Diamond Broker Bond Program
Stand out from the crowd.
Deliver assurance to carriers through Truckstop’s Diamond Broker Bond.
Diamond Broker Bond Program
Our Diamond Broker Bond delivers a proven marketing and advertising advantage on the Truckstop Load Board. Carriers are instantly delivered valuable assurances regarding credit, performance history, and quality of the bond to aid in the broker selection process.
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Load board designation
A Diamond Broker Bond delivers valuable assurances to carriers regarding your credit, performance history, and quality of your bond.
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Credit score monitoring
ITSFS monitoring, change notification, and help protecting and improving your credit score.
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Symbol of performance
Show carriers your word is your bond with logos, certificates, and marketing materials.
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Support, strength, stability
Know your bond is held by a company with stability and financial strength.
Quality, vetted bond issuances
- BMC-84 Surety Bonds A+ (Sup.) rated
- BMC-85 Trust Fund Bonds
- BCM-85 Trust Guarantee Bonds – (Blended Program)
- SDDC/DOT Bonds
Quality, vetted bond issuances
- Surety bond offered through McGriff, Seibels and Williams/Roanoke Trading Services by an AM Best “A” rated carrier.
- Trust fund bond offered by ITS Financial
- Electronic bond filing with the FMCSA.
- Bond is continuous until canceled.
- Annual premium and surety bond premiums due upon acceptance and prior to Diamond Broker/Diamond Bond anniversary date.
Bond Options
- 3 or more years in business as a Broker.
- Balance Sheet past 2 year plus year to date.
- Profit & Loss past 2 year plus year to date.
- Insurance (if applicable): Copy of Insurance: Errors & Omissions (Professional Liability Insurance) and/or General Liability.
- 3 or more years as a Truckstop Broker member
- Experience Factor Rating: “A”
- Days to Pay: 30 Days or less
- Monthly Postings: 10 or more
- Non-Payments: None
- 1 or more years with active broker authority
- Experience Factor Rating: “A”
- Days to Pay: 39 Days or less
- $3,000 One-time, non-refundable risk management fee (no financials needed)
- 1 or more years with active broker authority
- Experience Factor Rating: “A”
- Days to Pay: 39 Days or less
- $25,000 One-time, “REFUNDABLE” deposit (if no claims)
- $75,000 “REFUNDABLE” deposit (if no claims)
- No cost, no annual fees
Frequently Asked Questions
Yes. Either party may cancel the agreement with 30 days’
notice by using Trust Fund Agreement FMCSA Form BMC-85. The Notice of Cancellation is at the very bottom. The form
can be transmitted to the FMCSA using the website listed or a Trustee can file on the party’s behalf.
When the new bond is filed before cancellation of the
old bond the old bond is reported as “replaced” in the Broker’s “Insurance History.” The new bond is shown in the
Brokers “Active/Pending Insurance” within two business days following bond approval.
Your bond and
the administration of that bond remain in full effect. The only change would be the designation provided on the
Truckstop website. ITS Financial Services, LLC will notify you of the change and provide advice on restoring
your rating. A lowering of the credit rating may affect future bond pricing.
No, unlike some firms who charge as much as $250 per claim, our
policy is to charge no fee for claims or inquiries.
Disclosure:
Property Broker bonds on this site are provided and serviced by Roanoke Underwriting, a division of Roanoke Insurance Group Inc., Managing General Underwriter for American Alternative Insurance Corporation. A bond quote is not binding unless the applicant receives written confirmation of approval via this system or via a licensed Roanoke Underwriting employee. This system is designed and brought to you by ITS Financial Services, LLC.
Property Broker bonds on this site are provided and serviced by Roanoke Underwriting, a division of Roanoke Insurance Group Inc., Managing General Underwriter for American Alternative Insurance Corporation. A bond quote is not binding unless the applicant receives written confirmation of approval via this system or via a licensed Roanoke Underwriting employee. This system is designed and brought to you by ITS Financial Services, LLC.
Let's Talk.
Learn more about the Diamond Broker Bond Program and how it can help grow and protect your business.
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