Freight Broker Bonds (BMC-84) are surety bonds required by the Federal Motor Carrier Safety Commission (FMCSA) for those operating as transportation brokers in the United States. Freight brokers must file the surety bond prior to receiving a license.
The current bond amount required by the FMCSA is $75,000, increased from $10,000 in 2012 due to significant claim activity. Freight Broker Bonds are also sometimes called Interstate Commerce Commission (ICC) Bonds, Transportation Broker Bonds, or Property Broker Bonds. If you are looking for Federal Maritime Commission bonds rather than the BMC-84 Freight Broker Bond,learn more about or request quotes for Ocean Transportation Intermediary (OTI) Bonds and Non-Vessel Operating Common Carriers (NVOCCs) Bonds.
Take 2 minutes to provide the basic information required toget the best rates for your Freight Broker (BMC-84) Bond. The quote request is free and there is no obligation to you. If you prefer, please call18006089950to speak with one of our friendly bond experts. We can help guide you through the bonding process and identify the lowest cost in the market for your situation.
If you are interested in spreading out the cost of your bond over time, we can offer convenientfinancing plans for many types of surety bonds. More information will be provided with your quote.
Below are some specific Freight Broker (BMC-84) Bonds available.
The bond amounts are the amount the surety bond covers -not your cost! The surety bond amount is most often set by the obligee.
Dont worry! You can tell us about the bond or license requirement and well help make sure you get exactly the surety bond you need at the best rate.
specific surety bond needed, or write it in
If you dont see the specific surety bond you need listed in the table above, please type in the name of the surety bond and click the button to request your quote. You will be able to add more details in the quote request form and our surety bond specialists will quickly follow up with you if we have any questions.
Surety Bonds Direct offers exceptional prices to new business and those withbad credit(along with helpful advice on improving credit). Regardless of your credit score or business experience, we work hard to find the best option in the market for your specific situation.
It only takes a couple minutes to provide us with the information required for afree, no-obligation quote. Or if you prefer, call18006089950to speak with one of our friendly surety bond experts. Learn more about available options tofinance the cost of your bond.
In a situation where the bonded customer (principal) fails to comply with bonding terms and requirements, the surety company is financially obligated to cover damages up to the bond limit (or penalty) of the bond. In some cases, the surety bond principal may be required to reimburse (or indemnify) the surety for losses paid to damaged parties.
The party requiring the surety bond is called theobligee. Each obligee has a specific bond form that is prepared and pre-populated for your convenience by Surety Bonds Direct. The specific bond limit, term, and other key information related to the customer and obligation can be found on the bond form.