Surety Bond Education

Category: Commercial Bonds

Surety Bond Education

City of Austin Fiscal Surety Bond

City of Austin Fiscal Surety Bond

If you are a developer or contractor doing work in the City of Austin, Texas you may need a “Fiscal Surety” bond.  This Fiscal Surety Bond could relate to a site plan or a subdivision.  Posting a Fiscal Surety Bond is one way to meet the requirements for Fiscal Surety with the City of Austin. What Is a Fiscal Surety Bond? A City of Austin Fiscal Surety Bond is a surety bond that guarantees that all construction and improvements made to City of Austin infrastructure will be completed.  In the surety industry, we refer to these types of bonds as […]
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Oversize Permit Bond For Cities And Counties

Oversize Permit Bond For Cities And Counties

Many cities and counties require a permit bond related to a permit obtained when a vehicle will be used on their roadways that is over the weight limit.  This is referred to an Oversize Permit Bond or also a Superheavy Permit bond. What Is An Oversize Permit Bond? An oversize permit bond is a guarantee provided to the City or County. It is a guarantee for any damage to their infrastructure while operating your over weight equipment.  The amount of the bond varies; however, they are typically $10,000 to $50,000. How Do I Obtain This Permit Bond? The application process […]
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TXDMV Super Heavy Permit Surety Bond

TXDMV Super Heavy Permit Surety Bond

As you are applying for a Super Heavy Permit with the Texas Department of Motor Vehicles they may ask you to provide a $10,000 Surety Bond. The purpose of this surety bond is to guarantee that any damage you cause will be repaired. The damage could be to roads or bridges while you are moving your heavy load. The Super Heavy Permit Surety Bond must be obtained annually. The bonds must be renewed each year by August 31. How Do I Obtain A Super Heavy Permit Surety Bond? The $10,000 TXDMV Surety Bond is very quick and easy to obtain. […]
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Motor Vehicle Dealer Bond

Motor Vehicle Dealer Bond

Who Needs a Motor Vehicle Dealer Bond? In the state of Texas, anyone applying for a motor vehicle dealer license will first need to obtain a motor vehicle dealer bond.  If you are engaged in the business of buying or selling vehicles as a dealer you will need this bond. In the State of Texas, the amount of the bond is $25,000.  But the bond amount varies by state. What Does This Bond Guarantee? A Motor Vehicle Dealer Bond guarantees that you, as the dealer, will provide valid payment to anyone from whom you buy a vehicle. It also guarantees […]
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Code Compliance Bond

Code Compliance Bond

A Code Compliance Bond is a type of license and permit bond that a business or individual must obtain that relates to a professional license. The bond will guarantee that the individual or business will comply with the terms of their professional license. Some examples of these types of bonds include a Right Of Way bond for a contractor or a Contractor’s License bond.   How Do You Obtain a Code Compliance Bond? Obtaining this type of bond if typically pretty easy. It will require you to complete an application and pay the premium for the bond. Some entities will […]
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City of Austin Right of Way Bond

City of Austin Right of Way Bond

The City of Austin, Texas requires a $10,000 Right Of Way Bond in several different circumstances. This bond is associated with a Right Of Way Permit. Some of the instances when you need a Right of Way bond are when you need a Right of Way permit for the following: Temporary Use of Right of Way Driveway/Sidewalk Excavation We are a surety bond agency located in the Austin, Texas area. We can help you secure your City of Austin Right Of Way Bond. The process is simple and we can get you your bond as quickly as the next business […]
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