If you're a broker, freight forwarder, or asset company looking to partner with Albertsons Safeway LLC, you may be required to obtain a $100,000 excess property payment broker bond. With a vast network of over 30 different surety companies and a commitment to finding clients the most affordable rates on the market, The ProSure Group makes it easy to get bonded quickly and affordably!
Get information, forms, or applications for an Albertsons excess property payment broker bond by calling one of our surety specialists or submitting your bond request online. Our surety agents would be happy to guide you through each step of our simple and straightforward bonding process. Contact us today to learn more or request a free, no-obligation quote!
The Albertsons $100,000 excess property payment broker bond is a kind of surety bond required by Albertsons Safeway LLC for freight brokers, freight forwarders, and asset-based carriers with excessive owner operators (as determined by Albertsons). This surety bond acts as a financial guarantee to Albertsons Safeway LLC, providing protection in case a broker mishandles payments or fails to meet their obligations. In addition to this bond or a letter of credit, Albertsons Safeway LLC requires a federal bond of $75,000 in your company's name. Should a bonded broker, freight forwarder, or asset company act in bad faith or fail to meet their obligations, Albertsons can file a claim against the bond to recover monetary losses and reimburse affected parties.
Not all brokers or carriers need this surety bond, but Albertsons Safeway LLC does require it for:
If you're a freight broker, freight forwarder, or asset company looking to establish a partnership with Albertsons Safeway LLC, you'll need this bond and a $75,000 federal bond in your company's name to get started.
The exact cost of your excess property payment broker bond, also known as the bond premium, will vary depending on a number of factors. Some things that could affect your bond premium include the following.
Your bond's premium will only be a small percentage of the total bond amount, which is $100,000 for this kind of bond. In some cases, applicants with a strong credit history may pay as little as 1% of the total bond amount, meaning their premium would only be $1000. The ProSure Group can help you secure the best possible rates by searching across our vast network of surety carriers.
Yes, you can! Even if you have less-than-perfect credit, The ProSure Group can help you get bonded. We believe applicants should be able to get the bonds they need regardless of their financial situation, which is why we have a bad credit bonding program that caters to applicants with low credit scores, bankruptcies, and other financial challenges. Contact us today to learn more about how we can help you get bonded with poor credit!
With thousands of bonds issued, partnerships with over 30 different surety carriers, over 20 years of industry experience, and a streamlined bonding process — you can trust The ProSure Group to help you get bonded quickly and at an affordable rate. Our surety specialists will work with you closely to find the best rates on the market and ensure you meet all of your bonding requirements. Need an Albertsons excess property payment broker bond? Contact our surety company today to begin the bonding process or fill out our online application to get a free, no-obligation quote!