Surety1: Helping Transportation Carriers on the Road to Success
Surety1 holds leverage when placing bonds that are difficult for other companies to obtain, such as the ICC Transportation/Freight BMC-84 Broker Surety Bond. We want to keep you in business as you deliver goods across America.
What is an ICC Transportation/Freight BMC-84 Broker Surety Bond and why do I need one?
The reason that many other bond companies have difficulty placing an ICC/Transportation Broker BMC-84 bond (also known as a Transportation Broker bond, Freight Broker bond, or Trucker Broker Bond) is because they don’t have access to the same broad range of markets that we do at Surety1. Surety1 has 18 business partners to help place your ICC Transportation/Freight BMC-84 Broker Surety Bond. Since early 2013, a broker must have a bond in the amount of $75,000 in order to obtain a license from the Federal Motor Carrier Safety Administration (FMCSA). An ICC/ Transportation Broker BMC-84 bond is required by the FMCSA to ensure the financial responsibility of a broker and to guarantee that shippers and motor carriers will receive a payment if a broker fails to meet their contractual agreement.
How do I get an ICC Transportation/Freight BMC-84 Broker Surety Bond and how much does it cost?
Approval of an ICC Transportation/Freight BMC-84 Broker Surety Bond is based on personal credit. The application process requires business and personal financial information. You can learn more about FMCSA requirements here.
Surety1 can obtain a quote for you even before you get your FMCSA operating authority (MC) number. They are two different processes. While you are waiting for your MC number from the FMCSA, which takes anywhere from 20 days for online applications to eight weeks for mailed applications, we can work on your surety bond. We can’t issue your bond until your MC number is provided, but once we receive it, we can file your bond electronically. Our rate for this challenging bond starts at $900 for the year. The fee is based on factors such as credit score and the length of time your company has been in business.
Complete our easy application form and we will work with you to obtain your ICC Transportation/Freight BMC-84 Broker Surety Bond. We will contact you concerning any financial documentation we require to assist in obtaining your bond. We’ll get back to you quickly with a firm quote and get your approval through one of our 18 partner organizations. Provide payment and your signed agreement, and then you will receive your bond!