How Much Does a Taximeter Payment Bond Cost in District of Columbia?
Modern Taximeter System Payment Service Provider Bond
$50,000 Bond
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What Does a Taximeter Payment Bond Protect Against?
In the event of damages resulting from the dealer’s non-compliance with bond terms, the surety is bound to cover losses for harmed parties up to the full penalty of the bond. Furthermore, the principal is obligated to indemnify the surety for any damages paid.