BMC-84 Freight Broker Bond: A Comprehensive Guide
BMC-84 Freight Broker Bond: A Comprehensive Guide
Feb 18, 2021
bondexchange.com
BMC-84 Surety Bond Vs BMC-85 Trust Fund - Trucking Insurance Network
BMC-84 Surety Bond Vs BMC-85 Trust Fund - Trucking Insurance N…
May 31, 2022
truckinginsurancenetwork.com
FMCSA requires $75,000 financial security to operate as a freight broker in the US/Canada. Learn two options: BMC-84 surety bond (yearly premium to bonding company) vs BMC-85 trust fund (full $75,000 cash deposit). Most new freight brokers choose the BMC-84 bond due to the lower upfront cost vs the trust fund that ties up capital. Bond protects carriers and shippers if the broker doesn't pay. Must be filed directly with FMCSA before authority becomes active. Compare bonding companies and applica
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FMCSA requires $75,000 financial security to operate as a freight bro…
13.2K views5 months ago
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