PFA’s BMC-84 Rate Programs
The BMC-84 is a $75,000 surety bond. Surety bonds are typically paid for on an annual basis as a percentage of the total bond amount. Underwriting and determining the annual premium for these types of bonds may involve several factors: personal credit, business financials, industry experience, cash on hand, and home ownership.
$1,850 Annually
Applicant must meet specific criteria from parameters described above.
$2,250 Annually
Applicant must meet specific criteria from parameters described above.
$2,995 Annually*
Applicant must meet specific criteria from parameters described above.
$3,500 Annually*
Applicant must meet specific criteria from parameters described above.
$4,500+ Annually*
(up to $9,000 depending on the applicant’s credit and industry experience)
*Premiums of $2,995 or more may have the option of semi-annual payments.
First year’s premium is fully-earned.
Typical Competitor’s BMC-84 Pricing Structure
In general, other surety providers base the bond premium ranging from 2.5% to 12% of the bond amount.
Excellent Credit & Experience
Lower Credit & Experience
Poor Credit & Lack of Experience
| 2.5% | 3% | 4% | 5% | 6% | 7% | 8% | 9% | 10% | 11% | 12% |
|---|---|---|---|---|---|---|---|---|---|---|
| $1,875 | $2,250 | $3,000 | $3,750 | $4,500 | $5,250 | $6,000 | $6,750 | $7,500 | $8,250 | $9,000 |
Please contact us by email at sales@PFAprotects.com
or call us at 800-595-2615 to discuss these options in further detail.
What You Need. When You Need It.
TRANSPORTATION SURETY
BMC-84 / BMC-85
(Required for Freight Broker Authority)
We have several pricing and payment options for BMC-84 Surety Bonds and BMC-85 Trust Agreements since 1998. We keep track of every claim from start to finish by constantly processing the required paperwork and communication until it is closed.
TRANSPORTATION INSURANCE SERVICES
Get the right coverage and secure the most competitive rates. When it comes to protecting your business, few insurers offer all of the different lines of insurance that a domestic freight broker and/or freight forwarder needs. We are here to offer you intelligent insurance solutions on every front.
