BMC-84 Broker Bond for Freight Brokers
The $75,000 FMCSA surety bond property brokers and freight forwarders must file to operate.
Broker Bond (BMC-84) insurance for trucking fleets in 50 states
$75,000 surety bond required by the FMCSA for property brokers. We help freight brokers secure and maintain their BMC-84.
Prestige Trucking Insurance places broker bond (bmc-84) coverage for motor carriers running three or more trucks and is licensed in 50 states. We compare A rated commercial trucking insurance carriers to find the coverage your operation needs at the lowest qualified rate available to you.
Why Prestige
- Built for owner-operators and fleets alike
- Compared across hundreds of A-rated carriers
- Tailored limits, deductibles, and endorsements
- Independent advice — we work for you
Who needs it
- → Owner-operators running under their own authority
- → Small to mid-size trucking fleets
- → Carriers hauling regulated commodities
FAQs
How fast can I get a quote?
Most quotes are turned around the same day. Complex risks may take 24–48 hours.
Do you compare multiple carriers?
Yes. We are independent and shop hundreds of carriers to find your lowest qualified rate.
Can I bundle this with other coverage?
Absolutely — bundling often unlocks meaningful discounts. Ask your specialist about packaging.
A bond is credit, not insurance
The FMCSA requires property brokers and freight forwarders to maintain a $75,000 financial security filing. The BMC-84 surety bond satisfies it, and without an active filing your broker authority is revoked.
A surety bond protects the carriers and shippers you owe, not you. If the surety pays a claim, you reimburse the surety in full. That is why underwriting looks at personal credit, business financials and time in operation.
A lapsed bond stops your authority in days
Sureties can cancel with notice, and the FMCSA revokes broker authority shortly after a filing drops. Renew early, keep financials current, and never let a payment plan lapse into a cancellation notice.
855-643-3881What the bond process involves
$75,000 penal sum
The federal requirement for property brokers and freight forwarders under FMCSA rules.
Credit based premium
Annual premium is a percentage of the bond amount and moves with credit and financials.
Electronic filing
The surety files the BMC-84 with the FMCSA so your authority stays active.
Claim reimbursement
Valid claims paid by the surety must be repaid by the broker under the indemnity agreement.
Bond versus trust fund, and what changes
| Scenario | BMC-84 surety bond | BMC-85 trust fund |
|---|---|---|
| Up front cash | Annual premium only | $75,000 held in trust |
| Qualification | Credit and financial underwriting | Available capital |
| Best fit | Brokers preserving working capital | Brokers with idle capital and credit challenges |
Questions motor carriers ask
How much does a BMC-84 broker bond cost?
Premium is a percentage of the $75,000 bond amount and depends on personal credit, business financials and experience. Strong credit pays a low percentage while credit challenges pay more.
Is a broker bond the same as insurance?
No. A bond guarantees your obligations to carriers and shippers. If the surety pays, you reimburse it. Insurance transfers risk away from you, a bond does not.
Who needs a BMC-84 bond?
Licensed property brokers and freight forwarders operating under FMCSA authority. Call 855-643-3881 and we will start the application with our surety markets.
Apply for My Broker Bond
Send basic business details and we will bring back bond terms from our surety markets.
Fleets of three or more power units across the 50 states we are licensed in.
Broker Bond (BMC-84) coverage across the 50 states we serve
Filing requirements, limits and endorsements change from state to state. Our specialists review your lanes, loss history, FMCSA safety rating and shipper requirements before recommending broker bond (bmc-84) limits, then walk you through every policy decision in plain language.
We work with regional fleets, long haul carriers, owner-operators running under their own authority and first year new authority trucking companies. When your fleet crosses state lines, we structure the program so it stays compliant in every jurisdiction you run.
As an independent agency we do not answer to one carrier. We answer to you, which means we can move your account when a carrier pushes an unjustified renewal increase.
Who needs broker bond (bmc-84) coverage?
Broker Bond (BMC-84) coverage is for commercial motor carriers whose contracts, lenders or regulators require it, and for fleets that could not absorb the loss out of pocket. A Prestige specialist reviews your operation and returns options from A rated carriers, usually the same business day. Call 855-643-3881.
Regions we serve
- Southeast: Florida, Georgia, Tennessee, North Carolina, South Carolina, Alabama
- Texas and the Gulf: Texas, Louisiana, Oklahoma, Arkansas, Mississippi
- Midwest: Illinois, Ohio, Indiana, Michigan, Missouri, Wisconsin, Minnesota
- Northeast: Pennsylvania, New Jersey, New York, Maryland, Virginia, Massachusetts
- West: California, Arizona, Nevada, Washington, Oregon, Colorado, Utah
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