Transform Freight Broker Success with Surety Bond BMC-84 Filing
Cost Implications and Financial Considerations
While the bond amount is $75,000, the cost to you as a broker is typically a percentage of this amount, known as the premium. This premium can range from 1-10% of the bond amount, depending on factors such as your credit score and financial history3. Brokers with good credit can expect to pay lower premiums, making it crucial to maintain a strong financial profile.