Why Freight Broker Surety Bonds Are Essential in Logistics
Freight broker surety bonds are a legal requirement for freight brokers and forwarders operating in the U.S., mandated by the FMCSA (Federal Motor Carrier Safety Administration). These bonds, often referred to as BMC-84 bonds, ensure brokers operate ethically and pay carriers and shippers as agreed. The standard bond amount is $75,000, serving as a financial guarantee to protect parties from broker fraud or non-payment.
Visit Us: https://axcess-surety.com/bmc-....84-freight-broker-bo