Transportation
Freight Broker Bond (BMC-84)
The BMC-84 freight broker bond is the $75,000 surety bond FMCSA requires before a property broker or freight forwarder can get operating authority.
- Required by
- FMCSA (49 CFR 387.307)
- Bond amount
- $75,000 (set by FMCSA, 49 CFR 387.307)
What this bond guarantees
The bond guarantees the broker will pay motor carriers and shippers under its contracts and follow FMCSA rules. Carriers and shippers who are not paid can claim on the bond. The surety files the bond electronically with FMCSA.
Who needs it
- Freight brokers arranging truck transportation
- Freight forwarders
- Carriers adding brokerage authority
What the underwriter looks at
- Personal credit of the owners
- Brokerage experience
- Financial statements for larger accounts
Requirements vary by state and by who asks for the bond. Send us the request you received and we will confirm exactly what it calls for.
Common questions
Can I use a trust fund instead?
Yes. FMCSA accepts a $75,000 trust fund filed on Form BMC-85 in place of the BMC-84 surety bond.
Why is it still called an ICC bond?
The Interstate Commerce Commission handled broker licensing before FMCSA took over. Many in the industry still use the old name.