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Freight Broker Bond Cost

If you're starting a freight broker business, you're required to provide proof of financial responsibility in the form of a surety bond or trust fund.

You probably know the names as a freight broker bond or BMC-84 and the BMC-85.

BMC-84 surety bond is typically the best choice. And in this video you'll learn how much a freight broker bond costs so you know what to expect.

Video Timestamps:

  • 00:14 - How much does a surety bond cost
  • 00:27 - Factor 1 personal credit and experience
  • 00:40 - Your personal credit
  • 00:51 - Your business experience
  • 01:10 - Any prior bond claims
  • 01:24 - Examples with real numbers
  • 02:07 - Factor 2 who you work with to get your bond
  • 02:45 - Video recap

Make sure to read our other freight broker resources:

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