Freight Broker Bond (BMC-84)
Freight brokers and forwarders must file a $75,000 BMC-84 surety bond with the FMCSA to get and keep their operating authority. We place them, credit challenges included.
- Bond amount
- $75,000
- Authority
- FMCSA (federal)
- Statute
- 49 U.S.C. §13906
The premium is a percentage of the bond amount, set by underwriting. The figures above are the bond amounts, not what you pay.
What it is
The BMC-84 bond guarantees that a freight broker or forwarder meets its financial obligations to the motor carriers and shippers it works with. The FMCSA requires it to issue and maintain broker or forwarder authority. It protects the parties you broker for, not you.
Who needs it
- New freight brokers applying for FMCSA authority
- Freight forwarders required to file financial security
- Brokers renewing or replacing an existing BMC-84
Bond amounts and requirements are general guidance and can change. Confirm the current requirement with the listed agency before you file. We will quote your exact bond.
Tough credit or a prior claim? It's welcome here. See how we place hard-to-place surety bonds, or get a quote and we'll place your exact bond.
Freight Broker Bond FAQs
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