Quote:
The money will be kept in an escrow fund for losses, damages, or any expenses incurred through the actions of the driver, including, but not limited to:
1- equipment damage, loss or abandonment
2- freight claims
3 - fines
4- chargeable accidents upon termination (voluntary or involuntary)
The $500 is a reservable fund and is not to be considered a liability minimum or maximum.
Now I think it is great to set up an escrow account in case of DOT fines etc but the rest makes me nervous - the equipment damage, freight claims and chargeable accidents. The money will be kept in an escrow fund for losses, damages, or any expenses incurred through the actions of the driver, including, but not limited to:
1- equipment damage, loss or abandonment
2- freight claims
3 - fines
4- chargeable accidents upon termination (voluntary or involuntary)
The $500 is a reservable fund and is not to be considered a liability minimum or maximum.
My husband is an excellant driver but things happen. Am I over reacting or could this put our family in jeopardy financially? I've heard of companies doing this but this is the first time that we have seriously considered/worked for one.