Freight brokers play a crucial role in the transportation industry by connecting shippers with carriers. To legally operate in the United States, all freight brokers and freight forwarders must obtain a freight broker bond (BMC-84). This bond ensures compliance with Federal Motor Carrier Safety Administration (FMCSA) regulations and provides financial protection for shippers and carriers. Industry professionals must understand how a freight broker surety bond works, who needs one, and how to obtain it.
What is a Freight Broker Bond (BMC-84)?
A BMC-84 freight broker bond is a surety bond mandated by the FMCSA. It ensures that freight brokers meet their financial commitments to carriers and shippers. If a broker defaults on payments, the bond compensates those impacted.
- Purpose of the Bond: The BMC-84 freight broker bond ensures brokers operate ethically and meet payment obligations.
- Financial Protection: The bond protects carriers and shippers from non-payment and fraud.
- FMCSA Requirement: The FMCSA mandates that all freight brokers obtain a $75,000 surety bond before receiving their license.
A broker cannot legally conduct business without a valid freight broker surety bond. This requirement promotes trust and accountability in the freight industry.
Freight Broker Bond/BMC 84 Bond/ICC Broker Bond
What is a Freight Broker Surety Bond?
Freight brokers and freight forwarders alike must purchase an annual $75,000 surety bond as required by the Federal Motor Carrier Safety Administration (FMCSA) before they can receive their freight broker license.
What is the cost of a Freight Broker Bond?
Freight broker bonds cost a percentage of the $75,000 bond amount. This percentage is determined by applicant’s Fico score and business experience. Bond rates also vary by the state where they’re issued. Freight brokers who want to renew their surety bond may qualify for lower rates after a year or two without any claims.
What if I have bad credit?
JM Surety is proud to offer competitive rates to applicants whose credit profile doesn’t qualify for the preferred rate.
When will I receive my bond?
Once you’ve ordered the bond, JM Surety files the bond directly with the FMCSA.
Why should I choose JM Surety?
JM Surety strives to consistently offer the lowest rates available. We don’t charge broker fees and customer satisfaction is a major priority.

Who Needs a Freight Broker Bond?
All freight brokers and freight forwarders operating in the United States must obtain a freight broker bond to comply with FMCSA regulations. This requirement applies to new and existing brokers who facilitate the transportation of goods.
- Freight Brokers: Any business or individual arranging freight transportation for compensation must secure a BMC-84 bond before obtaining an FMCSA license.
- Freight Forwarders: Like brokers, freight forwarders must also meet the freight broker surety bond requirement if they assume shipment responsibility.
- Regulatory Compliance: The FMCSA freight broker bond is a legal obligation that must be renewed annually to maintain an active broker authority.
Failure to obtain or maintain a freight broker bond can lead to FMCSA penalties, including license suspension or revocation.
Freight Broker Bond Cost & Factors That Affect Pricing
The cost of a freight broker bond varies based on several factors. While the bond amount is $75,000, brokers only pay a percentage of this total, known as the premium.
Factors Affecting Freight Broker Bond Pricing
- Credit Score: Brokers with higher credit scores typically qualify for lower bond premiums.
- Financial History: A strong business and personal financial background can reduce costs.
- Industry Experience: Brokers with experience may receive better rates.
- State Regulations: Bond pricing can vary based on state-specific requirements.
Estimated Cost of a Freight Broker Bond
The typical annual premium for a BMC-84 freight broker bond ranges from:
- $750 to $2,500 for brokers with good credit.
- $2,500 to $10,000 for brokers with lower credit scores.
JM Surety offers competitive rates and flexible options, even for brokers with less-than-perfect credit.
How to Get a Freight Broker Bond
Obtaining a freight broker surety bond is straightforward. Brokers must submit an application, provide the necessary documentation, and pay the bond premium.
Steps to Secure a Freight Broker Bond
- Complete an Application – Provide business and financial details.
- Undergo a Credit Check – Determines bond pricing.
- Receive a Quote – Based on financial standing and risk assessment.
- Pay the Premium – Secure the bond with an annual payment.
- Bond Filing – JM Surety files the bond directly with the FMCSA.
JM Surety simplifies the bonding process, offering all brokers quick approvals and competitive pricing.
Freight Broker Bond vs. Trust Fund (BMC-85)
Brokers can meet FMCSA financial security requirements through a BMC-84 surety bond or a BMC-85 trust fund. While both options serve the same purpose, they have key differences.
Differences Between BMC-84 and BMC-85
- BMC-84 Freight Broker Bond: This bond requires brokers to pay only a small annual premium rather than secure the full $75,000 upfront.
- BMC-85 Trust Fund: Requires brokers to deposit $75,000 in a trust, making it a costlier option for many.
Most brokers choose the freight broker bond due to its lower initial cost and more straightforward qualification process.
Common FAQs About Freight Broker Bonds
Why Choose JM Surety for Your Freight Broker Bond?
JM Surety provides a fast, hassle-free bonding experience, ensuring brokers comply with FMCSA regulations.
- Competitive Rates: Affordable premiums for all credit levels.
- Fast Approvals: Quick processing and direct FMCSA filing.
- Industry Expertise: Years of experience in freight broker bonding.
- Dedicated Support: Expert assistance throughout the bonding process.
Get Your Freight Broker Bond Today
Start your application to secure a freight broker bond at the best possible rate. JM Surety offers fast approvals and competitive pricing to help brokers easily meet FMCSA requirements. Please apply online or contact our team for assistance.