Nevada Third-Party CDL Driving School Bond Guide
If you’re applying for a third party company and business license in Nevada, you’ll need this surety bond.
Bond Overview
- Purpose: To ensure safe and legal driving school operations and honest testing practices
- Who Needs It: CDL third-party driving schools and testing providers
- Regulating Body: The Nevada Department of Motor Vehicles
- Required Coverage: $35,000–$175,000
- Premium Rate: 1–10%, credit-based
Learn all about the bond requirements and process in this guide.
What Is a Nevada Third-Party CDL Driving School Bond?
A Nevada third party company and business license bond holds CDL schools and testing providers financially responsible for upholding state regulations.
Your bond amount will vary based on the number of annual applicants, with a $35,000 minimum and $175,000 maximum.
Who Needs a Third-Party CDL Driving School Bond?
The Nevada Department of Motor Vehicles requires this bond as part of the licensing process for third-party companies or business owners that offer CDL training and testing in the state.
How Much Do Third-Party CDL Driving School Bonds Cost?
Nevada third party company and business license 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 Nevada third party company and business license 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 DMV as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a Nevada Third-Party CDL Driving School Bond Work?
A third party company and business license bond creates a legal contract between these three parties:
- Principal: You, the third party company or business owner filing the bond
- Obligee: The Nevada Department of Motor Vehicles requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding the provisions of NRS 483.710.
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 third party company and business license bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.
