ICC Broker Bonds
What is an ICC Broker Bond?
ICC Broker Bonds are a bond required by the Federal Motor Carrier Safety Administration (FMCSA). It is required of any individual or business who wants to operate as a transportation broker for the FMCSA. The bond guarantees that the principal will pay replacement shippers and motor carriers if they fail to carry out their transportation contracts with the FMCSA. With the signing of the MAP-21 bill, property brokers and freight forwarders are required to post a $75,000 bond by 10/1/2013, replacing the previous $10,000 bond. Brokers that do not comply with the new bond requirement may have their broker authority revoked by the FMCSA.
To begin the application process, download the form below: