Connecticut MTG Bond Guide
If you’re applying for a Major Traffic Generator certification in Connecticut, you’ll likely need this surety bond.
Bond Overview
- Purpose: To ensure completion of work and to protect public safety
- Who Needs It: Traffic generating and land use contractors/developers in Connecticut
- Regulating Body: The Department of Transportation, Bureau of Highway Operations and Maintenance
- Required Coverage: $1,000–$100,000
- Premium Rate: 1–10%, credit-based
Learn all about the bond requirements and process in this guide.
What Is a Connecticut MTG Bond?
The state of Connecticut requires this bond for any contractor applying for an Office of State Traffic Administration (OSTA) certification to become a Major Traffic Generator (MTG).
The Department of Transportation requires this certification for land use and traffic generating construction project owners and developers.
How Much Do MTG Bonds Cost?
Connecticut Major Traffic Generator bonds cost a small percentage of the required coverage amount, typically 1–10%.
Exact rates vary based on personal credit score. Apply for your free quote now!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Do I Get My Bond?
SuretyBonds.com provides the fastest and easiest way to get a Connecticut Major Traffic Generator bond. Just follow these quick steps:
- Apply: Submit an online quote request form
- Quote: Receive your quote within one day
- Sign: Complete the indemnity agreement
- Buy: Purchase the bond online 24/7
We’ll email you the bond shortly after purchase. Be sure to file it with the state as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a Connecticut MTG Bond Work?
A Major Traffic Generator bond creates a legal contract between these three parties:
- Principal: You, the land use/traffic generating contractor filing the bond
- Obligee: The Connecticut Department of Transportation, Bureau of Highway Operations and Maintenance requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding the provisions of Sections 14-311 of the Connecticut General Statutes.
If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you must ultimately refund the surety.
How Do I Renew My Bond?
These bonds expire annually. To renew your Major Traffic Generator bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.
