Waste Tire Hauler Bond

Specific states require waste tire haulers to be bonded as part of the licensing process. Check with your state authority to determine your exact requirements (or call ZipBonds!). Different states define waste tire haulers differently and may only require bonds under certain circumstances.

If you plan to operate a waste tire hauler business in any of the following states, you may need a surety bond, depending on how many tires you move as waste. 

• California
• Iowa
• Colorado 

Like other license and permit bonds, waste hauler bonds are three-party agreements between an obligee, a principal, and a surety. The obligee is the state agency that requires you to get the bond as part of your licensing process. The waste tire hauler is the principal that must purchase the bond and follow its terms. 

The surety company will issue your bond and back it financially in case of claims. Just keep in mind that if a valid claim is filed against your bond, you will ultimately be held fully responsible for covering all costs involved in settling that claim.

If you violate the statutes or regulations of your industry, someone can file a claim against your bond. Avoid claims by carefully following all state laws governing your business.

To obtain your bond, you will pay a small percentage (typically 1-10%) of the bond amount required, which ranges from $10,000 to $20,000 in many states. The better your credit score is, the lower your premium rate will generally be. These bonds are easy to obtain and can be issued quickly after application for as little as $100.

If you have a low credit score, you may still be able to get bonded at an affordable rate. Expect to pay a higher percentage of the bond requirement.