We help you reach your destination with the coverage you need.
Scott Bond Services continuously strives to provide innovative solutions for our clients nationwide. Our simple solution for obtaining Freight Broker Bonds quickly without submitting business or personal financials will help streamline your process.
Freight Broker (BMC-84) Quote
We offer a quick and simple solution to help you get the coverage you need.
What is a Freight Broker Bond?
Freight Broker Bonds are required by the Federal Motor Carrier Safety Administration (FMCSA) and serve as a guarantee that freight brokers keep their contractual agreements. Freight brokers are required by the FMCSA to obtain a Freight Broker Bond (BMC-84) in the amount of $75,000. Before a freight broker can receive their license to conduct business as a Motor Carrier Operating Authority (MC Authority), this bond must be filed with the FMCSA.
Who needs to obtain a Freight Broker Bond?
Freight brokers/freight forwarders wishing to operate as a licensed Motor Carrier Operating Authority (MC Authority).
Will one Freight Broker Bond cover multiple states?
Yes. Because this bond is required by a federal administration, you will not need multiple bonds for different states.
What size Freight Broker Bond will I need?
The FMCSA requires the standardized amount of $75,000 for this bond. There are no additional amounts or sizes of Freight Broker Bonds.
Are personal credit reports or a signed application/indemnity agreement required?
The freight broker’s credit score is the primary and only required measure used to determine the premium cost. However, additional information such as number of years in business may help you obtain a lower premium.
