Now is a good time to shop for a discount rate on a BMC-84 freight broker surety bond. Many of these bonds will be coming up for renewal on October 1st, 2014. As the surety industry has gotten more comfortable with the risk, many companies are offering discount rates for the bond. The cost of the surety bond is now as low as $938.00, subject to underwriting approval.
It may be a good time to shop around for a lower bond rate. last year the bond was increased form a $10,000 bond to a $75,000 bond. With the increase in the bond amount came a significant increase in the premium. many companies concerned about the ability to obtain the larger bond, may have committed to a more expensive alternative. the rates offered by the surety industry are all over the board and an agency that does not represent multiple surety carriers may not have access to the discount rate.
While not all companies will qualify for this rate, at Surety1, getting a quote is free and fast. Why not take a few minutes to save some cash? Often a quote will be provided within hours of applying and the bond with can be delivered the next business day.