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New York For-Hire Vehicle Base Bond

How much does a For-Hire Vehicle Base bond cost in New York?

If your business dispatches for-hire vehicles and the location of these vehicles, the New York City Taxi and Limousine Commission requires that you post a bond in the amount of $5,000.

SuretyBonds.com instantly issues these bonds for $100! Everyone who applies is quoted the same low amount because no credit check is needed for this specific bond. Submit a bond request or call 1 (800) 308-4358 to be bonded in 5 minutes or less.

Bond Type Bond Amount Cost*
$5,000 For-Hire Vehicles Base Bond $5,000 $100 Apply Now
*The bond premium rate quotes provided to you through this website are for pricing comparisons and quotation estimate purposes only. The bond rate quotes provided are based on general assumptions that may or may not be applicable to you and are subject to change at any time. These rate quotes do not constitute an offer of insurance, nor is any contract, agreement, or bond coverage implied, formed or bound by the provision of rate quotes. Bondability, final bond premium rate quotes and an offer of insurance, if any, will be determined by the insurance company providing your bond. You must contact us directly to obtain a quote for binding purposes.

Work one-on-one with a live specialist today! Complete our easy bond request form and a for-hire vehicle base bond expert will contact you to assist you with the bonding process.

Why do I need this bond?

By posting a bond, the principal obliges to truly comply with the provisions of Title 19, Chapter 5 of the Administrative Code of New York City, in addition to all rules and regulations given by the Taxi & Limousine Commission.

Have a question about your bond? Speak with a live bond specialist! Call 1 (800) 308-4358 or fill out a bond request today.

What’s the fine print?

This specific bond type has a given expiration date. All bonds will remain continuous during the term unless canceled by the surety. If the surety chooses to cancel a bond, a written cancellation notice must be sent to the Taxi & Limousine Commission 30 days prior to the given cancellation date.

How to become a for-hire vehicle base station in New York

To legally operate as a for-hire vehicle base station you must be licensed. All license applications must be completed in full and be accompanied by the following attachments:

  • child support certification
  • for-hire insurance certificate
  • $5,000 surety bond

Additional information might be required on a case-by-case basis. To find out what all you need to submit for license approval, contact the Taxi & Limousine Commission.

Click here to apply for your bond and receive the best customer service the surety bonding industry has to offer.

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