A surety who underwrites a customs bond
agrees to joint and several
Exhibit 1 gives some examples of the relative costs of customs bonds and customs broker.
Some business travelers hire a customs broker to handle the customs bond paperwork and save them time and money.
when they issued single-transaction customs bonds
to importers of the
According to Ed Titus of Ullico Casualty, "The vast majority of customs bonds
are provided by customs brokers at prices as high as $800 per year.
for which it controls about 33 percent of the market, cargo insurance and professional liability for the broker forwarder industry.
for companies involved with international trade.
Well-known as a market leader in Customs bonds
, Intercargo is admitted in 48 states, Washington D.
continue strong, the overall surety line during the fourth quarter of 1996 was negatively impacted by the contract bond line deterioration, which necessitated an overall increase to surety reserves in the quarter.
, Marine Cargo Insurance, Property & Casualty Insurance, and Professional Liability coverages for the transportation specialist industry.
, cargo insurance, property & casualty insurance and professional liability for the broker/forwarder industry.
Visitors are able to easily apply online for a Customs bond
or cargo insurance as well as register to use the web-based software.