s no better year for your company to pay some extra attention to planning, monitoring and assessing trends. We encourage you to do the things that give you a good feel of where the opportunities exist in the future. Look at industry forecasts and trends (not only here in the U. S. but around the world). Explore how technology is shaping other sectors and identify why and how some of the same changes could come to freight, shipping and cargo. Chart changing demographics – both among your customers and your employees. Consider what your employees need to stay engaged... --- > Follow along as the PFA team explores new strategies for ensuring compliance with your drivers that are up to FMCSA standards. - Published: 2021-11-30 - Modified: 2025-01-08 - URL: https://pfaprotects.com/2021/11/30/new-blog-post-roadmap-to-success-ensuring-the-right-due-diligence-in-vetting-your-motor-carriers/ - Categories: Cargo Theft, Identity Fraud Vetting your Motor Carriers has never been more important than it is going into 2022. It’s the kind of due diligence that can prevent you from surprises and disappointments. As we’ve said before, when it comes to appointing Motor Carriers, an important part of your due diligence is to ensure the carriers with whom you contract have the proper FMCSA (Federal Motor Carrier Safety Administration) authority, that your Motor Carriers carry the appropriate lines of insurance coverage and that your Motor Carriers have the necessary CSA safety ratings. Without question, this due diligence regarding your Motor Carriers should be one of the most basic and fundamental priorities for your Freight Brokerage business. Your Motor Carrier should be appropriately licensed, authorized and insured to protect the loads in question. You can look up the Motor Carrier’s authority, and regulatory insurance requirements, on the FMCSA’s website. This will give you up to the minute information on the status of their authority. Also, it is essential to call the Motor Carrier's insurance provider directly to verify the coverage that is listed on the Certificate of Insurance is accurate. Too many times, forged COIs can make it into circulation. The only reliable source to verify the COI is a phone call to the insurance carrier. The third and no less important step to be taken is reviewing a carrier’s safety record or CSA score (CSA stands for Compliance, Safety and Accountability). Safety data can be viewed on the FMCSA’s Safety and Fitness Electronic Records... --- > PFA Transportation explores how businesses can still apply forward thinking strategies in planning even during a pandemic. - Published: 2020-12-30 - Modified: 2025-01-08 - URL: https://pfaprotects.com/2020/12/30/the-basics-of-planning-still-apply-during-a-pandemic/ - Categories: Freight Brokers, Freight Forwarding The end of one year and the start of the next is always a good time to take stock of where you’re at. It’s particularly important coming out of the year that we’ve just been through and in preparing for economic uncertainty that still may be ahead. That’s as true for businesses in any sector – including the rapidly-evolving transportation industry – as it is for people. Perhaps it’s time to elevate your company’s planning for 2021 with a little bit of the old and a little bit of the new when it comes to goal-setting. In the eyes of many, planning has only become more important in recent years. That’s partly because so many industries are changing so quickly and not enough of the companies within certain industries are keeping their eyes on the early adopters and change agents. There’s no better year for your company to pay some extra attention to planning, monitoring and assessing trends. Do the things that let you have a feel for where the transportation industry is going, not only here in the United States, but around the world. Global perspectives often help us learn from others... and vice-versa. Look at industry forecasts and trends. Consider changing demographics. Explore how technology is shaping other sectors and identify why and how some of the same changes could come to freight, shipping and cargo. Yet the other reasons why planning is becoming more – not less – important relates to the inter-connections between planning, goal-setting and... --- > Be prepared to embrace change and seize opportunities in the dynamic year ahead. Gain valuable tips and guidance on how to pivot your business strategies and stay ahead of the curve in 2021. - Published: 2020-12-30 - Modified: 2025-01-08 - URL: https://pfaprotects.com/2020/12/30/be-prepared-to-pivot-in-2021/ - Categories: General Liability, Special Errors & Omissions As we said last year at that this time, failing to plan is planning to fail. Very few businesses can grow – let alone sustain themselves – without being well-organized and well-structured to achieve your priorities in any given year. Strategic and tactical planning have never been as important as they are going into 2021, where having some security in the face of continued uncertainty on several fronts is something to build on for Freight Brokers, Motor Carriers and others in the transportation sector. Being organized is the key to planning to do some new things in 2021. Sometimes, even a small shift can mean new business. You’ve probably been thinking about a few new opportunities over the last few months; now is the time to get serious and make them happen. A prominent question on the minds of many Freight Brokers is a simple one: What can increase business? PFA Transportation Insurance & Surety Services is always exploring this key question for many Freight Brokers: “How can I make my company more desirable to Shippers? ” One of the primary protections for you – and one commonly desired by Shippers – is some form of cargo coverage. It’s worth considering and several options exist. Most Freight Brokers have heard of and consider Contingent Cargo insurance. That is a great protection for most. Yet, have you considered how other options may increase your revenues? Shipper’s Interest and Excess Limits for Cargo are two additional coverage options that make Freight Brokerage... --- > Become a trusted transportation service provider for FEMA in the 2021 program year. Gain insights into the application process, qualifications, and opportunities to play a vital role in disaster response and recovery efforts. - Published: 2020-12-30 - Modified: 2025-01-08 - URL: https://pfaprotects.com/2020/12/30/becoming-a-fema-approved-transportation-service-provider-2021-program-year/ - Categories: General Liability, TSP Onboarding Registration for the 2021 Program Year is now open! The FEMA Tender of Service Program serves as the gateway for Transportation Service Providers (TSPs) wishing to do business with FEMA. Consider this registration window (open until 2/12/2021) as an opportunity to be part of the FEMA transportation team. You can participate as a Freight Broker and/or Motor Carrier if you have an active FMCSA registration of either type of transportation operation. FEMA’s carrier selection process has specific requirements, including qualification of drivers, which add duties that are atypical to a traditional brokered load. Please read and understand those duties in order to be compliant. It is in your best interest to do your due diligence thoroughly and follow all FEMA requirements exactly; otherwise, your future payments could be jeopardized. One of the FEMA TSP requirements is a $300,000 limit for cargo insurance.  PFA’s Insurance Team has several options to help transportation companies comply with this insurance obligation. One easy and effective solution is to use a “Shipper’s Interest” cargo product on a per load basis.  This type of coverage helps to overcome the challenges posed with existing cargo limits being inadequate or coverage limitations of an active cargo policy. This option helps address both the Freight Broker’s issues with Contingent Cargo and the Motor Carrier’s Motor Truck Cargo insurance coverage that is already in place. For information regarding how to register for the FEMA Tender of Service Program, please visit: www. fema. gov/transportation-programs. At this website, you will find the... --- > The transportation insurance industry leaders at PFA explore some of the most pressing seasonal challenges associated with winter. - Published: 2020-11-25 - Modified: 2025-01-08 - URL: https://pfaprotects.com/2020/11/25/seasonal-challenges/ - Categories: BMC-84, BMC-85, Surety Bonds The sheer volume of holiday shipping this year is unprecedented due to people shopping online like never before. The truckers currently navigating America’s roadways are a sure sign that Santa Claus is coming to town. Add freezing rain and snow along with a global pandemic, and you may have yourself a headache, especially if you’re in the transportation business. Holiday and winter seasonal challenges for transportation industry leaders include: Bad weather: Snow, freezing rain, black ice. If you live north of the Mason-Dixon Line, you tend to be old pros when it comes to the ravages of winter. Most trucking companies cross into serious winter weather no matter where they are headquartered. All the safety precautions apply here – including knowing when to stay off the road. Equipping your drivers with the latest apps and weather media channels – including The Weather Channel and Weather Underground – is a smart play. Being conversant in bad weather is also essential to Freight Brokers, Forwarders and Shippers. That’s why truck insurance providers have become good resources for weather advisories; Closures or Limited operations: Storms and power outages during the holiday and winter seasons can close locations along the supply chain and cause havoc across the board. It’s another example of information being power. Having the heads up on closed operations or limited access to pick-up or deliver is critical; Employee sicknesses: They call it the cold and flu season for a reason, but this year COVID-19 has given this a whole new... --- > Pacific Financial Association explains how to use FMCSA tools to ensure compliance and protect your business against shady carriers. - Published: 2020-11-24 - Modified: 2025-01-08 - URL: https://pfaprotects.com/2020/11/24/vetting-your-motor-carriers-means-no-unwanted-surprises/ - Categories: Cargo Theft, Identity Fraud While there are many things for Freight Brokers to consider when contracting with Motor Carriers, one important part of your due diligence is to ensure the carriers with whom you contract have the proper Federal Motor Carrier Safety Administration (FMCSA) authority. It’s also important that your Motor Carriers carry the appropriate lines of insurance coverage. Without question, this is one of the most basic and fundamental of priorities you may have for your Freight Brokerage business. Your Motor Carrier should be appropriately licensed, authorized and insured to protect the loads in question. It is essential to call the Motor Carrier's insurance provider directly to verify the coverage that is listed on the Certificate of Insurance that you are provided. There are many unfortunate instances in the industry when Freight Brokers are provided with a fake certificate from a fraudulent source. The bottom line is that it is your responsibility as a Freight Broker to contact the insurance agent/office to verify that the relevant insurance coverage is properly in place. You may also use the FMCSA Licensing and Insurance public page to search the authority status for any Motor Carriers you contract with. It is encouraged that you seek advice from qualified transportation legal counsel when preparing your due diligence and related strategies. Team PFA --- > Protect your business with commercial general liability insurance see why this insurance coverage is vital in today's landscape. - Published: 2020-08-03 - Modified: 2025-01-08 - URL: https://pfaprotects.com/2020/08/03/why-commercial-general-liability-insurance-coverage/ - Categories: General Liability Why Commercial General Liability Coverage? The answer is simple: To satisfy contracts! General Liability Coverage This isn’t just insurance speak, but it’s an opportunity to have a quick reality check. And that reality is that shipping contracts are including General Liability in the insurance requirements with greater frequency. Landlords and affiliated businesses also require this in the agreements that you’ll encounter as your brokerage expands. The PFA Insurance Team can help you address the contractual terms and all those ‘odd’ insurance requirements. Don’t stress when asked about ‘additional insured, waiver of subrogation, primary non-contributory’ because we’ll help you get them added too. Cyber Coverage Requirements One more reality of today’s commerce and industry is that the thieves can’t always be seen. They are digital, electronic, and remote in their tactics. Due to this threat, some contracts now include cyber coverage requirements. The best coverage tends to be found in specialized policies rather than those that are added onto a package that you have on other exposures. PFA has obtained access to specialized programs that will help you learn about and reduce your potential exposures and protect you if something does occur. Give us a call at 800-595-2615 and a Commercial Insurance Advisor will be ready to help. You can also send an inquiry to agency@PFAprotects. com and we’ll set a convenient time to review this with you. --- > At PFA protects, we are committed to helping freight brokers and truckers when it comes to their transportation insurance needs. - Published: 2020-08-03 - Modified: 2025-01-08 - URL: https://pfaprotects.com/2020/08/03/transportation-insurance-for-freight-brokers-and-truckers-its-easy-to-apply/ - Categories: Freight Brokers The One Stop Shop at PFA continues to expand with easier ways to obtain quotes and more insurance offerings. Freight Broker Insurance Coverage Whether you are a new Freight Broker in need of insurance coverage to protect your brokerage or a current client needing additional coverage to satisfy new requirements on your expanding operations, you can now access the PFA insurance application on our website. This application helps guide you through the information needed for the special freight broker coverage lines of Contingent Cargo, Contingent Auto Liability, General Liability, and Professional Liability (aka: Errors & Omissions). PFA Truck Insurance We are also pleased to announce that due to overwhelming demand, PFA has expanded into offering truck insurance! We have a program that is favorable to smaller and newer carrier operations and is currently available in seven states (AL, AZ, GA, IL, NC, SC, TX). While we await additional states to come online, we have other programs available in other states too. Our insurance team at PFA can also help with other needs too like Cyber, Property, Crime, and Work Comp. Call 800-595-2615 and a Commercial Insurance Advisor will be ready to help you. agency@PFAprotects. com is also a simple way to inquire. --- > Follow along as Pacific Financial Association explains how businesses can use shippers interest to generate leads and revenue. - Published: 2020-06-30 - Modified: 2025-01-08 - URL: https://pfaprotects.com/2020/06/30/roadmap-to-success-shippers-interest-and-more-to-expand-your-business-and-grow-your-revenues/ - Categories: BMC-84, BMC-85, Cargo Theft Expanding your business opportunities is a keystone to business strength and independence. One of the surefire ways to increase your revenues from shippers is Shipper’s Interest. A small investment in Shipper’s Interest and other carefully selected transportation insurance products can help grow your business. Some things to think about as you map out a plan that will take you through the current disruption include: Shipper’s Interest, which can be an effective way to cover high-value cargo, protect key shipper relationships and provide insurance at the time it is needed without facing costs in advance; Contingent Cargo means “peace of mind” and it is frequently required under many shipper agreements; Auto, General, and Umbrella/Excess Liability may also arise in the insurance requirements of certain shippers. Shipper Insurance Requirements When a shipper provides you with their insurance requirements, be aware of three additional coverage requirements. Often called endorsements, these coverage requirements need to be addressed so that we can get you set up correctly from the start. The requests you should clarify with the shipper may include: Additional Insured (AI) – This typically applies to liability coverage. Based on the coverage, specific terms may be required by the requesting party; Waiver of Subrogation (WOS) – In the case that a claim is paid under the policy, this endorsement is intended to prevent the recovery of money from the party named on this form; Primary and Non-Contributory (PNC) – This is intended to make the policy pay before other policies without seeking contributions... --- > The PFAProtects team is helping individuals and teams understand their vulnerabilities in the cyberspace and actions they can take to help. - Published: 2020-04-30 - Modified: 2025-01-08 - URL: https://pfaprotects.com/2020/04/30/even-at-home-cybersecurity-is-a-growing-concern/ - Categories: Identity Fraud Cyber breaches happen when secure, private, and confidential information on your electronic devices is accessed by third parties and released in a way that can set you and your business back in unintended ways. Is My Computer at Risk for Fraud? You may believe your computer system is secure, but the fraudulent actions and targeted attacks upon computer systems – business and personal – only continues to increase. Often, unsuspecting people fall victim to a ploy that can put these systems and data into the hands of cyber thieves. Adopting an Everyday Cyber Security Mindset Cyber security should become part of your work culture, whether most of your systems are accessed at the office or – as in these challenging times – at home. Recurring training and constant self-assessment of you and your employees is an effective way to combat this problem. NXTsoft Cyber Education and Phising One of the best ways to achieve this cyber secure culture is on the strength of the NXTsoft cyber education and phishing platform. It provides effective training and testing of awareness. We believe this on-going program is a must to be cyber-safe. Whether you’re a Freight Broker, Freight Forwarder or Motor Carrier company, your employees play a key role in your first line of defense in the cybersecurity challenge. NXTsoft has granted PFA Transportation Insurance & Surety Services the opportunity to provide you – free of charge –a REMOTE WORK Video Series. This program is timely since many employees are currently working from... --- > An experienced leader in the transportation insurance industry, PFA Protects, explains what is meant by umbrella insurance. - Published: 2020-04-30 - Modified: 2025-01-08 - URL: https://pfaprotects.com/2020/04/30/what-is-an-insurance-umbrella/ - Categories: General Liability Just like a rain umbrella is intended to cover you and protect you from the elements, an Insurance Coverage Umbrella protects you from many inherent risks. The “umbrella” provides additional limits of protection over existing liability coverages. You may also hear this called “excess”, “excess limits” or an “excess policy”. Excess Policy Insurance In true insurance terms, the two achieve the same objective for limits, but in a slightly different design of coverage. Either will still offer the total limits required or desired by you. This is important because an increasing number of shippers are requiring higher limits from Freight Brokers and Freight Forwarders. Often, they reference that you will need to provide an “umbrella” or an “excess policy” for a specific number of dollars, typically $1 million to $4 million. When this arises, it’s important to talk about what works for your particular situation or circumstances. Sometimes, the needed limits are obtained with a second policy; the umbrella or excess policy. However, some of our insurance providers can make the liability policy limits match the total required by the contract. This might help you avoid additional policy fees and reduce the number of policies issued. Our Insurance Team here at PFA Transportation Insurance & Surety Services is ready to discuss your concerns, your needs, and the contractual demands you face. We are here to help you with what you need and finding the limits and coverage when you need it! --- > Shine a spotlight on the interests of shippers to maximize success in your operations, the PFA Protects team explains how it is done. - Published: 2020-03-31 - Modified: 2025-01-08 - URL: https://pfaprotects.com/2020/03/31/ensuring-your-success-spotlight-on-shippers-interest/ - Categories: BMC-84, BMC-85, Freight Brokers, Freight Forwarding When the going gets tough, the tough get going. And there’s no question that the going is tough as Americans in all sectors and from all walks of life join together in the national and global fight against COVID-19. Network of Critical Shipments Despite the extreme adversity, today is an opportune time to be part of the network of critical shipments that are needed in our nation. This may mean you are suddenly facing new shippers, possibly higher cargo limits, commodities that are not common to you, and possibly a growing number of new motor carriers to deliver for you. Shipper's Interest Cargo In the midst of all of this, we suggest that Shipper’s Interest cargo can help you with some peace of mind. Since the coverage limit is determined per load, you don’t have concerns of the trucker having adequate limits and acceptable deductibles. Shippers Interest is a quality coverage and responds promptly to pay the claim timely; helping you focus on other issues. Often the shipper is paid sooner than settling with the trucker’s insurer. This makes your customer easier to satisfy should a claim occur. With Shipper’s Interest, you don’t need to seek excess limits if the trucker’s limits are not adequate. This coverage can also reduce your contingent cargo exposure as the possible failure of the trucker’s policy to pay is not a factor of concern. Some Freight Brokers use this option for a trucker that may have adequate limits, but concerns exist over their coverage... --- > Bridge the revenue gap with factoring or small business loans. Learn more at PFA Protects for financial support. - Published: 2020-03-31 - Modified: 2025-01-08 - URL: https://pfaprotects.com/2020/03/31/a-helpful-pit-stop-is-it-time-to-consider-revenue-bridging-such-as-factoring-or-small-business-loans/ - Categories: BMC-84, BMC-85 Many businesses are struggling to maintain regular business operations as their normal cash flow has been significantly impacted by current conditions. Not only is it important to keep yourself and your loved ones healthy, but your business as well. We have some suggestions to help you bridge this challenging set of circumstances. Perhaps factoring could be a solution to consider or even a small business loan to help navigate these uncharted waters. Small Business Loans The United States federal government is stepping in to help small business owners with small business loans. Your business could qualify, especially given the importance of maintaining the supply chain for our economy. For information on the most updated small business loan information. This current crisis is affecting many businesses in most sectors. Very few are being spared in the way of adversity caused by shutdowns and slowdowns. Even the biggest of transportation companies can be faced with the kind of perfect storm that puts huge pressure on monthly or quarterly financials. Freight Broker Cash Flow Management As strong proponents of factoring in cash flow management for successful Freight Brokers, we have direct access to the best factoring companies in the country. Email us today at webinfo@PFAprotects. com or call us at 1-800-595-2615 and we’ll steer you in the right direction. If you’re already part of the PFA family, simply ask for your Account Manager to refer you to a factoring company well-suited to your situation and circumstances. Team PFA --- > Discover expert supply chain best practices during the COVID-19 pandemic with our team of experienced navigators. Stay informed and adapt to the evolving challenges of the supply chain industry to ensure operational resilience and success. - Published: 2020-03-31 - Modified: 2025-01-08 - URL: https://pfaprotects.com/2020/03/31/your-expert-navigators-supply-chain-best-practices-during-covid-19-pandemic/ - Categories: Freight Brokers, Freight Forwarding According to SensiGuard, these times merit special measures for Freight Brokers, Freight Forwarders, Motor Carriers and others in the transportation industry: In-demand items (sanitizers, soaps, facemasks, pantry staples) should receive increased security protocols. These items will be targeted more aggressively during the pandemic. Allow additional time to search for parking. Do not leave cargo unattended, even for a brief period. Instruct drivers to inspect trailers and seals prior to initiating route and at all stops, to ensure curtains/doors have not been penetrated. Confirm receiver availability and hours of operation as they may have changed. Be prepared for notification mid-route that a receiving facility will be closed and be prepared to locate alternate destinations. If your organization has not done so already, conduct desktop assessments of your warehousing options and your provider’s security levels at any alternate sites. Example: Have your Logistics Service Providers (LSPs), provide feedback to you now on what warehouses are TAPA-compliant or what existing security measures are in place.  (Read More) Additionally, LSPs should consider conducting a TAPA self-assessment as part of a desktop exercise for any complacency, or new vulnerabilities. Covert GPS tracking and active monitoring of high-risk shipments are highly recommended, as they have proven to be the most effective protocols to both mitigate in-transit theft and facilitate successful recovery of stolen product. --- > Discover the roadmap to success by embracing innovative thinking and stepping outside of the box. Gain valuable insights and strategies for achieving your goals at PFA Protects. - Published: 2020-03-31 - Modified: 2025-01-08 - URL: https://pfaprotects.com/2020/03/31/roadmap-to-success-thinking-outside-of-the-box/ - Categories: Surety Bonds With a supply chain in flux, those of you who think outside of the box and expand your horizons will come out of this period stronger than before. That calls for new specialties. In the same way that General Motors is manufacturing respirators and shoe companies such as New Balance are producing masks, there will be opportunities for you to move beyond your comfort zone in the immediate near future. When one door closes, others could open. It means taking advantage of opportunities that have arisen such as shippers with high demand. It also means considering specific regional freight needs. Do you need to shift some of your resources to other parts of the country? This kind of thinking is not only important for you in protecting your business and ensuring your success – to put it in PFA language – it is important for entire sectors and for the country in the coming weeks and months. --- > Gain a competitive edge in a dynamic supply chain environment with effective strategies for fueling up your operations. Explore valuable insights and practical guidance at PFA Protects. - Published: 2020-03-31 - Modified: 2025-01-08 - URL: https://pfaprotects.com/2020/03/31/fueling-up-a-supply-chain-in-flux/ - Categories: Cargo Theft, Department of Defense, General Liability Adversity brings out the best in many of us. That will be counted on in the coming months as we adapt to the challenges of the COVID-19 crisis.   Those of you focused on the restaurant industry, for example, may need to shift gears to supporting the demand being faced by grocery stores, pharmacies and health food stores. There will be a slowdown – at least for the short term – in many products and services considered non-essential and a huge spike in those more essential to public health and safety. Are there competitors who could become collaborators? Could you team up on some opportunities with companies that are rivals? Or, are there trade-offs that you could make with other Freight Brokers or Motor Carriers? Are you built to be part of the solution in working with various levels of government and the health care sector? Are there ways in which you could help in the distribution and delivery of masks, ventilators and other hospital equipment? Now is the time to do your homework on how the supply chain has changed rapidly in recent weeks and what that means for all of us in transportation.   Keep in mind that many of the events and typical milestones held each spring will now be pushed back 90 to 120 days. That needs to be part of your planning – or revised planning -- for the balance of 2020.   Those who pivot and are quick on their feet this spring will... --- > Embrace new possibilities for cargo shipping in 2020. Discover exciting opportunities and try something new at PFA Protects. - Published: 2020-01-03 - Modified: 2025-01-08 - URL: https://pfaprotects.com/2020/01/03/try-something-new-in-2020/ - Categories: Cargo Theft, General Liability Failing to plan is planning to fail. And that applies to planning to do some new things in 2020. Now’s the time to consider those new twists for the new year. Sometimes, even a small shift can mean new business. You’ve probably been thinking about a few new opportunities over the last few months; now is the time to get serious and make them happen. A prominent question on the minds of many Freight Brokers is a simple one: What can increase business? PFA Transportation Insurance & Surety Services is always exploring this key question for many Freight Brokers: “How can I make my company more desirable to Shippers? ” Cargo Coverage Services One of the primary protections for you – and one commonly desired by Shippers – is some form of cargo coverage. It’s worth considering and several options exist. Most Freight Brokers have heard of and consider Contingent Cargo insurance. That is a great protection for most. Yet, have you considered how other options may increase your revenues? Shipper’s Interest and Excess Limits for Cargo are two additional coverage options that make Freight Brokerage companies more marketable to Shippers. It seems to come back to the basics, with cargo protection being a key in many contracts. We often see companies realizing they want protection and others realizing they want to be more ‘marketable’. Shipper's Interest Cargo We have been suggesting more of the Shipper’s Interest Cargo coverage to help address concerns of how a trucker’s policy may fail... --- > PFA Protects explores different methods for being a sought after shipper by increasing your visibility to potential customers and clients. - Published: 2019-12-05 - Modified: 2025-01-08 - URL: https://pfaprotects.com/2019/12/05/making-yourself-more-marketable-to-shippers/ - Categories: Freight Brokers, Freight Forwarding Recognizing that your customers are what ultimately drive your business, one of the key questions for many Freight Brokers is “how can you make yourself more marketable to Shippers? ” The basics of self-marketing 101 in the transportation industry include Cargo protection, General Liability protection and Auto protection. How about ensuring that you have a supplementary indemnity in place (at least $25K)? It’s worth considering. These small investments can yield significant increased opportunities. Insurance Grows Revenue Most people believe insurance is about protection. And at its very core, it certainly is. Yet, have you considered how it can grow your revenues? We have seen insurance coverage increase revenues by making Freight Brokerages more marketable to Shippers, as just one example. Shipper's Interest Cargo Time and time again, it seems to come back to the basics of 1. Cargo protection 2. CGL protection 3. Auto Protection. We see contractual demands. We see companies realizing they want protection and others realizing they want to be more ‘marketable’. These are the three keys. We have been suggesting more of the Shipper’s Interest Cargo to help address concerns of how a trucker’s policy may fail to pay or fail to pay timely or fail to pay all of the losses incurred. So, use the Shipper’s Interest! The most recent case study that comes to mind involved our team at PFA helping customers garner new business. Special cargo demands (coverage for commercial hemp loads) were successfully protected and a contract to haul was secured. In... --- > Gain 2020 vision for success in the transportation industry. Embrace trends, plan strategically, and achieve growth. Team PFA can guide you there. - Published: 2019-12-05 - Modified: 2025-03-04 - URL: https://pfaprotects.com/2019/12/05/bring-your-2020-vision-into-the-new-year-for-2020-success/ - Categories: General Liability The end of one year and the start of the next is always a good time to take stock of where you’re at. That’s as true for businesses in any sector – including the rapidly-evolving transportation industry – as it is for people. Perhaps it’s time to elevate your company’s planning for 2020 with a little bit of the old and a little bit of the new when it comes to goal-setting. The old axiom around planning still haunts the ghosts of corporate USA past: Fail to Plan. Plan to Fail. And many have failed simply because they didn’t spend enough time planning for the mid and long terms. In the eyes of many, planning has only become more important in recent years. That’s partly because so many industries are changing so quickly and not enough of the companies within those sectors are keeping their eyes on the early adopters and change agents. There’s no better year for your company to have 2020 vision than in 2020! Do the things that let you have a feel for where the transportation industry is going, not only here in the United States, but around the world. Global perspectives often help us learn from others... and vice-versa. Look at industry forecasts and trends. Consider changing demographics. Explore how technology is shaping other sectors and identify why and how some of the same changes could come to freight, shipping and cargo. Yet the other reasons why planning is becoming more – not less –... --- > Prepare for the holiday season and winter weather challenges with our comprehensive guide. From icy conditions to seasonal hazards, learn how to stay safe and secure. - Published: 2019-12-05 - Modified: 2025-01-08 - URL: https://pfaprotects.com/2019/12/05/holiday-and-winter-weather-challenges/ - Categories: Cargo Theft, General Liability Congested roadways are one of the surest signs that Santa Claus is coming to town. The sheer volume of holiday shopping can cause heavy traffic at malls and retail districts even in dry weather. Add freezing rain and snow, and you have yourself a headache, especially if you’re in the transportation business. Holiday and winter seasonal challenges for transportation industry leaders include: Congested roadways: The remedy is the gift of GPS. Most new Google Maps applications and other software will save you from hours in traffic by flagging heavy traffic and suggesting alternative routes. Of course, most professional drivers have become very savvy in “scouting” out their travel plans ahead of time, especially in the weeks between Thanksgiving Weekend and New Year; Bad weather: Snow, freezing rain, black ice. If you live north of the Mason-Dixon line, you tend to be old pros when it comes to the ravages of winter. Most trucking companies cross into serious winter weather no matter where they are headquartered. All the safety precautions apply here – including knowing when to stay off the road. Equipping your drivers with the latest apps and weather media channels – including The Weather Channel and Weather Underground – is a smart play. Being conversant in bad weather is also essential to Freight Brokers, Forwarders and Shippers. That’s why truck insurance providers have become good resources for weather advisories; Closures or Limited operations: Storms and power outages during the holiday and winter seasons can close locations along the supply... --- > Discover key insights from the ATRI Report on Operational Costs for Truckers, we share valuable information on trucking industry trends. - Published: 2019-12-05 - Modified: 2025-01-08 - URL: https://pfaprotects.com/2019/12/05/atri-operational-costs-for-truckers/ - Categories: BMC-84, BMC-85 Tommy Ruke – aka The King Pin -- of the Motor Carrier Insurance Education Foundation knows his stuff and loves the opportunity to share information with trucking companies that want to make a difference, for their customers in particular and for the transportation industry in general. Here’s the lowdown on the ATRI Report on Operational Costs for Truckers from one of the consummate leading experts in truck insurance. https://truckingresearch. org/   The ATRI analysis of the operational costs of trucking is a 2019 update that reflects 2018 operating costs. To download the full report at no cost, go to truckingresearch. org. Each year, ATRI reports on a survey they conduct. You need to understand who responds and how their information is used. First, ATRI is an affiliate of the American Trucking Association, so their research is for large interstate fleets (private and for-hire). Sector Respondents Truckload (TL) 37% Less-than-Truckload (LTL) 42% Specialized/Other 21% Risk Size Respondents 0-5 6% 5-25 15% 26-100 29% 101-250 11% 251-1000 21% 1000+ 18% Results are therefore a reflection of the 79% of motor carriers with more than 26 power units. Equipment Average age of power unit – 4. 4 years Average miles – 91,506 – A little higher than last report Replacement – 7 years, 700,000 miles Overview of results Increased costs from 1. 691 in 2017 to 1. 821 in 2018 – 7. 7% 2018 was a “very” good year as far as hauling rates are concerned, as was most of 2017 the year... --- > Enhance your 3PL business with Shipper's Interest Insurance. Protect cargo against loss or damage without proving negligence. Gain an extra layer of protection and streamline operations with shipAssured integration. Contact Falvey Shippers for tailored coverage and stronger client relationships. - Published: 2019-10-28 - Modified: 2025-01-08 - URL: https://pfaprotects.com/2019/10/28/shippers-interest-insurance-benefits-for-3pls/ - Categories: Freight Brokers, Freight Forwarding Falvey Shippers Insurance is an official Provider Partner to PFA Transportation Insurance & Surety Services for 3PL Cargo Coverage Programs. Here is their take on Shipper’s Interest, the benefits to 3PLs and the upside of technology integration: Shipper’s Interest Insurance provides cargo owners with door-to-door coverage of goods against all risks of physical loss or damage. The shipper is protected from financial loss, transferring the risk to the insurance company, without having to prove negligence. Shipper’s Interest Insurance is an excellent risk management solution for shippers, however, transportation intermediaries have just as much to gain as shippers and are positioned better for the procurement of these transactional policies. Benefits for 3PLs Transportation Intermediaries can better protect both their clients and their own business through a Shipper’s Interest Insurance program. Many small and medium-sized business supply chains do not have access to transactional all-risk cargo policies, so they look to their logistics provider to assist. This value-added service not only enhances the relationships with your clients, it provides an extra layer of protection when your carrier partners’ liability policy does not respond to a claim. As previously stated, the Shipper’s Interest policy does not need the shipper to prove any party’s negligence, which avoids legal action and keeps the intermediary as a neutral third party. Lastly, this coverage prevents claims being filed against the transportation intermediary or their contingent policy, saving on both internal and legal costs. It’s important to note that Shipper’s Interest Insurance policies are non-standard—their limits, deductibles, exclusions,... --- > PFA Transportation Insurance & Surety Services shares how to safeguard your business from liability by properly vetting your motor carriers. - Published: 2019-10-28 - Modified: 2025-03-04 - URL: https://pfaprotects.com/2019/10/28/best-practices-protect-your-business-by-properly-vetting-your-motor-carriers/ - Categories: Identity Fraud Best Practices for Vetting Your Motor Carriers There are many resources online regarding best practices in the transportation industry for freight brokers to ensure that their motor carriers are properly vetted. In-House Transportation Insurance & Surety Claims Here at PFA Transportation Insurance & Surety Services, our in-house Claims Department has first-hand knowledge of the pitfalls freight brokers face in those cases when motor carriers are hired without appropriate vetting. Examples include: Claims where the freight brokerage tendered a load to a motor carrier that did not have proper carrier authority; Claims where the freight broker did not have proper insurance (or the insurance lapsed) after the load was tendered, but prior to completing the contracted services. These difficult situations could have been avoided had the companies involved done their due diligence prior to tendering the load. Failure to do so can expose the freight brokerage to liability they would not otherwise be subject to under the claim of negligent hiring or entrustment. Qualification Questions to Ask Transportation Carriers One of the most important things freight brokers can do to protect themselves from these liabilities is to develop and maintain a set of procedures for carrier qualification in order to ensure that business is being conducted with reputable and qualified motor carriers. It’s very important in our view to document the processes and procedures, then keep records in order to prove consistency of the qualification processes. At a minimum, BEFORE tendering any freight to a motor carrier company, we strongly encourage... --- > Protect your business from theft during the holiday season. Secure your cargo and reduce the risk of theft with anti-theft measures! - Published: 2019-10-28 - Modified: 2025-01-08 - URL: https://pfaprotects.com/2019/10/28/holiday-theft-is-a-going-concern/ - Categories: Cargo Theft Protecting your business against theft is important at any time of year, but none more so than this holiday season between Thanksgiving and New Year’s. That’s when cargo at rest tends to become cargo at risk. And thieves will make it cargo that’s stolen, especially if you make it easy on them. Even though we don’t have the same mechanisms in place to track cargo theft the way we do for break-and-enter, burglaries or auto theft, we do know that theft tends to increase during the holiday season. Part of that is that there is just so much more cargo in play. High volumes of shipping mean high values of goods that can be targeted by cargo thieves. The real issue of vulnerability is cargo at rest, which is often just sitting there waiting to be stolen or pilfered. In fact, with electronic tracking devices mandated and becoming more prevalent in cabs, less thieves are interested in stealing entire loads. That has led to a rise in selective pilfering. Christmas comes each December, but the Christmas cycle actually begins each September. That’s when warehouses are likely to be full and when shipping picks up as retailers stock up for the holiday buying season. Anti-Theft Precautions for Transport Companies Transportation companies that tend to be diligent in their anti-theft measures year-round tend to be the ones that show the best results during the busy holiday season. They are the companies that: 1. Are aggressive and consistent in their anti-theft precautions, including... --- > Discover the importance of freight broker education and training to build a successful brokerage. Learn more from PFA! - Published: 2019-09-30 - Modified: 2025-03-04 - URL: https://pfaprotects.com/2019/09/30/grow-your-business-with-freight-broker-training-education/ - Categories: Freight Brokers HOW FREIGHT BROKER EDUCATION CAN GROW YOUR BROKERAGE There is a reason that Freight Broker education requirements were implemented with the passage of MAP-21. They work! A quality Freight Broker education program is one of the most effective tools you can give yourself to build a successful freight brokerage. It can also be vital in taking a moderately successful brokerage to the next level. Our team at PFA is committed to helping you build the most profitable business that you possibly can. One of our dedicated Account Managers can refer you to an excellent Freight Broker training program and/or professionals that specialize in helping entrepreneur-type businesses maximize their profit and potential. Although the FMCSA is not currently enforcing section 13904 of MAP-21 – which requires brokers to have three years of experience or complete a broker training program -- such enforcement may begin at some point. Get compliant and help your company gain valuable knowledge for your own success at the same time. Please call us today at 800-595-2615, we are happy to give you referral sources that will provide you with excellent training and education! And that training and education can give you the edge you need to be successful for the long haul. --- > Protect your collateral and bonds with PFA's BMC-84/BMC-85 claims department. Expert legal support and unmatched claims processing. - Published: 2019-09-30 - Modified: 2025-03-04 - URL: https://pfaprotects.com/2019/09/30/pfa-advantages-of-in-house/ - Categories: Surety Bonds Experienced BMC-84 Claims Department Who has the most experienced Claims Department in the transportation surety industry? PFA. Why play Jeopardy with a less experienced claims team watching over your BMC-84/BMC-85? If you are not already with PFA Transportation Insurance & Surety, consider the importance of protecting your collateral and/or bond. We offer claims knowledge and experience that is unparalleled in the entire Freight Broker surety industry. We have extensive legal expertise in the specifics of Freight Broker regulations and the best news is that we process ALL claims in-house. Can your current surety provider say that? Why does all of this matter so much in the protection of your business? Our claims servicing department guards clients’ collateral and/or bond by ensuring that only legitimate claims are processed; As the industry leader in BMC-85s for two decades, our claims staff has processed more claims than any other surety provider; This same expert, dedicated, claims department manages the claims for our BMC-84 customers as well; Unlike other multi-line sureties, PFA only deals with broker bond claims and works diligently to protect broker contracts; We keep track of every claim from start to finish by constantly processing the required paperwork and communicating with all parties until it is closed; PFA provides the best possible customer service in the entire industry. Call us today to find out more about our in-house claims team. It’s one of the signature advantages of trusting your business to the team at PFA. --- > Commercial General Liability (also known as CGL or GL) is an important coverage for any type of business. Learn more about this coverage. - Published: 2019-09-30 - Modified: 2025-03-04 - URL: https://pfaprotects.com/2019/09/30/pfa-spotlight-on-coverage/ - Categories: General Liability Commercial General Liability Insurance Commercial General Liability (also known as CGL or GL) is an important coverage for any type of business. Contractors and Landlords are often requiring this coverage. If you work from home, many people believe their Homeowners Insurance is adequate, but be aware that many business activities may be denied coverage in the event of a claim. Examples of cases calling for General Liability Insurance Consider the following scenarios as among the reasons why you should have a proper “GL” policy: Contractual Requirements of Shippers, Landlords, and Vendors – This is usual and customary in many business-to-business scenarios; Protect Your Company’s Assets – Defense and Payment for Claims if any arise; Opportunities to Approach More Shippers – You have a Certificate of Insurance available if they ask about your Insurance; Financial Obligations of Creditors – This may mean a need for Property Coverage, too! What kind of claims occur? Actions and activities due to a negligent act by an employee – Activities where actions lead to personal injury or property damage of others; Libel and slander cases – Written or verbal statements that are claimed as injurious to others; Good Samaritan Rule – Damages or harm caused in the act of assisting others in need; Self-defense causing bodily injury – Others claiming your actions of self-defense caused them harm; Attractive nuisance – Children that are injured while on your property after being drawn to some equipment or other items of interest; Office party exposures – Invitees that... --- > Freight Brokers can be held legally liable for losses that are beyond bodily injury, property damage, and loss of cargo. Learn about Liability Insurance. - Published: 2019-08-22 - Modified: 2025-01-08 - URL: https://pfaprotects.com/2019/08/22/spotlight-professional-liability-insurance/ - Categories: General Liability, Special Errors & Omissions PROFESSIONAL LIABILITY INSURANCECan a Freight Broker be legally liable for a loss that does not result in bodily injury, property damage, or pollution damage that is not covered in a Freight Broker Auto Liability or General Liability policy? Can a Freight Broker be legally liable for financial loss that is not a cargo loss or damage to the property of others? These are two fundamentally important questions for a Freight Broker to consider when contemplating the purchase of Professional Liability Insurance*, which is sometimes referred to as Errors & Omissions Insurance. The answer to both questions is YES. Freight Brokers can and have been held legally liable for losses that are beyond bodily injury, property damage and loss of cargo. A Professional Liability policy covers the insured’s legal liability for errors and omissions that are committed during the normal course of a Freight Broker’s business. A Freight Broker may make mistakes while undertaking daily operations (i. e. overlooking a critical piece of information or inadvertently conveying misinformation) and could be sued by their clients. Specifically, a Freight Broker needs Professional Liability Insurance to cover their legal liability for the following exposures:Failed Delivery - i. e. the Freight Broker instructed the Motor Carrier to deliver the goods to the wrong location. Miscommunication - i. e. the Freight Broker told the Consignee that the load would be delivered on Thursday when he meant Tuesday. Regulatory Errors - i. e. the Freight Broker did not know the regulations and the load was impounded... --- > Looking for traffic management expertise? Take advantage of the long-awaited open season for DoD bonds. We provide SDDC bonds and contingent cargo insurance to help Freight Brokers qualify. Contact Pam at 800-595-2615 ext. 658 for a competitive quote today! - Published: 2019-06-27 - Modified: 2025-01-08 - URL: https://pfaprotects.com/2019/06/27/finally-an-open-season-for-dod-bonds/ - Categories: Department of Defense Required for Military Surface Deployment and Distribution Command The Department of Defense is looking for traffic management expertise for domestic movement solutions and capabilities to meet DOD customer requirements for quality and velocity at the best-value. The recent announcement that the Military Surface Deployment and Distribution Command (SDDC) will accept domestic motor transportation service provider (TSP) registrations has been long-awaited and we’re here to help domestic motor TSPs qualify (including Freight Brokers and Freight Forwarders). In order to take advantage of this opportunity – during the narrow application timeframe that runs through February 29th, 2020 – Freight Brokers must have an SDDC bond in place. We can provide this and back it up with our experience and expertise in all forms of bonds, including our status as the nation’s largest provider of BMC-84s and BMC-85s. Our surety is part of the ‘Department of the Treasury’s Listing of Approved Sureties. ’ We can also help you put in place the Contingent Cargo Insurance that is also required for the application process. This application process is available to Freight Brokers that have three years of uninterrupted operating authority with the FMCSA. We’re here to help keep you as marketable as possible to all shippers. Even if the SDDC process does not interest you or you do not meet the experience requirement, having transportation insurance in place is an effective marketing tool with most shippers and in fact, many require it. Please call our office 800-595-2615 ext. 658 for a competitive quote today! --- > In 2017, FMCSA updated their unified registration system. Read more from PFA about the changed implemented for transportation insurance. - Published: 2016-09-14 - Modified: 2025-01-08 - URL: https://pfaprotects.com/2016/09/14/update-on-the-fmcsas-urs-implementation/ - Categories: Special Errors & Omissions, TSP Onboarding Unified Registration System Implementation The FMCSA recently announced a three-month extension of the Unified Registration System (URS) effective date until January 14, 2017, with a new full compliance date of April 14, 2017. We posed some questions to our sources at the FMCSA and received helpful information: 1. The FMCSA website states that URS rule compliance applies to freight brokers and freight forwarders. If this is the case, how does an existing entity (not in the URS) update their information into the URS? When URS goes live, existing entities will be able to access URS via their portal accounts, similar to how they access MICMIS and L&I now. Until URS goes live, existing entities update their information via our legacy processes: 2. What action (if any) is required of brokers who have an MC number and a DOT number, but have no changes to make in their information? Is there a requirement to register in URS, is this automatic, or is this done with the next regular biennial update? There is no action required by existing entities when URS goes live. Existing entities data will be migrated into the URS system. MC numbers will go away and the USDOT # will become the sole identifier for a registered entity. For entities without a USDOT #, they will be issued one prior to URS. 3. The FMCSA website states that ALL entities under its jurisdiction need to do a biennial update. Is this correct and if so, what is the procedure... --- > Stay compliant and keep your records up to date with the FMCSA. Learn why it's crucial to update your information and find expert guidance at PFA Protects. - Published: 2016-05-23 - Modified: 2025-01-08 - URL: https://pfaprotects.com/2016/05/23/dont-forget-to-update-your-information-with-the-fmcsa/ - Categories: Freight Brokers, Surety Bonds FMCSA Phased Rollout of Unified Registration System The FMCSA launched a phased rollout of the Unified Registration System (URS). All new registration applicants are currently using the new URS Application. Existing registrants (entities that have a USDOT number and/or operating authority) can update their information using all of the existing processes – online and paper forms – until September 30, 2016. After this date, existing registrants will use the new URS as well. Any time a carrier or other regulated entity changes its name or address, or other details in their record, they should update their USDOT and operating authority record with the FMCSA in a timely manner. In addition, the FMCSA requires all entities under its jurisdiction to update their information every two years. Per the FMCSA, failure to complete a Biennial Update will result in deactivation of your USDOT number and may result in civil penalties of up to $1,000 per day, not to exceed $10,000. Visit the FMCSA website for more information or to make an update: --- > Curious what is new for PFA Brokers? Learn more from PFA Transportation Insurance as they update and share their new broker policy. - Published: 2016-05-23 - Modified: 2025-01-08 - URL: https://pfaprotects.com/2016/05/23/whats-new-for-pfa-brokers/ - Categories: Freight Brokers Latest PFA Protects Updates Autopay Now Available Pacific Financial Association now has autopay! Let us make things easier for you, our valued brokers, to make your BMC-85 trust fund payment. If you are not already signed up for autopay, please contact your account manager and receive $50 off of your next payment when you sign-up for this convenient service. We also now accept American Express in addition to VISA, MasterCard, Discover, and checks. Factoring Receivables We are committed to providing exceptional customer service and finding ways to help you as a broker, be as successful as possible. If you are having cash flow issues due to slow-paying shippers, there are solutions! Your dedicated PFA account manager will provide you with information and an excellent referral source to help you focus on sales and growing your business. DOD Performance Bonds Many of you have inquired about DOD Performance Bonds and we listened! If military freight is an area you are interested in pursuing, or are currently engaged in, we are pleased to announce that our subsidiary, Artisan Bonding and Insurance Services, can provide these performance bonds required for moving military freight. Please call Andrew or Pam for a competitive quote today! Here is their contact information: Artisan Bonding & Insurance Services, LLC 3101 West Coast Highway, Suite 314 Newport Beach, CA 92663 (800) 598-7535 sales@artisanbonding. com www. artisanbonding. com Your success is our success! --- --- ## Episodes - Published: 2021-07-31 - Modified: 2021-07-31 - URL: https://pfaprotects.com/episode/season-1-episode-3/ PFA CEO Daniel Larson discusses how you can save money by bundling your Freight Broker bond with transportation insurance. --- - Published: 2021-05-29 - Modified: 2021-06-15 - URL: https://pfaprotects.com/episode/season-1-episode-2/ Daniel Larson explains the importance of getting the right insurance protection in place. --- - Published: 2021-04-01 - Modified: 2021-05-04 - URL: https://pfaprotects.com/episode/s1e1-daniel-larson-04022021/ PFA CEO Daniel Larson explains the family roots behind the company and gets into the merits of Freight Broker Authority for Motor Carriers. --- --- ## Portfolio ---