Florida BMC-84 Freight Broker Bond Quote

DSI Agency offers the most comprehensive and competitive Florida BMC-84 freight broker bond quote. Complete your application, or get a free consultation from our expert agents.

Read more to learn about Florida BMC-84 bonds and why they’re crucial protection for your freight business.

Florida BMC-84 Freight Broker Bond At a Glance

Bond Cost

A BMC-84 bond costs $950-$10,000 per year, depending on the freight broker’s credit.

Bond Amount

A Florida BMC-84 freight bond amount is $75,000.

Who Needs It?

Any individual or business entity seeking to register as a freight broker or freight forwarder in Florida.

BMC-84 Bond Purpose

The purpose of a Florida BMC-84 bond is to protect motor carriers and shippers from financial loss due to unethical actions by a freight broker.

Regulating Authority

The regulating authority for BMC-84 freight broker bonds is the Federal Motor Carrier Safety Administration (FMCSA).

What is the Purpose of a Freight Broker Bond?

A freight broker bond is a crucial requirement by the Federal Motor Carrier Safety Administration (FMCSA) for anyone looking to register as a freight broker.

This bond serves as a financial guarantee that motor carriers and shippers will be compensated if the broker engages in fraudulent activities or fails to make timely payments.

In essence, the Freight Broker Bond acts as a protective measure, ensuring that motor carriers and shippers are safeguarded against any unethical actions by the broker.

How Much Does a BMC-84 Freight Broker Bond Cost?

The cost of a BMC-84 Freight Broker Bond can range from $950 to $10,000 per year.

The exact price depends on several factors, including your credit score, financial statements, and years of business experience. If you’re a new broker with a lower credit score, you may need to put up collateral or pay a higher premium.

At DSI Agency, we work with you to find the best BMC-84 freight broker bond rate possible, ensuring you’re covered without breaking the bank.