Federal rules require property brokers to keep financial security of $75,000, through a surety bond (form BMC-84) or a trust fund (form BMC-85). It exists to pay carriers and shippers when a broker fails to meet its obligations.
Before a claim
- Send written past-due notices with the paperwork attached.
- Give a clear final deadline.
- Keep copies of everything: rate confirmation, signed BOL and POD, invoice, every email.
Making the claim
The bond or trust provider is listed in the broker's records on FMCSA's licensing and insurance site. Contact the surety or trust company, ask for its claim form and send it with your documents. FMCSA rules that took effect in January 2026 set more requirements for how sureties and trust providers handle claims and broker failures; check the current rules.
Know the limits
The $75,000 is for all claims against that broker, so when a broker fails, many carriers may claim against the same bond. Claim early. For larger amounts or when the bond is not enough, a lawsuit may be the next step; in Florida, small claims court handles cases up to $8,000. Talk to an attorney about the right path.
Our bond claim packet checklist lists what to gather.
General information, not legal, tax or financial advice.
This article is general information, not legal, tax or regulatory advice. Rules change; confirm current requirements with the responsible agency or a licensed professional.
