At Royston Insurance Group, we specialize in interstate transportation insurance for motor carriers and brokers.
The BMC-84 bond is required by the United States Department of Transportation, Federal Motor Carrier Safety Administration (FMCSA) for all freight forwarders and freight brokers in the United States. The BMC-84 bond is also referred to as the freight broker bond, the freight forwarder bond, and the ICC broker bond.
Anyone that acts as a freight forwarder or broker in the U.S. must obtain a BMC-84 bond. The FMCSA has established several insurance requirements for this industry, ranging from surety bonds to cargo insurance. Obtaining a surety bond is a requirement you must fulfill before the FMCSA will issue your Authority to Operate (MC number).