Freight Broker Bonds (BMC-84)
Place a freight broker bond for your client through Baker's wholesale surety market. The BMC-84 is the $75,000 bond the FMCSA requires of brokers.
A freight broker bond is the BMC-84, the federal surety bond the FMCSA requires of freight brokers and forwarders. It is set at a $75,000 bond amount by law. Baker places it wholesale for your agency.
What it does
- →Guarantees the broker pays the motor carriers and shippers it works with
- →Backs the broker's financial responsibility under FMCSA rules
- →Lets your client obtain or keep FMCSA broker or forwarder operating authority
Who needs it
Property brokers and freight forwarders that arrange transportation and must register with the FMCSA.
- →The $75,000 amount is the fixed federal requirement set by law, not a price
- →Filed with the FMCSA as the BMC-84; a trust option (BMC-85) is the alternative
- →Required before broker or forwarder authority becomes active
How to place it through Baker
Send us the broker's business details and FMCSA authority, and we handle the BMC-84 filing.
- →Start a bond quote, or send the application link to your client
** Terms used here are a summary only. Always refer to the bond form and the obligee's requirements.