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Testimonials:
"The agent knew exactly what we were looking for and guided our company through the process. JW Surety Bond Consultants is highly recommened."
-Janet Faix of Knight Equipment on 10/02/2007
"As we try to grow our block of medical malpractice business, we're trying to use the internet as much as possible. Your site is a good example to us of how to make it work."
-Steve Couch of MedRisk, LLC on 10/18/2006
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Toll Free: (888) 592-6631
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Freight Broker Bond (BMC-84)
Apply Online – Obtain a quote immediately online.*
Description: A freight broker bond is required by the Federal Motor Carrier Safety Administration (FMCSA) in order to legally operate as a transportation broker. Other names
for this bond are BMC-84, ICC Bond (this bond was previously a required of the ICC), and a Property Brokers Surety Bond. The FMCSA also allows brokers to submit the BMC-85 trust fund
in lieu of a bond. However, our agency only recommends brokers make use of the BMC-85 trust fund if they do not qualify for the bond.
Current Market: A large amount of bond claims over the years has caused bonding companies to consider Freight Broker Bonds extremely risky. Most sureties
require 100% collateral in order to consider this bond. Fortunately, JW Bond has several specialty programs that can place the bond with no collateral.
Special Programs: JW Bond offers the BMC-84 Bond with no collateral to applicants who qualify. Most bonding companies require Freight Broker bonds to
be fully collateralized, but our bulk volume allows us to place these high risk bonds under unique terms.
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Recent Forum Posts:
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Bond filing question
Forum: ICC Bonds
Posted By: olthoff
Post Time: 06-23-2008 at 05:45 PM
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Payments for bonds?
Forum: ICC Bonds
Posted By: Bond Guy
Post Time: 06-02-2008 at 09:36 AM
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Same coverage?
Forum: ICC Bonds
Posted By: Bond Magician
Post Time: 04-08-2008 at 01:22 PM
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*Quotes are given immediately online when possible. Some circumstances require an application to be reviewed by an underwriter.
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