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TIA GPP benefits brokers and carriers with limits beyond the $10,000 bond
Avalon offers the TIA Guaranteed Payment Program (GPP) in partnership with the Transportation Intermediaries Association (TIA). The TIA GPP strengthens the relationship between transportation brokers and carriers by guaranteeing payment in excess of the $10,000 bond required by the Federal Motor Carrier Safety Administration (FMCSA) to conduct business. The bond is underwritten by Lincoln General Insurance Company, Avalon’s sister company.
Should carriers or shippers file a claim for more than $10,000, a transportation broker participating in the GPP is able to cover the excess claim amount up to $25,000 or $100,000 depending on the size of the bond secured. The carrier or shipper benefits by receiving a higher payment amount than a broker carrying only the minimum bond.
In order to obtain the GPP, TIA members must be a part of the AMTEX Surety Program and the TIA association’s Platinum Performance Program (P3) – a contractual best practices agreement for transportation intermediaries wanting to achieve a superior level of customer service and performance. The P3 achieves a higher level of trust to the broker/forwarder-motor carrier relationship, and the GPP enhances the relationship even further.
To apply for the TIA GPP, download our
application.
For further information, contact your local Avalon office or
Kim Beiswanger, Product Manager at Avalon’s corporate
headquarters. Kim can be reached at her direct line:
(847) 700-8076 or at
kbeiswanger@avalonrisk.com.
To view a directory of Avalon’s office locations, please
visit our Web site at
www.avalonrisk.com.
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