PFA’s BMC-85 Rate Programs

PFA offers three basic plans to cover the $75,000 surety requirement with a BMC-85 Trust Agreement. We are sure that at least one of these plans will suit your needs.

Plan 1 – Cash Plan

You may elect to place $75,000 cash into your trust held with PFA.

Initial fee of $550, then no annual administrative fee for the life of your account

Plan 2 – External Letter of Credit

You can arrange with your bank or credit union to issue an Irrevocable Standby Letter of Credit (LOC) naming PFA as the beneficiary in the amount of $75,000 or place some funds in trust with the balance backed by an LOC. If your bank requires the funds to be held with them in a secured instrument, you may find it more cost effective to place the funds directly into the trust to avoid administrative fees. A sample LOC can be provided upon request.

Quarterly PaymentAnnual Payment
$75,000 Letter of Credit$400$1,500
$65,000 LOC & $10,000 in Trust$275$1,000

Plan 3 – Internal Letter of Credit

This option was expressly created to comply with the 2013 legislation. PFA has obtained a Letter of Credit from a third party Financial Institution insured by the FDIC on your behalf. You will be obligated by an indemnity agreement to reimburse the third party if the LOC is ever drawn upon by the beneficiary. As an added benefit within this option, you may decide to add additional funds toward your own dedicated trust fund to offset your annual fee.

Funds in trust:Quarterly PaymentAnnual Payment
$0 – $9,999$995$3,500
$10,000 – $24,999$695$2,500
$25,000 – $74,999$495$1,500

What You Need. When You Need It.

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.


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.



Take advantage of our simple payment process and have your account information immediately available.