Surety Bond Blog

Please read our blog about a wide variety of insurance topics. Please feel free to ask us any questions.

What is a Freight Broker Bond BMC-84 and How to obtain at Affordable Rate?

Freight Broker Bond, BMC-84 Freight Broker Bond BMC-84, is required by FMCSA ( Federal Motor Carrier safety Administration) for all companies providing brokerage or freight forwarding services. As of October 1, 2013 FMCSA increased the minimum financial responsibility to $75,000 freight broker bond, also know as a MBC-84. Formerly known as the Interstate Commerce Commission bond, or ICC Bond, the Freight Broker bond is legally required... Read Article

How to Get a Texas Auto Bonded Title?

Three simple steps on how to obtain a bonded title without spending a lot of money. 1-  First go to your nearest Motor Vehicle Department ( get nearest address  http://www.txdmv.gov/wheretogo/regional_offices.htm) & complete the following forms: Complete a request for Motor Vehicle Information (Form VTR-275) Complete a Statement of Fact for Bonded Title (VTR-130-SOF) 2-  Go or call a Surety Bonding Company to obtain a Title Bond ( www.allstatesuretybonds.com or call 800-374-9227, local... Read Article

Why Do You Need a Used Car Dealer Bond?

Used car dealer surety bond also known as DMV bond, motor vehicle dealer bond, car dealer bond is required by the State to obtain a dealership license so you can conduct business in that State.. Auto dealer bond does not protect the used car dealer from lawsuits, Your will need Dealer Garage Insurance to protect your dealership from claims and lawsuits, but Surety Bond protects the consumer from any fraud or misrepresentation by the car dealer. Auto Dealer Bond guarantee compliance... Read Article

Purpose of Buying Surety Bond for Auto Dealers.

Surety Bonds for Vehicle Dealers Auto dealers in most states must file a surety bond with the state's Department of Motor Vehicles (DMV) before they can receive their auto dealer license. Unfortunately, purchasing an auto dealer bond can be one of the most confusing parts of getting a dealer license. That’s why we developed the following comprehensive guide to auto dealer bonding. Surety bonds are... Read Article

Freight Broker Bond – BMC-84

Freight Broker Bond BMC-84, is required by FMCSA ( Federal Motor Carrier safety Administration) for all companies providing brokerage or freight forwarding services. As of October 1, 2013 FMCSA increased the minimum financial responsibility to $75,000 freight broker bond, also know as a MBC-84. Formerly known as the Interstate Commerce Commission bond, or ICC Bond, the Freight Broker bond is legally required to operate as an... Read Article