bmc-84 claim

Handling Freight Broker Non-Payment as a Carrier or Shipper Once carriers and shippers have met their end of a contract, freight brokers are legally obligated to pay as part of their end of the contract. But what happens if you’ve completed a haul and delivered as promised, and the freight broker refuses payment or suddenly drops off the radar? Carriers and shippers know this scenario too well. The work is done, but the payment is missing, leaving your business in the red and chasing what you rightfully earned. Fortunately, the broker’s BMC-84 Surety Bond or BMC-85 Trust Agreement exists for exactly these situations. These safeguards help the broker meet their financial obligations and ensure carriers and shippers get paid after completing their work. Filing a Claim with PFA Transportation Insurance and Surety Services Filing a claim is the most effective path to seek recovery. At PFA, we go beyond being […]