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Get the free BMC-84 FREIGHT BROKER SURETY BOND APPLICATION

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2613 Manhattan Beach Blvd., Suite 200 Redondo Beach, CA. 90278 Phone: 310.379.9660 Toll Free: 888.910.4747 Fax: 310.374.2431 Email: bonds logistiqins.com Web: LOGISTIQInsurance.com License: 0I01602
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How to fill out bmc-84 freight broker surety

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How to fill out BMC-84 freight broker surety:

01
Gather the necessary information: Before filling out the BMC-84 form, you will need to collect all the required details. This includes your company's legal name, address, and contact information. You will also need to provide your Motor Carrier (MC) number if you already have one.
02
Determine the bonding amount: The surety bond amount required for a freight broker is $75,000. Make sure you have this information available when filling out the form.
03
Download the form: Visit the U.S. Department of Transportation (DOT) website or contact your state's transportation authority to obtain the BMC-84 form. It is typically available as a PDF document that can be downloaded and printed.
04
Complete the form: Carefully fill out all the required fields on the form. This includes providing your company's information, the bonding amount, the effective date of the bond, and any additional information requested. Make sure to review the form for accuracy before proceeding.
05
Attach the surety bond: Once the form is completed, you will need to attach the BMC-84 surety bond. This bond serves as a guarantee that you will fulfill your obligations as a freight broker. It should be provided by a reputable surety company.
06
Submit the form: After completing the form and attaching the surety bond, you will need to submit the BMC-84 to the appropriate authority. This may be the DOT or your state's transportation authority. Be sure to follow the specified submission instructions and keep a copy of the form for your records.

Who needs BMC-84 freight broker surety?

01
Freight brokers: Freight brokers are required to obtain the BMC-84 surety bond as mandated by the Federal Motor Carrier Safety Administration (FMCSA). These bonds help protect carriers and shippers from financial losses in case the broker fails to fulfill their contractual obligations.
02
Motor carriers: Motor carriers may also require freight brokers to have the BMC-84 bond in place before entering into business partnerships. This bond ensures that the freight broker has the financial capability to cover any potential losses.
03
Shippers and customers: Shippers and customers who work with freight brokers often prefer to partner with brokers who hold the BMC-84 surety bond. This bond provides an added layer of security and reassurance that their shipments will be handled responsibly and that any financial liabilities will be covered.
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BMC-84 freight broker surety is a bond required by the FMCSA to ensure that freight brokers can cover any potential financial losses.
Freight brokers operating in the US are required to file BMC-84 freight broker surety.
To fill out BMC-84 freight broker surety, brokers need to work with a surety company to obtain the necessary bond and submit it to the FMCSA.
The purpose of BMC-84 freight broker surety is to protect carriers and shippers from potential financial harm caused by broker non-payment.
The bond must include the name and address of the freight broker, the bond amount, and the effective dates.
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