How much does a $5,000 for-hire vehicle base station bond cost in New York?
New York for-hire vehicle base station bonds cost $100 without underwriting. Simply click Buy Now to purchase your bond online via our secure bond checkout. In just a few minutes you can be on your way to being bonded as a for-hire vehicle base station in New York City.
|Bond Type||Bond Amount||Cost|
|$5,000 For-Hire Vehicle Base Station Bond||$5,000||$100|
Why do I need this bond?
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.
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.
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.
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