BMC 84
Required for property brokers operating under ICC authority to arrange transportation of property by motor vehicle. Protects against failure to pay carriers and comply with FMCSA regulations.
Same-day quotes. A-rated markets. Expert help.About This Bond
What this bond covers.
Property Broker's Surety Bond (ICC Broker)
This surety bond is required by the Federal Motor Carrier Safety Administration (FMCSA) for property brokers who arrange transportation of property by motor vehicle under Interstate Commerce Commission (ICC) authority. The bond ensures compliance with federal transportation regulations and financial responsibility requirements.
Who Needs This Bond Property brokers who facilitate the transportation of goods between shippers and motor carriers must obtain this bond as part of their FMCSA operating authority. This includes freight brokers, logistics companies, and transportation intermediaries who do not own trucks but arrange shipments for their customers.
Protection and Coverage The $75,000 bond protects motor carriers, shippers, and the general public against financial losses resulting from the broker's failure to pay transportation charges or comply with FMCSA regulations. It serves as a financial guarantee that the broker will fulfill their contractual obligations and operate in accordance with federal transportation laws.
Bond Details This bond has a one-year term and is renewable annually to maintain continuous FMCSA operating authority. The bond must remain active throughout the broker's period of operation, and any lapse in coverage can result in suspension of operating privileges.
How to Get Your BMC 84
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FAQ
The cost of a BMC 84 is typically a percentage of the total bond amount, ranging from 1% to 10%. Your exact rate depends on the bond amount, your credit score, and professional experience. Many standard bonds have fixed premiums and can be quoted instantly.
Most standard bonds are issued the same day - many within minutes of completing the application. Bonds that require underwriting review may take 1-3 business days.
Requirements vary by state and obligee, but most applicants need to complete a short application. Some bonds require a credit check, while others are issued regardless of credit. Business financials or professional experience may be considered for larger bond amounts.
Yes. Many bonds are available regardless of credit history. For bonds that require underwriting, applicants with lower credit scores can still qualify - the premium rate may be higher. We work with multiple carriers to find you the best available rate.
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TurboBonds.com is operated by Insurance Services by Shield, a California and Texas licensed insurance agency (CA License #6018195, TX License #3446536). Insurance Services by Shield is not an insurance carrier and does not underwrite bonds or insurance policies. Bond and coverage availability, pricing, and issuance are subject to carrier underwriting approval, eligibility, applicable state requirements, and policy or bond terms. Availability varies by state.
