New York Hazardous Waste Bond
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How much does a hazardous waste bond cost in New York?
If you manage contiguous land, structures and other appurtenances that treat, store or dispose of hazardous waste, you are required to post a surety bond. The amount of these bonds varies and is determined by the Commissioner of the Department of Environmental Conservation. Be advised, having your given bond amount at hand when speaking with a surety expert can speed up your bonding process.
This specific bond type is subject to underwriting. This means your bond premium is determined by the financial credentials of your credit report. SuretyBonds.com can get you bonded at the lowest available rate. Submit a bond request or call 1 (800) 308-4358 for your personalized quote.
Why do I need this bond?
By posting a bond, the principal guarantees to faithfully fund the standby trust funds (in the amount prescribed by the Commissioner of the Department of Environmental Conservation) prior to the beginning of final closure of each hazardous waste facility.
What’s the fine print?
All bonds will remain in full force unless canceled by the surety. If the surety chooses to cancel a bond, a written cancellation notice must be mailed to the Commissioner of the Department of Environmental Conservation and the principal 90 days prior to the deemed cancellation date.
How to become a hazardous waste facility in New York
Licensing requirements differ for each specified hazardous facility license type. For specific information on what is needed for your license approval, contact the Department of Environmental Conservation.
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