Your freight broker bond is a mandatory $75,000 that works much the same way as a security store for your clients. If you don't satisfy your agreements, the security guarantees that you make them an asset to cover the misfortunes for your clients. The BMC-84 form must be renewed yearly, and the security can be covered through an insurance agency, although rates and pricing vary. For more information visit our site. lgoa.net/start-your-own-freight-brokerage-b..
