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Looking to become a Freight Broker or Forwarder licensed with the FMCSA? Then you need an annual BMC-84 Freight Broker Bond.
Freight Brokers that contract with Motor Carriers for land transportation are required by the Federal Motor Carrier Safety Administration (FMCSA) to purchase an annual $75,000 BMC-84 Bond. If a Freight Broker fails to remit payment for services rendered per their contractual agreement, the Motor Carrier is able to make a claim against the bond and get paid directly by the surety company. The Freight Broker is then liable to reimburse the Surety for the claim.
Freight forwarders and brokers must purchase a $75,000 BMC-84 surety bond before receiving a freight broker license. Brokers that do not comply with the BMC-84 bond requirement may have their broker authority revoked by the FMCSA.
DB Schenker will electronically file your bond directly with the FMCSA for fast compliance. We only work with A+ rated Surety providers — we’ll get you the most competitive rate on the best bond available!
BMC-84 Freight Broker Bonds are Also Known as a:
Property Broker Bond
Freight Broker Bond