New York – New York City Street Permit Bond
AmeriPro Surety Bonds | 844-589-9732
NYC Street Work Permit License
Contractors performing street permit work in NYC (sewer and water systems) are required to obtain a surety bond commiserate with the number of street locations, as determined by the New York City Department of Transportation.
The number of locations, surety bond and amount, and premium pre-qualifiers are as follows:
- One location, $10,000 surety bond — $100 premium, no credit check; bond expires on December 31st;
- 2 to 50 locations, $50,000 surety bond – $500 premium, no credit check;
- 51 to 100 locations, $100,000 surety bond – $1000 annual premium; a surety bond application along with a credit check. To be approved, good credit is required;
- 101+ locations – $250,000 surety bond — $2500 premium, a surety bond application with a credit check, and again, to be approved, good credit is required.
Issuing Your NYC Permit Surety Bond
Applicants for the $10,000 to $50,000 New York City street permit bond will have their application taken by us over the phone and the corresponding surety bond issued immediately after paying the annual premium.
Upon approval of your good credit and after a review by an underwriter for the $100,000 and $250,000 surety bond amounts, our agency likewise issues your surety bond after payment of the premium.
For any New York city street permit bond amounts, after payment of the premium, our agency will issue you the following original documents by mail:
- Your surety bond. Upon receipt by mail, you’ll notarize your surety bond as Principal;
- A Power of Attorney Form;
- A statement of assets and liabilities from our Surety.
All completed documents will be filed by you to:
City of New York
Department of Transportation
55 Water Street, 9th Floor
New York, NY 10041
Purpose of Your Surety Bond Requirement
Regardless of the amount required, the purpose of your surety bond includes the payment of any fines, fees, and penalties imposed by NYC for work done haphazardly; completing contractual work as agreed, and other items as delineated on your surety bond form.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, court, probate, and other surety bonds in New York and all 50 states.
Please call our agency today at:
Or, you may fill out the form below and a Surety Agent will contact you.