At TRG, our licensed insurance producers’ area of expertise is concentrated within the niche business of international insurance, specifically
U.S. Customs bonds.
Here are a few important points TRG suggests larger
import bond holders consider. Many Customs Brokers, Freight Forwarders and independent insurance agents are not aware of the details that could affect the price on import bonds greater than $50,000.
- 1)Do you qualify for a National Rate? Companies that exhibit a low risk and hold a large aggregate with TRG may be reviewed for qualification of the insurance company’s unpublished rates. This could drop your import bond costs significantly.
- 2)Are you over bonded? If your U.S. imports have decreased over the past few years make sure to review your Customs bond size so that you are not over paying for unused premium.
- 3)Do you have collateral tied-up? Many sureties will require collateral in order to place the continuous Customs bond.
- 4)Are you paying PMS fees? Your current surety most likely requires you to pay a fee for using Periodic Monthly Statements.
- 5)Do you have access to multi-year discounts? TRG offers multi-year pricing on Customs bonds up to $1M. This gives you access to our best pricing for 3 consecutive years.
At your request, a TRG licensed insurance producer will evaluate your current needs including the above mentioned to see if TRG Bond™ can compete to earn your business.
Customs Bond Experts U.S. Customs bonds are a niche insurance product. TRG Bond™ has been building a team of Customs bond experts since 1991. When it comes to your individual bonding needs, it is imperative that you have someone working for you to get the best price, service and benefits that are available. Customs Brokers and Freight Forwarders are contracted to assist the importer in managing the import process, and do not concentrate on the niche business of international insurance. TRG Bond™ Solutions Experts are licensed insurance agents trained to offer the best Client Experience in international services.
Seamless transition to TRG! Should TRG earn your business, I will complete an application with you over the phone. Next, TRG will file the new bond with CBP prior to your current bond’s renewal date, the new effective date stays the same and nothing changes in your importing practices.
With TRG, you become a Client not a customer.