Freight Forwarder Bond
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NVOCC Bond (OTI Non-Vessel & Ocean Freight Forwarder Surety Bond)
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Freight Broker Bond (BMC-84 or ICC Bond)
Freight Broker Bond (BMC-84 or ICC Bond)
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Freight Broker Surety Bonds
Freight Broker Surety Bonds
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BMC-84 Freight Broker Bond: A Comprehensive Guide
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Avalon | Specialty Bond Programs
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avalonrisk.com
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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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Becoming a freight broker does not cost $100,000 like most people think. Here is the real breakdown. FMCSA broker authority application is $300. Your surety bond or trust fund is $75,000 face value but you pay $900 to $3,000 annually depending on credit. A BOC-3 process agent filing runs $30 to $50. Load board subscriptions cost $150 to $400 per month. Total startup cost is $1,500 to $4,000. The $100,000 myth comes from the bond face value, not what you actually pay. Follow to learn how to start
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