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Wondering how to get the lowest price on your freight broker bond? (
Getting bonded doesn’t have to be a difficult process. At Bryant Surety Bonds, we have some tried-and-true advice for finding the best deal.
1. First, it’s important to know the difference between a BMC-85 Trust Fund, and the BMC-84 Freight Broker Bond. (
With a trust fund, you’re required to deposit the entirety of your bond amount, $75,000. For small to medium-sized freight brokerages, a BMC-84 freight broker bond is a much more affordable choice. The freight broker bond ( only requires you to pay a small percentage of your total bond amount. Sureties also have full claims departments to handle any arising issues, whereas not all trust companies do, which may lead to false claims ( being paid.
2. Your freight broker bond premium is determined by several factors, the most important of which is your credit score (
That’s why it’s very important to maintain a good credit score. Typically, standard market is between 1% and 7.5% and high risk is between 8% and 13%.
3. Before getting bonded, you should pay all outstanding dues you owe, including tax liens, collections, or civil judgements. Dues are considered a liability by the bonding agency, and minimizing these liabilities will help you get a lower premium on your bond.
4. You should also have a thorough and accurate inventory of all your assets, to demonstrate the stability of your business. If you don’t have a strong credit, additional information like assets and experience could open up new markets that would lower your rate.
5. Finally, make sure you’re working with the right surety bond agency. Bryant Surety Bonds ( is one of the biggest surety bond agencies in the U.S. We have solid relationships with over 20 T-listed, A-Rated bonding companies and we can help you get bonded in all 50 states. (
Don’t have a Certified Public Accountant (CPA) prepared? Don’t worry! We can approve you instantly online without a CPA! Have your financials ready, that may save you some money on your rate.
To get an instant free quote, visit us at and apply online, today:
Additional resources:
1. BMC-84 Freight Broker Surety Bond Guide:
2. How to Lower Your Freight Broker Bond Cost – 7 Great Tips:
3. Freight Broker Bond Renewal Guide:
4. How much does a $75,000 surety bond cost:
5. Freight Broker Bond (BMC-84) vs. BMC-85:
6. Top 7 Costs of Becoming a Freight Broker:
7. Freight Brokers Education Center (FREE):
8. How to Become a Freight Broker [The Ultimate Guide]: …(read more)
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