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|
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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