Why the law changed

BROKER assumes too many of the motor carrier responsibilities

 

Most brokers pose as “motor carrier” to get the load from a shipper

 

BROKERS become as LIABLE as a motor carrier during broker operations AND RUN AWAY WHEN THERE IS A LOSS

 

BROKERS get the impression they are not LIABLE

 

¡MOST OF BROKERING PROBLEMS arise from the misconceptions

 

GOVERNMENT & SHIPPING want to separate brokering from carriage

 

BROKERS ARE A “SHIPPER” by LAW, not a carrier, and must act the part

 

ACTS OF TAKING POSSESSION, separate the two

 

STRICT LIABILITY when loss occurs   “CARMACK” 49 USC 14706

 

CAN THE BROKER TRULY ESCAPE LIABILITY?  Sec 14103

Other Bonds Available

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2005 Ailor Avenue
Knoxville, TN 37921
sales@classictruckinsurance.com
Tel: 888-498-0255
Fax:865-522-7772

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Disclaimer:  Our General insurance Glossary is for general information only. We  do not warrant the information found here as usual and customary for assessment of insurance claims or pay outs. Insurance terminology could vary widely per State or Insurance company acceptability. Contract language can vary widely dependent upon  many factors. The information contained here is meant to be general in scope. We recommend contacting your insurance agent or the insurance bureau in your state for exactly what is appropriate in your state .