Freight Broker Bond season is approaching, and now more than ever, the world relies on truckers. These bonds are often referred to as BMC-84, Freight Broker, or FMCSA (Federal Motor Carrier Safety Administration) bonds. It guarantees that the broker will operate in compliance with the licensing requirements and pay motor carriers and shippers in a reasonable time frame.

Freight brokers are required to maintain a $75,000 surety bond under Title 49, U.S.C. 13904. Because of the risky natural of the obligation, and the unstable nature of the industry, there is often more underwriting than a simple credit check. If you are applying for a Freight Broker Bond, you should be prepared to provide personal and business financial statements, a resume of experience, and Proof of liquid assets.

As always, Integrity Surety is here to help with your bond needs. You can apply for your bond here. Or, if you have any questions, you can reach us here. To follow our company, visit our socials.

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