Broker Bonds

The FMCSA requires freight broker bonds to protect shippers and motor carriers from brokers and freight forwarders who fail to meet their contractual obligations. These bonds are essentially a binding agreement between the freight broker, the FMCSA and the surety bond company. Broker bonds cover any claims made against the freight broker.

Costs of broker bonds can vary depending upon:

– Credit score

– Years in business

– Current or prior claims

– Business financials

– Assets

NASTC Insurance has some of the best rates available and guaranteed bond acceptance by the FMCSA. Let us help you today to navigate the pros and cons of this type of insurance and all of the necessary security requirements.