Tell us about your business
Share your legal business name, authority number if assigned, location, and when you need the bond.
FREIGHT BROKERS & FREIGHT FORWARDERS
BMC-84 freight
broker bonds.
Your next load starts with the right foundation. Get help understanding your bond, reviewing your options, and taking the next step.
New authority · Renewals · Provider changes
Built for the business behind every shipment.
$75,000Federal financial security requirement
BMC-84Surety bond filing for broker authority
Your premiumIndividually quoted. Not the bond amount.
THE BOND, EXPLAINED
Move freight.
Know what backs it.
A BMC-84 is a surety bond used to meet the federal financial security requirement for property brokers and freight forwarders subject to FMCSA jurisdiction.
It provides a financial guarantee for eligible unpaid freight charges. It is not cargo insurance, truck insurance, or protection against every business loss. If a surety pays a valid claim, the broker may be required to reimburse it under the indemnity agreement.
Read the FMCSA broker registration requirementsYOUR NEXT STEP
A clear path from request to filing.
Start with the basics. Your agent can explain what the surety needs before a bond can be issued.
Review your proposed terms
Underwriting may consider credit, finances, experience, and claim history. Review premium, collateral, and indemnity obligations.
Confirm issuance and filing
After approval and required paperwork, the authorized surety submits the BMC-84 filing. Verify your authority status before operating.
BOND AMOUNT ≠ BOND PRICE
What does a freight
broker bond cost?
Your premium is the amount you pay for the bond. The $75,000 is its required financial security amount, not a flat fee charged to every applicant.
Pricing and approval depend on the surety's review. Your quote should identify the premium, term, payment options, any collateral, and applicable fees. There is no guaranteed rate or approval.
Check your bond optionsRequired financial security$75,000
Your quote depends on
- Business and ownership information
- Credit and financial qualifications
- Brokerage experience and prior claims
- Surety terms, collateral, and payment options
No credit pull is performed by this website. Any later credit authorization must be handled through the surety's application process.
TWO DIFFERENT APPROACHES
BMC-84 bond or BMC-85 trust?
Both can satisfy the financial security requirement when properly maintained and filed. Their funding and obligations differ.
| What to compare | BMC-84 surety bond | BMC-85 trust agreement |
|---|---|---|
| Financial security | $75,000 bond obligation | $75,000 qualifying trust assets |
| Upfront funding | Premium; collateral may be required | Qualifying assets must fund the trust |
| Provider | Authorized surety provider | Eligible trust provider |
| Important obligation | Indemnity and reimbursement terms | Asset, liquidity, and trustee requirements |
| Before switching | Coordinate the replacement filing and verify acceptance before ending existing security. | |
2026 requirements are in effect.
Updated federal rules address financial security, reporting, and trust-provider eligibility. A reduction below the required amount can put operating authority at risk. Respond promptly to provider and FMCSA notices.
View current FMCSA guidance
NEW AUTHORITY OR NEXT RENEWAL
Keep your bond
on your business checklist.
Starting a brokerage? Your bond is one part of obtaining operating authority, along with the required application and process-agent designation. A quote request alone does not authorize operations.
Already operating? Have your current bond number, provider, renewal date, and any cancellation notice ready. Your legal name and authority information should match your registration.
Changing providers or moving from a trust? Discuss timing and the new filing with both providers to help avoid an interruption.
Request new or renewal bond guidanceSTART YOUR QUOTE
A stronger start
for your brokerage.
Request a BMC-84 bond quote from Hancy's Insurance Agency. An agent will review your request and follow up about available options and additional underwriting information.
Availability depends on your location and the surety's requirements. Do not include Social Security numbers, bank information, or identity documents in this form.
BROKER RESOURCE CENTER
Understand the details before you decide.
PREMIUMS & TERMS
Freight broker bond cost
What affects your premium, what to compare, and why bond amount and cost are different.
Read the cost guideBOND OR TRUSTBMC-84 vs. BMC-85
Review funding, reimbursement obligations, and provider requirements before switching.
Compare your optionsAUTHORITY & FILINGFreight broker bond requirements
Put your bond in context with registration, process agents, and ongoing compliance.
Review the requirementsDo I pay $75,000 to buy a BMC-84 bond?
Not necessarily. You pay a quoted premium for a BMC-84 surety bond. The $75,000 is the bond's financial security amount. The surety may also require collateral based on underwriting. Review your actual quote and indemnity agreement.
Is this bond the same as truck or cargo insurance?
No. A broker bond addresses eligible payment obligations. It does not replace commercial auto, motor truck cargo, general liability, or other insurance your operations may need.
Can a new freight broker request a quote?
Yes. Select new business in the form and provide your legal business information. You can leave authority numbers blank if they have not been assigned. Eligibility and approval are determined through underwriting.
Does submitting this form issue my bond?
No. This is an initial quote request. A surety may require more information, approval, signed agreements, payment, and electronic filing before the bond is in place. Confirm your authority is active before operating.
Who files the BMC-84 with FMCSA?
The authorized surety provider submits the filing through the appropriate FMCSA system. Your agent can help coordinate the process. Do not treat a quote or payment alone as proof that a filing has been accepted.
Can I get a bond with credit challenges?
You can request a review. Credit, finances, experience, and claims can affect eligibility, premium, or collateral requirements. Approval and a specific price cannot be guaranteed.
What happens if there is a claim?
Notify your surety and respond promptly with supporting documents. A paid claim may create a reimbursement obligation under your indemnity agreement and can affect financial security. FMCSA does not settle the merits of ordinary payment disputes.
Can I change bond providers at renewal?
Discuss the replacement effective date and filing with the providers involved. Review cancellation, renewal, and refund terms. Verify the replacement filing and authority status before ending your existing bond or trust.
THE NEXT MOVE IS YOURS