BMC-84 Freight Broker Bond – ICC Broker Bond – Transportation Broker Bond

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The BMC-84 (also known as a freight broker surety bond) is a certain type of surety bond that protects shippers/motor carriers and is required by the Federal Motor Carrier Association (FMCSA) to obtain brokerage authority.

BMC-84 bond helps ensure that you as the broker abide by the Federal Motor Carrier Safety Administration (FMCSA) rules and regulations. Should you fail to do so, a claim can be made against your bond. You are then responsible to repay the claim amount.

An Example of a Claim would be, a freight broker who does not pay a trucker/carrier on time, they may have a claim brought against their bond. This can be a costly issue for licensed freight brokers, and it can put your brokerage at risk.

We offer the best Trucking Insurance options – Click Here for a FREE BMC-84 Quote.

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Other Available Freight Broker Insurance Coverages

  • Freight Broker Professional Indemnity (Defense) –  Provides defense and indemnity coverage to protect the Freight Broker when drawn into litigation by 3rd parties, due to financial losses as a result of the Freight Brokers negligence, error or omission. 
  • Freight Broker Cargo Legal Liability (Defense) – Provides defense and indemnity coverage to protect the Freight Broker when drawn into litigation by 3rd parties, due to cargo loss or damage. 
  • Freight Broker Auto / Third Party Legal Liability (Defense) – Provides defense and indemnity coverage to protect the Freight Broker when drawn into litigation, as a result of Bodily Injury, Death, or Property damage. 
  • Freight Broker Commercial General Liability (Defense) – Provides defense and indemnity coverage to protect the Freight Broker when drawn into litigation, as a result of Bodily Injury, Death, or Property damage, which allegedly occurred on the covered premises of the Freight Broker.  
  • Freight Broker Contingent Cargo (Broad Form) – Responds to physical loss of or damage to cargo that is under the care, custody and control of the Motor Truck Carrier, when the Motor Truck Carrier’s Insurer fails to respond. 
  • Freight Broker Excess Liability – Provides increase limits to Freight Broker Professional Indemnity, Freight Broker Auto/Third Party Legal Liability, or Freight Broker Commercial General Liability.  
  • All Risk Shipper’s Interest – Provides primary cargo coverage that responds to the physical loss or damage to cargo.  Claims under this policy can be settled directly with the Insurers without having to first collect on a cargo claim.