The freight broker bond cost isa percentage of the $75,000 bond amount, known as thebondpremium, determined by the issuing surety company. This percentage depends largely on several key factors such as: Credit score Industry experience Past bond claims ...
The BMC-84 program is a directive from the FMCSA, ensuring that freight brokers operate within the United States’ regulatory framework. This bond acts as a financial safety net, guaranteeing that motor carriers and shippers are paid if a broker doesn’t honor its contracts. ...