The $75,000 ICC broker bond is one of the toughest surety bonds to place in the country. Most agencies turn applicants away. Junno has the markets to get you bonded. Fast.
If you have been shopping for an ICC broker bond, you already know. Most agencies will not even quote it. The ones that do often come back with surprise declines, sky-high rates, or collateral requirements that kill the deal.
Junno is different. We have built direct relationships with the carriers that actually write this class of bond. We say yes when others say no.
A short list of why brokers keep sending us their hardest cases.
We work with the specific carriers that actually underwrite BMC-84 bonds. No filtering through programs that decline you on the first review.
You do not need years of broker experience to get bonded. We have programs specifically for new authority applicants.
Excellent credit, mid-range credit, or rebuilding from a rough patch. We have markets for each. Bad credit does not mean no bond.
Most quotes back the same day. Most approvals within 24 to 48 hours. No more waiting weeks to find out you are declined.
Annual premiums typically range from $938 to $7,500 depending on credit and experience. We shop the markets to get you the best rate.
Your bond is the bottleneck holding up your FMCSA broker authority. We get you bonded so you can start brokering loads.
Most BMC-84 bonds get filed with the FMCSA within 1 to 3 business days.
Quick application takes about 10 minutes. We need basic business info, owner details, and consent to run a soft credit check.
We submit your file to the specific carriers that write BMC-84 bonds. You get quotes from the markets most likely to approve you.
Most quotes come back same day. We walk you through the rate, terms, and any conditions before you commit.
You pay the premium. The surety issues your bond and files it directly with the FMCSA. Your broker authority moves forward.
A BMC-84 is the surety bond freight brokers and freight forwarders are required to file with the Federal Motor Carrier Safety Administration (FMCSA) to get their broker authority. The bond amount is $75,000. It protects motor carriers and shippers if a broker fails to pay them.
BMC-84 is a surety bond. You pay an annual premium and a surety company guarantees the $75,000 on your behalf. BMC-85 is a trust fund. You deposit the full $75,000 in cash with a financial institution. Most brokers choose the BMC-84 bond because it does not tie up $75,000 in cash.
The freight brokerage industry has historically had high claim rates. Many surety carriers either refuse to write this class entirely or only write it for very strong applicants. Add in the federal scrutiny of broker conduct and you have a class that most agencies simply do not pursue. Junno has built relationships with the specific markets that do write it.
Premiums typically range from $938 to $7,500 per year. Strong credit and experienced brokers see the lower end. New brokers or applicants with credit challenges pay more. We will get you actual quotes from multiple markets so you can see your real options.
Yes. We have markets specifically designed for credit-challenged applicants. The rate will be higher and some carriers require collateral, but you can still get bonded. Do not let one decline convince you it is impossible.
Yes. You do not need prior broker experience to get a BMC-84. We have programs for new authority applicants. Be ready to share your business background, plan, and personal financial picture.
Most applications get a quote back the same day. Once you approve the quote and pay the premium, the bond is typically filed with the FMCSA within 1 to 3 business days. The FMCSA then takes additional time to process your full authority application.
If a motor carrier or shipper files a valid claim against your bond, the surety pays the claim up to the $75,000 limit. You are then required to reimburse the surety. Multiple claims can lead to the surety cancelling your bond, which would put your FMCSA authority at risk.
Send us your information. We will get you actual quotes from the markets that actually write BMC-84 bonds. No more dead ends, no more weeks of waiting.