Commercial driver training schools operating in Georgia must furnish the Georgia Department of Driver Services with evidence of filing a $10,000 surety bond.
AmeriPro Surety Bonds offers you this surety bond for first time and renewal surety bond applicants.
The commercial driver training school bond is required of your driving school to protect the rights and contracts of the Georgia students for whom you offer your driver training services.
So while the bond is required of your driving school by the state, its purpose is a financial guarantee which protects your students from any failure of a driver school to fulfill its contractual obligations.
The bond’s existence allows students who can credibly demonstrate a breach against the driver school contract by the driving school, to file and receive financial recompense from the bond.
Ultimately, however, you as owner of this surety bond must reimburse the surety for any costs and amounts paid against your surety bond.
The surety bond is not an insurance policy.
The premium for this surety bond is typically between 2-5% of the bond’s $10,000 amount.
The amount that you will be asked and required to pay will be determined by information provided on an application (we can take your application over the phone, if you’d like), and, importantly, your credit score.
AmeriPro Surety Bonds works to find you the best surety bond pricing for your driver school bond.
The bond term is for one year after the bond’s date of issuance.
A driver school bond must always remain on file with the Department to remain eligible for operations.
AmeriPro Surety Bonds is a surety bonds only agency which provides surety bonds both in Georgia and nationwide.
We look forward to helping you obtain the surety bond needed and will do everything we can to have the bond shipped to you by the next business day.
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