Freight Broker Bond

A Freight Broker (BMC-84) Bond is necessary for those operating as a transportation broker in the United States. The bond is required by the Federal Motor Carrier Safety Commission and must be obtained before receiving a license. This bond is a contract that protects motor carriers and shippers and ensures you follow all FMCSA regulations. How much will my bond cost? As the bond amount of the Freight Broker Bond can vary, so will the actual cost of the bond. You will pay anywhere from 1 to 3% of the actual bond amount. At Bonding Solutions we have worked hard over the past 25 years to ensure our clients are receiving the best rates in the industry. Call us today to see what We can do for you. Why is this bond required? A Freight Broker Bond is required by the FMCSA to ensure that all licensed freight brokers live up to certain standards and to prevent any kind of fraud or failures to pay in a timely manner. In order to operate legally as a transportation broker, a freight broker bond is required by the FMCSA (Federal Motor Carrier Safety Administration). Also known as a Property Brokers Surety Bond, BMC-84, or a ICC Bond. ==================================================