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New York
Terminal Operator Bond

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Coverage Amount: $10,000
Term Length: 1 year
Cost: $200
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New York Terminal Operator Bond Guide

If you’re applying for a terminal operator license in New York, you’ll likely need this surety bond. 

Bond Overview

  • Purpose: To ensure payment of taxes and adherence to license regulations
  • Who Needs It: Motor fuel storage facility owners applying for a terminal operator license
  • Regulating Body: The New York State Department of Taxation and Finance
  • Required Coverage: $10,000
  • Premium Rate: $200 for a 1-year term

Learn all about the bond requirements and process in this guide.

What Is a New York Terminal Operator Bond?

The State Department of Taxation and Finance requires this bond for professionals with a motor fuel storage facility who have applied for a terminal operator license in New York.  

Under the bond, the state is protected from financial harm if an operator violates New York Tax Law or other applicable regulations.

How Much Do Terminal Operator Bonds Cost?

A $10,000 New York terminal operator bond costs a flat rate of $200 for a 1-year term. Or, you can save 25% by selecting a multi-year term. 

Click below to buy your bond in minutes!

Bond Type
$10,000Terminal Operator Bond

SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees. 

How Do I Get My Bond?

With SuretyBonds.com, you can buy your New York terminal operator bond instantly online. Just enter your information and checkout in minutes. 

We’ll mail you the bond via your preferred shipping method. Be sure to file it with the  State Department of Taxation and Finance as instructed. 

If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance. 

How Does a New York Terminal Operator Bond Work? 

A terminal operator bond creates a legal contract between these three parties: 

  1. Principal: You, the terminal operator license applicant filing the bond
  2. Obligee: The  State Department of Taxation and Finance requiring the bond
  3. Surety: The provider issuing the bond

This holds you financially responsible for upholding the provisions of Article 12-A of the Tax Law. 

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 terminal operator bond, simply pay your renewal invoice when prompted. 

We’ll begin contacting you by phone and email 90 days before the expiration date. 

More Resources

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