Freight Broker Bond (BMC-84)

A Freight Broker Bond (BMC-84) is a surety bond required by the Federal Motor Carrier Safety Administration (FMCSA) for businesses that want to operate as licensed freight brokers in the United States. The bond guarantees that the broker will follow federal regulations and meet financial obligations to motor carriers and shippers.

This bond protects trucking companies and transportation providers by ensuring that freight brokers pay carriers for completed shipments and operate ethically within the logistics industry.

Who Needs a Freight Broker Bond?

Any company or individual applying for freight broker authority from the FMCSA must obtain a $75,000 Freight Broker Bond, also known as the BMC-84 bond. The bond must be filed with the FMCSA before the broker authority can be activated and the brokerage can legally begin operating.

Freight brokers act as intermediaries between shippers and trucking companies, helping coordinate the transportation of goods across the country.

How Much Does a BMC-84 Freight Broker Bond Cost?

Although the required bond amount is $75,000, the cost to obtain the bond is only a small percentage of that amount. Most freight brokers pay an annual premium between $900 and $5,000, depending on factors such as credit history and financial strength.

Applicants with strong credit typically qualify for the lowest bond rates.

Get Your Freight Broker Bond Quickly

At NextGuard Insurance, we help freight brokers obtain their BMC-84 bond quickly and affordably so they can activate their broker authority without delays. Our team works with multiple surety providers to secure competitive pricing and fast approvals.

📞 Call 754-337-9710
📧 adolfo@nextguardinsurance.com
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NextGuard Insurance proudly helps transportation businesses across the United States obtain the bonds and insurance they need to operate successfully.