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BMC-84 Bonds for Freight Brokers

Freight brokers and forwarders need a BMC-84 bond to meet FMCSA financial responsibility requirements. Surety Bonds Agent works nationwide with professional services and quick quote support. Request a BMC-84 bond quote online.

Contact Us for a Free BMC-84 Bond Quote

It’s easy with our simple 3-step process:

  1. Apply Online
  2. Get Quote
  3. Receive Bond
about bond type

What Are BMC-84 Bonds?

BMC-84 bonds are a type of license and permit bond required by the Federal Motor Carrier Safety Administration (FMCSA), an agency of the Department of Transportation. The bond, named after the BNC-84 form that must be filed with the FMCSA, protects shippers and carriers against nonpayment by freight brokers and freight forwarders. Nonpayment of fees due to a shipper or carrier can result in a claim for damages against the freight broker’s or forwarder’s BMC-84 bond.

img Who Needs Them?

The FMCSA requires freight brokers and freight forwarders to purchase a $75,000 BMC-84 bond to obtain or renew their license to operate within the United States. They have the option of placing $75,000 in cash into a BMC-85 trust that serves the same purpose, or to provide a $75,000 irrevocable letter of credit or line of credit. Most, however, choose to purchase a BMC-84 surety bond instead of tying up their cash or credit.

Once issued, the BMC-84 bond must remain in force and be renewed annually to avoid license suspension or revocation.

img How Do They Work?

A BMC-84 bond is a legally binding agreement between three parties:

  • The obligee is the FMCSA, the federal agency requiring the purchase of the bond.
  • The principal is the freight broker or freight forwarder required to purchase the bond and legally obligated to pay claims against the bond.
  • The surety is the company that underwrites and issues the BMC-84 bond.

When a claim is received for nonpayment of fees due to a shipper or carrier, the surety will investigate the matter and try to negotiate an amicable settlement. But if that’s not possible, the surety will pay the claim on behalf of the principal. This creates a debt that the principal is legally obligated to repay to the surety.

The maximum that will be paid out on a single claim is the $75,000 required bond amount (also known as the bond’s “penal sum”).

costs

What Do They Cost?

The annual premium for a BMC-84 bond is calculated by multiplying the $75,000 penal sum by the premium rate the surety assigns to the principal. That premium rate reflects the surety’s assessment of the risk in extending credit to the principal for paying claims on the principal’s behalf. The primary factors the underwriters will consider are the principal’s personal credit score, personal finances, business finances, and industry experience.

A well-qualified principal will pay a premium rate somewhere between one and five percent of the bond’s penal sum, or between $750 and $3,750. A principal with lesser credit may still be able to purchase a BMC-84 bond but will pay a much higher premium rate.

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Choose Bond by States

We proudly serve all 50 states, offering a full range of surety bonds. To buy surety bonds online:

  1. Choose your state
  2. Choose the bond type you need
  3. Apply online to request a free quote

There’s no obligation, and we can often help you get bonded in 24 hours or less.

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step by step guide

How Do BMC-84 Bonds Work?

  • Choose Your Bond Type

    Select the bond you need — commercial, contract, or any specialized bond. We help you find exactly what is required in your state.

  • Submit a Quick Application

    Complete a short online form. It only takes a few minutes, with no extra paperwork or long verification steps.

  • Get Approved & Receive Your Bond

    Get fast approval and receive your bond instantly by email. Your document is ready to use right away.

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Why Work With Us?

Easy Application Process

Simply fill out our convenient online application form to get started.

Extensive Carrier Network

We work with a wide range of carriers to provide many options to our clients.

Competitive Rates

As an independent agency, we can leverage our carrier network to find the most competitive rates for the bonds you need.

Quick Turnarounds

We work to get you bonded as quickly as possible, often in 24 hours or less.

Exceptional Service

Our experienced surety bond agents provide personalized assistance to help you understand your bonding requirements and options.

Call us Today!

And get a free consultation.

866-362-6637
who we work with

Our Insurance Company Partners Nationwide

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Testimonials

What our customers say about us

Super easy process. I found the bond I needed in minutes and received the approved document the same day. Great experience overall.

Emily R., Business Owner
Contractor

The application was fast, the support team was responsive, and the pricing was clear. Very smooth and professional. Everything was explained clearly, and I appreciated how quickly I received my bond.

Jason M., Contractor
Small Business Owner

Super easy process. I found the bond I needed in minutes and received the approved document the same day. Great experience overall.

Emily R., Business Owner
Oberman & Oberman

The application was fast, the support team was responsive, and the pricing was clear. Very smooth and professional. Everything was explained clearly, and I appreciated how quickly I received my bond.

Jason M., Contractor
Oberman & Oberman

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