Nevada ICC Broker / Freight Broker Bond | AmeriPro Surety Bonds | 844-589-9732
Nevada ICC Broker / Freight Broker Bond
ICC brokers, also known as freight brokers, are regulated by the Federal Motor Carrier Safety Administration (FMCSA), a federal government regulatory body, which is under the jurisdiction of the United States Department of Transportation (USDOT).
Their headquarters and phone number are as follows:
Federal Motor Carrier Safety Administration
United States Department of Transportation
1200 New Jersey Avenue SE
Washington, DC 20590
Nevada ICC Broker Licensing
Essentially, ICC brokers are the go between the supplier who needs to ship cargo and the entity receiving the cargo.
ICC brokers have no business investment in the cargo itself, other than assuring that it is transported properly, safely, and in a timely and professional manner.
The application for an ICC broker involves six parts.
- The first part involves the initial application where the applicant applies for an operating authority. There is an application fee of $300;
- The second stage, once the application is approved, is the where the grant letter and MC/FF (Motor Carrier/ Freight forwarder) number are issued to the applicant;
- The third stage involves a 10 day “protest period” where the applicant’s authority is published in the FMCSA register. If there any objections, persons are permitted to contest the granting of the license. Should no protest take place then the application moves forward;
- The fourth stage involves obtaining the $75,000 surety bond for ICC brokers; however, at any point after the second stage applicants should contact AmeriPro Surety Bonds to begin the bonding process;
- The fifth stage involves obtaining an agent for service of process for every state in which an ICC conducts business. This, too, can be begun after the second stage.’
- The sixth and final stage is the issuance of the license certificate which authorizes operation. After this final stage has been completed—via notification by mail — than an ICC may operate.
You may go into more detail here: form OP-1
Nevada ICC Broker / Freight Broker Surety Bond
Though the government application categorizes the $75,000 surety bond as “insurance”, we wish to emphasize in the strongest terms that this surety bond does not protect the ICC Broker at all.
The surety bond is not a “type” of insurance for the freight broker.
The surety bond protects the FMCSA from wrong, criminal, negligent, or fraudulent acts committed by an ICC broker.
In other words, the surety bond is purchase by the ICC to protect the FMCSA (and any consumers or other business) from potentially illegal acts committed by the freight broker.
Purchasing an Nevada ICC Broker / Freight Broker Bond:
AmeriPro Surety Bonds will handle the filing
AmeriPro Surety Bond’s goal is to make the purchase of the ICC broker bond both easy and quick.
Once purchased, you will have to do nothing further.
AmeriPro Surety Bonds will electronically file your bond with the FMCSA on your behalf to ensure that this is recorded immediately.
Price of a Nevada ICC Broker / Freight Broker Bond
The premium payment for the $75,000 surety bond will be determined by the applicant’s credit score.
AmeriPro Surety Bonds will work to get the best pricing available.
If the premium payment required is over a certain threshold, then we may be able to offer financing.
AmeriPro Surety Bonds
Thought the bond is a federal requirement, the surety bonding company must be licensed to conduct surety in the state of Nevada. And, of course, that is the case.
AmeriPro Surety Bonds provides contract, license and permit, and court bonds throughout Nevada.
We also provide surety bonds throughout all 50 states.
Allow us to earn your trust: 844-589-9732