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  2. Freight company - Wikipedia

    en.wikipedia.org/wiki/Freight_company

    In order to obtain a license to broker freight, a freight brokerage must purchase a surety bond or trust agreement with the Federal Motor Carrier Safety Administration (FMCSA). [3] Prior to June 2012 when the bill was signed by President Obama, the surety bond coverage required to hold a broker license was $10,000.

  3. Insurance - Wikipedia

    en.wikipedia.org/wiki/Insurance

    A broker generally holds contracts with many insurers, thereby allowing the broker to "shop" the market for the best rates and coverage possible. Insurance may also be purchased through an agent. A tied agent, working exclusively with one insurer, represents the insurance company from whom the policyholder buys (while a free agent sells ...

  4. More Freight Brokers Dragged Into Carriers' Personal Injury ...

    www.aol.com/news/more-freight-brokers-dragged...

    It turns out that $1,000,000 isn't enough for some plaintiff's attorneys. Plaintiffs' attorneys have been suing freight brokers for years over alleged negligent selection and vicarious liability ...

  5. Freight claim - Wikipedia

    en.wikipedia.org/wiki/Freight_claim

    A freight claim or cargo claim is a legal demand by a shipper or consignee against a carrier in respect of damage to a shipment, or loss thereof. [ 1 ] [ 2 ] [ 3 ] Typically, the claimant will seek damages (financial compensation for loss), but other remedies include " specific performance ", where the cargo-owner seeks delivery of the goods as ...

  6. A comprehensive guide to small business insurance: Here’s how ...

    www.aol.com/finance/comprehensive-guide-small...

    General liability insurance protects you against financial losses that may result from bodily injuries or property damage that occur due to your business. For example, if a client is injured on ...

  7. Freight broker - Wikipedia

    en.wikipedia.org/wiki/Freight_broker

    Co-brokering is a legal practice used to ensure there is an available truck to transport freight. A 4PL may use a 3PL broker to match loads with trucks, with a shippers knowledge. The primary broker will take a lesser amount of the fee and the secondary broker will book the load for transport receiving a larger share of the same fee. [7]

  8. Why small businesses need general liability, property – and ...

    www.aol.com/news/why-small-businesses-general...

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  9. Commercial general liability insurance - Wikipedia

    en.wikipedia.org/wiki/Commercial_general...

    Whether or not general liability insurance covers construction defects or "faulty workmanship" is a matter of some debate, as some insurers have viewed poor workmanship as a risk that is covered by a surety bond rather than an insurance policy given that a construction professional may have some influence (through attention to detail, skill, and effort) over whether such a defect occurs.

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