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Freight Broker Bonds

If you wish to be a transportation broker you must be in possession of a freight broker bond. It is a requirement of FMCSA (the Federal Motor Carrier Safety Administration). This bond is also referred to as:

• An ICC bond
• A BMC-84 bond
• A surety bond for property brokers

You may be aware that a trust fund called the BMC-85 can be used in place of such a bond. However we recommend this should be a last resort if you are unable to qualify for the freight broker bond.

The current market

In most situations full collateral is needed for sureties to consider offering a freight broker bond. This is due to many bond claims arising in recent years. However we can offer specific programs to applicants who do not have the required collateral in place.

Does your agency have a special program available for freight broker bonds?

Yes – the aforementioned BMC-84 bond may be offered to those applicants who do not have any collateral. This high risk bond is offered only to qualified applicants.

 
Freight Broker Bonds Application
 
 
 

     
  Fantastic experience. I will use you again next year! Thanks for the quick turn-around, couldn't be happier.

~James H, MI