Freight Broker Bond (BMC-84)

If claims reduce your bond below the required $75,000, the FMCSA will notify you that you must replenish the bond to the full amount within 7 days. Failure to restore the bond to $75,000 will result in suspension of your broker authority. You must maintain the full $75,000 bond amount at all times to remain in compliance and keep your operating authority active.

All freight brokers and freight forwarders who arrange transportation of property by motor vehicle must obtain a BMC-84 bond. This is a federal requirement enforced by the FMCSA (Federal Motor Carrier Safety Administration) for anyone seeking or maintaining broker authority. The bond is filed as part of the OP-1 application process and is required nationwide, regardless of which state you operate from.

The BMC-84 bond protects shippers and motor carriers from financial losses caused by freight broker violations such as non-payment to carriers, fraud, or failure to meet contractual obligations. If a valid claim is filed, the surety company investigates and pays approved claims up to the $75,000 bond amount. The surety then seeks reimbursement from the broker who purchased the bond.