Massachusetts Motor Vehicle Repair Shop Bond
AmeriPro Surety Bonds | 844-589-9732
Repair Shops – Massachusetts
Motor vehicle repair shops are required to be licensed by the Commonwealth.
Evidence of a surety bond is also required to be filed. AmeriPro Surety Bonds provides you with this surety bond as both a new (first time) and renewal surety bond.
Amount of Surety Bond Required and the Premium
The Massachusetts motor vehicle repair shop bond is a $10,000 surety bond required of all such repair shops operating in the state.
Applicants for the repair shop bond will likely pay just over $100 annually for the bond.
The bond’s amount will typically be determined by the following:
- A surety bond application;
- A credit score check.
Options may also exist in certain cases to prepay this surety bond for up to 3 years, thereby offering you a savings over a year of year renewal.
The Bond’s Duration
The Massachusetts motor vehicle repair shop bond is active for one year from the date of issuance, unless the bond is issued for a period of 2 or 3 years.
An active, current surety bond must always be on file with the Commonwealth’s Division of Standards as a condition of licensing.
The Commonwealth of Massachusetts will only accept original copies of your surety bond; emailed or faxed copies are unacceptable.
Purpose of the Surety Bond Requirement:
While this surety bond is required of your motor vehicle repair shop, it is not an insurance policy. The bond is required to protect residents of the Commonwealth.
Specifically, the bond has 3 purposes:
- The Massachusetts motor vehicle repair shop surety bond is required to ensure your compliance with Chapter 100 of the state legislature, which is the body of laws regulating repair shops;
- The surety bond is also required to ensure your compliance with any fines or fees levied for failing to comply with any provisions of the law;
- Finally, the bond is also required to ensure you payment of any judgments received in connection with the operation of your vehicle repair shop.
The wording regarding this coverage, again for others, is found in the surety bond itself.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, contractor, court, and fiduciary surety bonds throughout Massachusetts.
Our agency also provides surety bonds nationwide.
Please call us today. We can be reached at the following contact number:
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