BMC-84 Surety Bond
A BMC-84 Surety Bond is bond required by the Federal Motor Carrier Safety Administration (FMCSA). It is required of any individual or business who wants to operate as a transportation broker for the FMCSA. The bond guarantees that the principal will pay replacement shippers and motor carriers if they fail to carry out their transportation contracts with the FMCSA. Because these bonds are strict financial guarantee surety bonds and because they have suffered poor claims ratios in recent years, they are difficult to place. Thus, most surety carriers will only write them for customers with excellent credit and finials, otherwise they may require the bond be collateralized. Please contact us directly to see if we can assist you with this type of bond. These bonds are alternatively known as ICC Broker Surety Bonds, Freight Broker Surety Bonds and Property Broker Surety Bonds.
Alpha Surety is a nationwide surety bond broker offering simple, fast solutions for all types of surety bonding in all 50 states. We offer our customers extremely competitive pricing with multiple national carriers as well as world class support. For a free consultation about your surety bonding needs, please call 510-435-8425 or contact us. Or, to apply for a free quote, please complete our surety bond application.
