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What Is A Freight Broker Bond?

A freight broker bond is a form of insurance that is required by the FMCSA and protects against fraud or unethical actions by a anyone operating as a transportation broker. Some may be allowed to use a BMC-85 trust fund instead of a freight broker bond.

Before transportation brokers purchase a surety bond from an agency, they must submit themselves to a credit check, have their application approved, and go through other screening processes.

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