BMC-84 Bond Renewal
Yes, this page is a retread! We’ve been writing these bonds at competitive rates for over ten years now! What started out as an expensive and hard to place bond 10 years ago, evolved into a rate driven competitive bond market. In recent years however, some markets have pull back out of BMC-84 Bonds. Through it all, we have served our agents well by finding new markets on BMC-84 Bond Renewals and new BMC-84 Bond accounts.
BMC-84 Bond Renewal Application
Applying for a BMC-84 Bond for you client has never been easier. Click on the red “APPLY NOW” button at the top of the page to submit information online. You can submit an application you already have filled out or request a PDF application by emailing jdillenburg@ccisurety.com. You can also download a PDF application License and Permit App. Never hesitate to call 866-317-3294 to ask any questions you have about getting started on a BMC-84 Bond Renewal or new BMC-84 Bond Renewal.
Remarketing BMC-84 Bond Renewal
If you have received a non-renewal notice or want to make sure you get a competitive renewal quote on your client’s BMC-84 Bond Renewal, contact CCI Surety today. You’ll be working with our experienced commercial bond team. Most of our team has been handling these for all of the ten years since the increase to $75,000.
BMC-84 Bond Renewal History
In 2013, the FMSCA increased the bond requirement for BMC-84 (Formerly ICC Freight Brokers) Bonds from $10,000 to $75,000. Starting in July and August, freight brokers and their insurance agents will start receiving renewal notices for their BMC-84 Bonds.
It is important that you keep your clients by making sure you have the lowest quote available. Sureties that have written many of these bonds may be offering lower rates than they did in 2013 when these bonds were first raised to $75,000.
WE MAY BE ABLE TO QUOTE COMPANIES WITH CREDIT SCORE OR OTHER FINANCIAL ISSUES.
If you have any questions or need more information don’t hesitate to contact us. Jim Dillenburg jdillenburg@ccisurety.com 866-317-3294
Payment & Performance ★ Bid ★ ERISA ★ Motor Vehicle Dealer Bonds ★ BMC-84 ★ Wage & Welfare ★ License and Permit ★ Commercial ★ Contract ★ Miscellaneous
Please Note: We can always get started working on submissions or applications that you have already prepared for other markets. CCI Surety, Inc. specializes in hard to place contract bonds that may have previously been declined by other sureties. We use different kinds of tools which allow us the freedom to think outside the box with our underwriting strategy. We are able to get comfortable with difficult situations using escrow / funds control, SBA Surety Bond Guarantee program and working capital deposits as different options to get the bond approved. CCI also has a very successful Small Contractor Program for contracts up to $500,000. Over $500,000 Bonds may be obtained with a two page application plus any financial documents that are available. On commercial bond business we handle both standard and non standard business. Contract Bonds – Multiple Markets – Can Provide A+ rated bonds – $3M in-house authority, up to $15M from home office – Quick Turn around – No Agency Requirements SBA Backed Bonds – Multi-time National SBA Bond Producer of the Year – Potential to approve bonds even with negative working capital – SBA Bond Program now covers bonds up to $6.5M and in some cases $10M Commercial Bonds – Standard and Non-Standard Bonds – Experienced staff specialized in handling Commercial Bond needs – License and Permit, Fidelity, ERISA, Business Services and Court Bonds – Miscellaneous Bonds
