New $75,000 ICC Property Broker Bond Now Available
Federal Motor Carrier Safety Administration (“FMCSA”) implementation of the new $75,000 bond
requirement starts 10/1/2013. South Coast Surety has surety programs Now in place to handle all
sizes of broker and freight forwarder companies.
San Clemente, CA, August 16, 2013 --(PR.com)-- The Federal Motor Carrier Safety Administration
(“FMCSA”) is implementing the new increase of their bond from $10,000 to the $75,000 bond
requirement for all ICC Property Brokers and Freight Forwarders. This has been a very difficult process
with many unanswered questions. As we move towards the 10/1/2013 effective date, South Coast Surety
has put in place surety programs that will take care of all Property Broker and Freight Forwarder sized
The new requirement will be effected by filing a new bond form (BMC-84) to replace the existing form.
This $75,000 is required for all Property Brokers that had the $10,000 bond as well as Freight
Forwarders. (Under the old law only property brokers had to furnish the bond.)
South Cost Surety's new programs have an extremely low start rate at only $1688. Companies with
sufficient net worth may be written without personal indemnity.
Most importantly, small brokers and those that have had credit challenges can still be approved and get
the bond they need to be able to do business.
See more about this great program at southcoastsurety.com/Freight-Broker-Bond.htm.
South Coast Surety is a National Wholesale Surety Agency with the largest in-house authority programs
in the country. They have been providing surety bond support for all business and credit profiles for over
An experienced Surety Representative can be reached at 1-800-361-1720.
South Coast Surety
Contact via Email
Online Version of Press Release:
You can read the online version of this press release at: http://www.pr.com/press-release/510354