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. ...
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Works for a freight broker, finding available carriers to take on loads. They are an independent contractor that does not assume liability for shipments. Unlike freight brokers, they do not need to be licensed or hold a surety bond. Note that this job title is often shortened to ‘freight ...
A bond is a requirement for freight brokers before getting or renewing their license. The freight broker bond prevents fraud or failure to pay motor carriers and shippers on time. Overweight and Oversize Permit Bond A bond that guarantees that a freight carrier that hauls freight over a certain...
New York Motor Vehicle Dealer Bond New York auto dealers need to post a $20,000, $50,000 or $100,000 surety bond depending on the type and number of cars they sell. Freight Broker Bond A $75,000 freight broker surety bond is required of freight brokers and freight forwarders by the ...
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Get your free, no obligation quote within 24 hours or less. Apply for your Freight Broker Bond (BMC-84) online today! We offer Freight Broker Bonds (BMC-84) with only a credit check and completed bond application. We do not require personal financial statements, business financial statements...
These bonds are alternatively known as BMC-84 Surety Bonds, Freight Broker Surety Bonds and Property Broker Surety Bonds. Please Note: If you submit an application and Alpha Surety’s review of your credit determines that we cannot write the bond for you with our markets, we will be happy ...
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