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TIA Surety  - From the Name You Trust, Providing the Security You Need

 

What is TIASurety?

TIASurety is the Surety Company run by TIA, the most trusted name in the 3PL industry. Through TIASurety, credit and claims procedures are simple, accurate, and complete which will end all confusion in the credit and claims process. In addition, TIASurety offers sureties for domestic brokers and freight forwarders that seek to add extra assurance for their customers.

Why do I need a TIASurety?

In today’s competitive transportation environment, 3PLs need the services of a surety provider that understands their special needs. TIASurety offers solutions and protections that brokers can’t get anywhere else.

Usually, you will have no defense against the insurance company attaching your assets and little to no chance to defend your good name. The final blow comes when the bonding company sends a notice of cancellation to the FMCSA, which cancels your authority. (Note: You may not be notified of the cancellation.)  

 What are the benefits of TIASurety?

Choices

Deposit $2,000 and a letter of credit for $8,000 with a minimal annual fee.

• Deposit $10,000 and pay only a one-time fee.
• No annual fee for fully collateralized surety.

How does TIASurety work?

Application

• TIASurety participation is contingent upon the applicant’s ability to provide evidence of corporate (or personal) financial integrity within the transportation community.
• All applicants must provide prior credit history and exhibit financial capacity.

TIASurety Application

TIASurety Fee Schedule

 

Flexibility

Participants are allowed to customize their surety amounts to meet their customer's needs.

• You can replenish your surety.

 Reliability

• We work exclusively for 3PLs.
• Our Trust Administrator has over 25 years of experience in claims administration.

Protection

Protection against wrongful claims.

• Because TIASurety is the surety company run by TIA, TIASurety offers objective claims administration, participants do not have to worry about clerks paying bogus claims.

Amount of Trust

• Extension of financial assurance by the trustee is fully collateralized with a $10,000 deposit into a trust account or a standby letter of credit, extended to and held by the trustee.

 

Disputes

• TIASurety requires that decisions be rendered through mediation or the courts before making any award.
• During this process, TIASurety members retain their ability to conduct business without the threat of FMCSA brokerage authority cancellation.

For more information about TIA’s Surety Program, call Nancy O’Liddy at (703) 299-5711 or oliddy@tianet.org.

Click here to read about the advantages of Performance Certified