D.C. Tow Truck Business Bond Guide
If you’re applying for a tow truck license in Washington D.C., you’ll need this surety bond.
Bond Overview
- Purpose: To protect vehicle owners from harmful violations and faulty equipment
- Who Needs It: All tow truck companies in D.C.
- Regulating Body: The Department of Licensing and Consumer Protection
- Required Coverage: $25,000
- Premium Rate: $219
Learn all about the bond requirements and process in this guide.
What Is a D.C. Tow Truck Business Bond?
A Washington D.C. tow truck business bond ensures that tow companies act ethically and only tow vehicles when they have the correct clearance.
The Department of Licensing and Consumer Protection requires this bond as part of the licensing process for all tow truck businesses in the district.
How Much Do Tow Truck Business Bonds Cost?
A $25,000 D.C. tow truck business bond costs a flat rate of $219. No credit check or application is required.
Click below to buy your bond in minutes!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Do I Get My Bond?
With SuretyBonds.com, you can buy your D.C. tow truck business bond instantly online. Just enter your information and checkout in minutes.
We’ll email you the bond shortly after purchase. Be sure to file it with the Department of Licensing and Consumer Protection as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a Tow Truck Business Bond Work?
A tow truck business bond creates a legal contract between these three parties:
- Principal: You, the tow truck company owner(s) filing the bond
- Obligee: The Department of Licensing and Consumer Protection requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding the provisions of Chapter 16 of the D.C. Municipal Regulations and Register.
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 biennially. To renew your tow truck business bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.