BMC-84
What is bmc-84? BMC-84 is the FMCSA form a freight broker files to demonstrate a $75,000 surety bond is in place, satisfying the financial-responsibility requirement.
Full definition
BMC-84 is the surety-bond version of the broker financial-responsibility requirement. A surety company underwrites the bond — the broker pays an annual premium (typically 1-10% of the $75K face value) and the surety stands behind claims.
The alternative is BMC-85, where the broker funds a $75K trust account directly. Surety bonds are more capital-efficient for the broker; trust funds are simpler but tie up the full $75K.
Neither covers all unpaid carrier debt in a major broker default. Carriers should monitor broker payment history regardless.