Freight Broker Bonds

Surety Bonds

A freight broker bond is required by the Federal Motor Carrier Safety Administration (FMCSA) in order to legally operate as a transportation broker. Other names for this bond are BMC-84, ICC Bond (this bond was previously a requirement of the ICC), and a Property Brokers Surety Bond.

The FMCSA also allows brokers to submit the BMC-85 trust fund in lieu of a bond. A trust fund's biggest advantage over a bond is the control that you have as a broker. When a claim is presented against a trust you are notified immediately. If you can provide a valid reason why the claim should not be paid, then it will not be.

We can get you in touch with a great company to get you set up with a BMC-85 trust fund. This company has four plans to suit your company's needs.