Freight brokers (also called transportation brokers or property brokers) registering with the Alabama Public Service Commission as licensed brokers of transportation by motor vehicle need this bond. This applies to businesses or individuals acting as brokers under the Alabama Motor Carrier Act, arranging transportation of property or household goods without…
Pricing & timing
What to expect.
Generic pricing
Freight broker bonds (BMC-84) are required by FMCSA for freight brokers and forwarders. Typical Pricing:. • Bond amount: $75,000 (required by federal regulation). • Rates: Commonly around 1–5% based on credit, with annual premiums typically starting around $750–$3,750. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Multiple programs are available, including options for applicants with less-than-perfect credit. R…
Typical timeframe
Credit-based approval — typically 1–2 business days
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StateALBond amount$10,000ObligeeState of AlabamaBond classFreight Broker BondCategoryOtherBondTransportation BrokerPlain descriptionTransportation BrokerWho needs this bondFreight brokers (also called transportation brokers or property brokers) registering with the Alabama Public Service Commission as licensed brokers of transportation by motor vehicle need this bond. This applies to busi…
