Maryland Hauling Performance Bond
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How much does a Maryland hauling performance bond cost?
Maryland hauling performance bond costs start at $100 annually. Your exact premium will vary depending on your required bond amount. If your bond amount exceeds $50,000, your invoice will be provided after a quick application review.
Where can you get a Maryland hauling performance bond?
You can purchase your Maryland hauling performance bond online 24/7. Simply provide your bond amount and trucking company name for Department of Transportation filing approval. Once your payment has been processed, your official Maryland surety bond will be delivered to your email instantly.
How fast can I get a hauling performance bond?
SuretyBonds.com offers instant Maryland hauling performance bond delivery 24/7. Buy now to receive your official trucking company permit bond in minutes by email.
What is a Maryland hauling performance bond?
Code of Maryland Regulations Chapter 11.04.03.02 authorizes the state to require surety bonds before issuing a permit for vehicles hauling excessive size or weight loads or equipment. State form SHA 74.2 HP 10A is officially titled the “Maryland State Highway Administration Hauling Performance Bond" and specifically requires the permit holder comply with all terms and conditions of their permit. State law requires the bond remain on file with the Hauling Permits Unit for at least 90 days from the date of the oversize/overweight move.
Why is the Maryland hauling performance bond required?
By filing this bond, you agree to comply with all carrier license and bond terms when issued a hauling permit for oversize or overweight equipment or loads. If you fail to do so, your issuing surety company will pay any valid claim up to your full bond amount, which you'd be required to reimburse.
What is the hauling performance bond amount?
The Maryland Department of Transportation State Highway Administration enforces regulations for trucking company hauling permits, including the surety bond requirement. State law authorizes the Hauling Permits Unit determine the bond amount required for each hauling permit. If you need help determining your required bond amount, contact the Hauling Permits Unit before purchasing your bond. You can call the DOT with hauling permit questions at 1(800)546-6435 or email [email protected].
How do I update or change my motor carrier hauling bond form?
If the State Highway Administration requires your bond form to be updated for any reason, contact your surety company. If you purchased your bond from SuretyBonds.com, email [email protected] to explain the needed change. The most common changes requested are updating your trucking company name or bond amount to match your motor carrier license.
How do I renew my vehicle hauling performance bond?
You must renew your Maryland hauling performance bond before its current term expires. Once you pay your SuretyBonds.com renewal invoice, renewal instructions will be sent to keep your bond active for your next license term.
How do I get a hauling permit in Maryland?
Complete the following steps to apply for your trucking company hauling permit in Maryland.
- Create an account on MarylandOne, and complete your hauling permit application.
- Purchase and file a Maryland surety bond, if required.
- Pay required fees.
Have Questions?
Call 1 (800) 308-4358 to talk with a Surety Expert today.
