November 12, 2024
Freight Broker Surety Bonds – BMC-84
Freight brokers play a crucial role in the transportation industry, and with that role comes specific responsibilities and requirements. One such requirement is the BMC-84 program, which mandates that freight brokers maintain a surety bond.
What is the BMC-84 Program?
The BMC-84 program is a directive from the FMCSA, ensuring that freight brokers operate within the United States’ regulatory framework. This bond acts as a financial safety net, guaranteeing that motor carriers and shippers are paid if a broker doesn’t honor its contracts.
Reliance Partners offers a comprehensive range of services tailored for freight brokers. Our team understands the intricacies of the industry and the importance of staying compliant. If you’re seeking a surety bond, we promise quick turnaround times and expert guidance. Reach out to our agents to get started.