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District of Columbia Tow Truck Business Bond

District of Columbia Tow Truck Business Bond

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Who Requires the Tow Truck Business Bond and Why Is It Needed?

A Tow Truck Business Bond is a type of surety bond required by District of Columbia Code Section 47-2850.01 and the implementing regulations, 16 DCMR Chapter 4 et seq. for those desiring to engage in the business of tow truck services. The surety bond must be be issued in a coverage amount of $25,000 and executed and filed for the license period, ending not more than two years after the effective date of the bond. The purpose of the tow truck surety bond is to reimburse the District of Columbia and any person suffering financial damages as a result of the bonded principal's violation of any law or regulation in the District of Columbia relating to the practice of operating the tow truck business.

How Much Will My Surety Bond Cost?

Take 2 minutes to provide the basic information required to get the best rates for your District of Columbia Tow Truck Business Bond. The quote request is free and there is no obligation to you. If you prefer, please call 1‐800‐608‐9950 to speak with one of our friendly bond experts. We can help guide you through the bonding process and identify the lowest cost in the market for your situation.

If you are interested in spreading out the cost of your bond over time, we can offer convenient financing plans for many types of surety bonds. More information will be provided with your quote.




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