Motor carrier compliance bond cost
Florida’s Department of Transportation requires motor carriers to post surety bonds in varying amounts prior to conducting business. Applicants should verify their required bond amount with the Office of Motor Carrier Compliance prior to bonding.
Because the required amount and price of these bonds can vary so much, our experts recommend contacting us so that we can walk you through our fast and easy bonding process.
Why this bond
Florida motor carrier compliance surety bonds are put in place to ensure that principals (motor carriers) pay all civil penalties and fees incurred by the operation of commercial motor vehicles as prescribed by Rule Chapter 14-87 of the Florida Administrative Code and Section 316.545 of the Florida Statutes. If the principal fails to fulfill these terms, the bond protects the state from financial loss up to the full bond amount.
Motor carrier compliance bond details
Motor carrier compliance bonds in Florida run continuously and remain in full force and effect unless canceled. The surety can cancel the bond by giving written notice of cancellation to the Florida Department of Transportation at least 30 days prior to the effective cancellation date.
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