BMC-84 Freight Broker Bond [Guide Calculator] - Bryant Surety Bonds What is a Freight Broker Bond? Freight brokers and forwarders in the U S must obtain a $75,000 freight broker surety bond, also known as a BMC-84 bond, to comply with Federal Motor Carrier Safety Administration (FMCSA) requirements This bond, also known as BMC-84 bond, ICC broker bond, or FMCSA broker bond, is essential for securing a freight broker license
Freight Broker Bond (BMC-84) | Complete Guide - SuretyBonds. com Freight broker bonds, also known as BMC-84 bonds or ICC broker bonds, ensure that licensed freight brokers and forwarders adhere to regulations Title 49, U S C 13904 requires all freight brokers and freight forwarders to file either a surety bond (BMC-84) or a trust fund agreement (BMC-85) before beginning business operations
BMC-84 Freight Broker Bond - JW Surety Bonds Once registered, you’ll need to get a freight broker bond (BMC-84) from a bond company and ensure your bond gets filed with the FMCSA Find out what a surety bond is and get your free quote directly on our website “Ensuring your bond provider can handle claims effectively is crucial, especially in the high claim activity freight broker market
Best Freight Broker Surety Bond Companies (BMC-84) in 2025 - TruckInfo. net Freight Broker Surety Bond Requirements Freight brokers are required by the Federal Motor Carrier Safety Administration (FMCSA) to have a $75,000 BMC-84 surety bond or $75,000 BMC-85 agreement as of October 1st, 2013 Highly-qualified brokers might choose to obtain an additional $25,000 surety bond coverage on top of the required $75,000 amount - this can help you to compete with other
BMC-84 Freight Broker Bond Requirements - SuretyNow A BMC-85 Trust Fund Agreement is an alternative to a BMC-84 freight broker bond that is accepted by the Federal Motor Carrier Safety Administration (FMCSA) Instead of purchasing a surety bond from a third-party surety bond provider, a freight broker can place $75,000 directly into a trust fund and name the FMCSA as the beneficiary of the trust
Secure Your Freight Broker Bond (Starting at $938) | TMD - TMD Surety Bonds TMD Surety Bonds is your local expert freight broker bond agency Since our establishment in 2011, we have helped thousands of customers with their bond needs Our clients know they can count on our attentive customer service, surety bond mastery, and price transparency
What is a Freight Broker Bond? | Surety Bond Authority The freight broker is known as the Principal, the FMCSA is the Obligee, and the Surety company is the underwriter of the bond If the freight brokers fail to meet their obligations, then the FCMSA can file a claim against the bond The surety company will investigate the claim, and if it is found to be valid, then payment will be made to the FMCSA
Freight Broker Bonds: Requirements, Cost, and Regulations Explained A freight broker bond (also known as a BMC-84 bond or ICC broker bond) is a surety bond that ensures compliance with laws and regulations for freight brokers and forwarders It is required by the Federal Motor Carrier Safety Administration (FMCSA) to register before starting business operations, and it provides financial protection to parties
BMC-84 Surety Bonds: A Complete Guide for Freight Brokers BMC-84 surety bonds, also referred to as freight broker bonds, property broker bonds, Interstate Commerce Commission (ICC) bonds, or transportation broker bonds, is a type of license and permit bond required by the FMCSA for all freight brokers and forwarders Its primary purpose is to ensure that brokers adhere to FMCSA regulations and fulfill
Freight Broker Bond, BMC-84 From All State Bonds - All State Surety Bonds For those with questionable credit, and do not qualify for the standard market, a high-risk surety bond market exists for freight brokers This program charges higher rates than the standard market Most Surety Bonds are Issued on the Same Day, BMC-84 Rates start from $1135 1 year (rate is based on credit history) Apply Now