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Freight Broker Bond (BMC-84) | Complete GuideSuretyBonds.com will be closed on 7/4 for the holiday.Get A QuoteFind Bond By StateBonds For BusinessesBonds For ContractorsBonds For EstatesVehicle Title BondsNotary BondsLearn MoreHome/License Permit/Freight Broker Bond400,000+ Bonds issued to 250,000+ satisfied customers.Freight Broker Bond (BMC-84)Our agents are here to get you the best rate on your bond with same-day service. Apply online in minutes for your free quote.Get Started →Read the GuideBest PricesCompetitive rates from the top surety marketsQuick DeliveryDigital delivery & next-day shipping optionsFriendly ServiceLive agents are ready to help with your bondWork with the #1 online surety bond agency. Experience 5-star service backed by over 15K reviews.BMC-84 Bond GuideAll U.S. freight brokers and forwarders need to file a BMC-84 or ICC surety bond to maintain licensing compliance with the Federal Motor Carrier Safety Administration (). Learn how to become a bonded broker in this guide. Bond OverviewPurpose: To guarantee freight companies follow regulations and pay for services rendered Who Needs It: All United States freight brokers and forwarders Regulating Body: The Federal Motor Carrier Safety AdministrationRequired Amount: $75,000Premium Rates: Start at $938, vary based on credit score of all ownersWhat Is a Freight Broker Bond?Freight broker bonds, also known as BMC-84 bonds or ICC broker bonds, ensure that licensed freight brokers and forwarders adhere to regulations. 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. Watch to learn more about how freight broker license bonds work: How Much Does a Freight Broker Bond Cost?The cost of a $75,000 freight broker bond starts at $938 for the FMCSA's required 1-year term but varies by state and by applicant. Your exact premium cost will be a percentage of the $75,000 bond amount as determined by a surety underwriter. Industry-experienced brokers or forwarders may qualify for a lower bond rate. Apply now for your free quote from SuretyBonds.com. Bond TypeCost$75,000Freight Broker Bond (BMC-84)Subject To UnderwritingApply NowHow to Get a Freight Broker Surety BondYou can apply for your BMC-84 bond 24/7 through our secure online portal. If you're starting a new freight brokerage without final company information, you can just enter your personal information to get a free quote. If you need a bond for an existing freight company, provide your company information and 6-8 digit motor carrier number as it's currently filed with the FMCSA.Once you pay your invoice, we’ll electronically file your bond directly with the FMCSA on your behalf.What Does a Freight Broker Bond Cover?If freight brokers or forwarders fail to comply with the bond terms, the harmed parties can file a claim. The surety company will settle valid claims up to the total bond amount. The most common reason for claims is motor carriers failing to pay their business partners on time.How to File Your BMC-84 BondThe FMCSA now requires electronic submission of all information from the surety company. We will electronically file your bond for freight broker license operating authority with the FMCSA on your behalf.You can at any time. Find more information about .How to Update Your Bond InformationIf you need to update your BMC-84 surety bond, contact your bond company as they will need to file the change directly with the FMCSA. If you purchased your bond from SuretyBonds.com, email to explain the needed change.How to Renew Your Freight Broker Bond Freight broker bonds must be renewed annually when the term expires. To renew your bond with SuretyBonds.com, simply pay your emailed invoice and we will verify your active bond status with the FMCSA.Freight broker license bonds are valid for one year from the filing date. If either the broker or surety company wishes to cancel the bond, the surety company must provide a 30-day notice of cancellation to the FMCSA.How Do You Get a Freight Broker License? To obtain freight broker authority, applicants must complete the following steps as required by the FMCSA:File an OP-1 Application for Motor Property Carrier and Broker Authority (expect 4-6 weeks for processing).Provide a $75,000 BMC-84 surety bond or BMC-85 trust fund agreement.Submit BOC-3 (Designation of Process Agent).Pay the $300 filing fee.For more detailed instructions, read our comprehensive guide on how to get a freight broker license.Additional Freight Forwarder Insurance RequirementsThe FMCSA requires some freight forwarders to file additional insurance using the following forms:Liability insurance: BMC-91 or BMC-91x (if insurance is provided by multiple companies)Proof of cargo insurance (if you are a household goods freight forwarder): BMC-34 or BMC-83What Is the BMC-85 Trust Fund Agreement?In place of a bond, brokers can choose to place $75,000 into a trust fund by filing form BMC-85. This option requires full collateral upfront, so often only large and well-established freight brokerages choose this option. Newer companies and individuals with poor credit typically choose to file a surety bond since it only requires an annual premium rather than $75,000 of collateral.Learn more about BMC-85 trust funds versus BMC-84 bonds here. More Resources In This GuideWhat Is a Freight Broker Bond?How Much Does a Freight Broker Bond Cost?How to Get a Freight Broker Surety BondWhat Does a Freight Broker Bond Cover?How to File Your BMC-84 BondHow to Update Your Bond InformationHow to Renew Your Freight Broker Bond How Do You Get a Freight Broker License? Additional Freight Forwarder Insurance RequirementsWhat Is the BMC-85 Trust Fund Agreement?Why SuretyBonds.com?See why our customers love working with usBest PricesCompetitive rates from the top surety marketsFast ProcessFast & easy online bonding processOnline LeaderWith 275,000+ satisfied customersQuick DeliveryDigital delivery & next-day shipping optionsFriendly ServiceLive agents are ready to help with your bondSecure CheckoutBacked by SSL for safety & privacyHave Questions?Call to talk with a Surety Expert today.orRequest your FREE Surety Bond Quote online nowJosh KayserFounder & CEO GET STARTEDFind Your BondSurety Bond GuideSurety Bond CostsEducation CenterLicense GuidesCOMPANYAbout SuretyBonds.comReviewsCareersPressSUPPORTLow Credit Bond ProgramContact UsSurety Bond FAQSURETY BONDS BY STATEAKALARAZCACOCTDCDEFLGAHIIAIDILINKSKYLAMAMDMEMIMNMOMSMTNCNDNENHNJNMNVNYOHOKORPARISCSDTNTXUTVAVTWAWIWVWYSOCIALHomeSitemapTerms of UseLicensesPrivacy PolicyYour Privacy ChoicesCopyright © 1996 - 2025 SuretyBonds.com All rights reserved.Operated by Brooklyn Ventures LLC, DBA SuretyBonds.com an insurance agency(Brooklyn Ventures SuretyBonds.com insurance Agency LLC in California)(Brooklyn Ventures of Missouri, LLC in New York), Freight brokers must secure a $75,000 surety bond to meet FMCSA requirements. Discover everything you need to know about freight broker bonds., What is a Freight Broker Bond? The BMC-84 (also known as a freight broker surety bond) is a specific type of surety bond that protects shippers/motor carriers, which is required by the Federal Motor Carrier Safety Association (FMCSA) in order to obtain a brokerage authority..
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., See the best freight broker surety bond companies. Learn how the BMC-84 bond works, what it covers, how much it costs, and how to apply with bad credit., Check out Jet's Freight Broker Surety Bond Guide for brokers regulated by the FMCSA that need a $75,000 Motor Carrier Public Liability Surety Bond., , , .