New York – North Hempstead Waste Management Bond
AmeriPro Surety Bonds | 844-589-9732
Licensing of North Hempstead Waste Management Companies;
Amount of Surety Required
Waste management companies in North Hempstead, New York, are required to obtain a surety bond commiserate with their classification by the city.
The breakdown of classification and amounts is as follows:
- Type I – collection/disposal companies require a $20,000 surety bond;
- Types II and III – require a $3,000 surety bond;
- Type IR – requires a $5,000 surety bond.
These are the minimum amounts.
The amount of surety bond is to be 250% of the average monthly charges by your waste management facility for the prior calendar year.
If you have no prior history of waste management in North Hempstead, the surety bond amount is equal to 250% of the amount that you estimate will be earned in the current calendar year.
This is as per the Town of North Hempstead Sanitation Code, §46-4 (2) (b).
Qualifying and the Premium
Up to and including a $50,000 surety bond requirement, you are automatically approved for the North Hempstead waste management bond.
Your bond will have an expiration date of December 31st in the year it is purchase.
The premium for your bond will be 1% of the amount required; however, depending on the amount of surety required and when it is purchased, the premium amount may be prorated.
Waste management company and refuse company surety bond amounts greater than $50,000 will undergo a credit inquiry, after signing a completed application.
To be approved for these higher amounts, good credit is required; and the rate remains 1%.
Once your premium is paid, this bond is issued to you immediately. Your surety bond, a Power of Attorney form, and a notarization by our agency as Surety will be mailed to you.
Upon receipt, you’ll have your surety bond notarized as Principal, filing all received documents to:
Town of North Hempstead
Office of the Town Clerk
200 Plandome Road
Manhasset, NY 11030
Purpose of Your Surety Bond Requirement
The purpose of this surety bond requirement is to serve as a financial guarantee for the Town of Hempstead that you’ll be in compliance with all provisions of Chapter 46, as referenced above.
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…