As an exhibitor at the TIA 2022 Capital Ideas Conference & Exhibition this week, we’re looking forward to seeing those of you who plan to be part of the great 3PL family that’s coming together in San Diego. TIA 2022 gives us the chance to connect, find out more about your company and how we can protect your business and ensure your success! We’re keen to let you know what sets us apart – and how we are committed to providing you with the most trusted transportation surety bonds, insurance products and service for the life of your business. If you’re in San Diego, drop by our booth #619 at TIA 2022 Thursday, April 7^th from 6 p.m.-8 p.m. to be eligible to win a beautiful set of Apple Air Pods. We also want to help you raise a toast to YOUR SUCCESS! Come by booth #619 on Friday, April 8^th 11 a.m. to 2 p.m. and 5 p.m. to 7 p.m. and we’ll make sure that you’re entered for our special PFA prize draw for a bottle of world-renowned Don Julio 1942 Tequila. Imagine drinking a toast to your logistics business success in style! See you at TIA 2022!

In order to transport military freight, the Department of Defense requires that all freight carriers have DoD bonds. They’re mandated as such by a wing of the military called the Surface Deployment and Distribution Command (SDDC). It could be a tremendous new business opportunity and we can help set you up for success. The bond amount is based on the size of your company and how many states you serve. Carriers that have already worked with the DoD for three or more years can submit a bond. A Standard Carrier Alpha Code (SCAC) is required to complete the SDDC bonding process. A SCAC is a 2 to 4 letter code issued by the National Motor Freight Traffic Association (NMFTA) to identify transportation companies. The SDDC requires a separate performance bond for each SCAC. A bond in the amount of $25,000 is required for business in one state. Two to three states require a $50,000 bond while four or more is covered by a bond of $100,000.

On the subject of specialized bonds: Take note if you’re a company that offers pension plans or profit-sharing programs as employee benefits.  These programs are managed by fiduciaries, appointed individuals associated with that company. The appointed fiduciaries are required by law to be bonded as per the Pension Reform Act of 1974.  Fiduciaries of a pension or profit-sharing fund are required to post a bond for 10% of the amount of funds handled.  Our team at PFA provide full bonding needs for appointed fiduciaries of a pension or a profit-sharing fund.  It’s easy to apply for coverage and we’d be happy to service your bonding needs. 

Get started today on DoD bonds or Pension bonds by emailing us at pgoetsch@pfaprotects.com or by calling Pam at 1-623-248-6336 or at our Toll Free number of 1-800-595-2615.

Are you having cash flow issues? Here’s just a reminder that factoring can be a positive solution. There are several options in the marketplace and PFA can provide you with a referral.

Our on-site claims processing professionals are experts who can save you time and money. They’re a big part of what sets our team at PFA apart from the crowd. Isn’t it time you considered PFA as your full-service solution provider in transportation insurance and surety services? Call us today or for more on our in-house claims department, click here. And if all you’ve got is five minutes, watch PFA TV as our Chief Executive Officer Daniel Larson speaks plainly about the advantages of our in-house claims department.