BMC-84 Freight Broker Bonds
Get in Compliance with FMCSA — Request a BMC-84 Freight Broker Bond Quote Today
DB Schenker Trade Solutions offers:
• Fast quotes and competitive rates from A+ rated providers
• Electronic BMC-84 bond registration directly with the FMCSA included — get in compliance fast!
• Unparalleled industry experience and customer service
• Single source comprehensive risk management & transportation compliance solutions — the best in the business!
BMC-84 Bonds are also called:
- ICC Bonds (Interstate Commerce Commission)
- Freight Broker Bonds
- Property Broker Bonds
- Transportation Broker Bonds
- Surety Bonds
Freight Brokers or Transportation Brokers that contract with Motor Carriers (trucking companies) for land transportation must purchase an annual $75,000 BMC-84 Bond (also known as a Property Broker Bond, Freight Broker Bond, Transportation Broker Bond, or an ICC Bond), as required by the Federal Motor Carrier Safety Administration (FMCSA) in order to obtain operating authority.
If a Freight Broker fails to remit payment for services rendered as per their contractual agreement, the bond allows the Motor Carrier to get paid directly by the surety bond company. The Freight Broker is then liable to reimburse the Surety for the claim.
Brokers that do not comply with the BMC-84 bond requirement may have their broker authority revoked by the FMCSA. Therefore, freight forwarders and freight brokers must purchase a $75,000 BMC-84 surety bond before receiving a freight broker license. A BMC-84 bond is valid for one year from the issue date.
Applying For a BMC-84 Bond
DB Schenker helps freight brokers / property brokers get the FMCSA required $75,000 BMC-84 bond, with ease. We electronically file your bond directly with the FMCSA, for fast and complete compliance. Our experts will make sure you get the most competitive rates available. Contact us for a quote today!
Why Get Your BMC-84 Bond from DB Schenker Trade Solutions?
We only work with A+ rated providers. Cut-rate surety bonds from fly-by-night providers can be costly: will the company be around if/when you have a claim? Will they protect you from frivolous or fraudulent claims? And what if the FMCSA doesn’t accept your bond? With little chance of recovering your premium, you’ll just have to purchase a second one. Avoid the hassle … and risk. We save you time and money by getting you the right bond at the right price — quickly — getting you in compliance, while eliminating the guesswork.
You can count on us. As a leading global logistics company with over 140 years experience, DB Schenker offers single source comprehensive risk management & transportation compliance solutions. In addition to BMC-84 bonds, we offer a full range of customs bonds, as well as cargo insurance – including contingent coverages for Freight Brokers, trade documentation, compliance consulting and training solutions. Contact our dedicated team of professionals to take the complexity (and the risk) out of your international trade logistics.