Houston-based logistics executive Stephen Patrick Day provides leadership and management of Logistics Group International (LGI), where he currently serves as president and CEO. Also a partner at Petro Wire and Steel, Stephen Day supplements his work at LGI through involvement with professional organizations such as the Entrepreneurs Association and the Transportation Intermediaries Association (TIA).
Since its founding in 1978, TIA has served as a trusted voice for thousands of third-party logistics professionals. The organization offers an array of programs and resources to members, which currently range from advocacy engagement and professional standards development to fraud prevention and bond offerings.
The TIA Bond Program offers access to an insurance product that provides financial protection for shipment non-payment, in return for an annual premium. Currently, the program includes two options that are both available in coverage amounts of $75,000, $100,000, and $250,000:
Trust-BMC85 - A bond program with no annual fee that deposits the coverage amount into a TIA Services held trust.
Bond-BMC84 - A bond-alternative program that requires a risk-adjusted annual premium in return for coverage through an insurance underwriter.
For additional information on the TIA Bond Program, visit www.tianet.org/tia-bond.
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