The Maryland Department of Transportation requires motor vehicle dealers in the state to post surety bonds. Requirements could range anywhere from $5,000 to $300,000 and apply to the following types of dealers:
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Contractor bonds are essential tools that help ensure smooth operations and the fulfillment of contracts before, during, and after construction projects. In this article, we explore these bonds in depth. Whether you’re a seasoned pro or just starting out, this guide will equip you to navigate surety with confidence. We cover why these bonds are […]
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The Wisconsin Department of Transportation requires motor vehicle dealers in the state to post the following surety bonds: Retail dealers: $50,000 bond Salvage dealers: $25,000 bond RV dealers: $25,000 bond Wholesale dealers: $25,000 bond Motor vehicle auction dealers: $25,000 bond Moped dealers: $5,000 bond
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Effective March 18, 2024, the U.S. Small Business Administration has increased its contract limits under the Surety Bond Guarantee Program. This adjustment accounts for the 34.46% inflation since 2010. Read on to learn how these new limits may affect your business and your ability to get bonded for larger federal contracts and other projects. SBA […]
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The Motor Vehicle Commission requires you to purchase a $50,000 (minimum) Corporate Surety Bond to get your auto dealer state license in Tennessee. You must keep it active for two consecutive years, starting when you receive your license.
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To get your auto dealer license in South Carolina, the Code of Laws requires you to purchase a surety bond. Here are the surety bond requirements for different types of bonds (effective 1/1/2024): Retail, wholesale, and RV dealers: $50,000 bond Motorcycle and motorcycle wholesale dealers: $25,000 bond Wholesale auction dealers: $15,000 bond
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Who doesn’t love a good success story? At ZipBonds, we work hard to make them happen. Client Success Story [ZipBonds Case Study] A new insurance agent contacted us, struggling to get his current client bonded on a project.
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To get your auto dealer state license in Utah, you must purchase a $75,000 auto dealer bond. This includes anyone with a business that sells new or used motor vehicles or off-highway vehicles and sells, displays for sale, or offers or exchanges three or more vehicles in 12 months. Body shops must post a $20,000 […]