Secure Easy Freight Broker Success With This Surety Bond
Unlock the potential of your freight brokerage business by understanding how a surety bond can streamline operations and boost your credibility—browse options and explore the advantages today.
Understanding the Freight Broker Surety Bond
The freight broker surety bond, mandated by the Federal Motor Carrier Safety Administration (FMCSA), is a vital financial guarantee for anyone looking to operate as a freight broker in the United States. This bond, often set at $75,000, ensures that brokers adhere to industry regulations and fulfill their contractual obligations. Essentially, it provides a safety net for shippers and carriers, protecting them against potential losses due to broker malfeasance or failure to pay1.