Texas Ready-Mix Surety Bond | AmeriPro Surety Bonds | 844-589-9732
Texas Transporters of Concrete
The Texas Department of Public Safety is the regulatory bond which oversees transporters of concrete in Texas.
According to Section 623.0171 of the Texas Transportation Code, concrete transporters are required to have and maintain a permit.
And, according to the Section 622.015 of the same code, Texas transporters may also be required to maintain a surety bond.
Texas Ready-Mix Surety Bond: Amount and Purpose
The Texas ready-mix surety bond is a maximum $15,000 surety bond required of trucks who transport concrete within certain municipalities, cities, or towns in Texas.
The bond has a single purpose: It protects the localities from any damages caused on the highways by a truck which transports concrete and weighs more than 34,000 pounds.
Of note the Texas ready-mix surety bond protects others.
This surety bond is does not, therefore, protect the ready-mix driver, the company, or employees in any way.
Rather, the bond is a financial guarantee that damages — up to the bond’s face amount — will be covered in the even of an accident on Texas highways where the bond is required.
Unlike an insurance policy, any claims paid on a surety bond must always be reimbursed in full by the owner (also known as the principal) of the surety bond.
Texas Ready-Mix Surety Bond: Duration
Once issued, this surety bond is valid for one year and must be renewed annually to remain in compliance with the statutes.
Texas Ready-Mix Surety Bond: The Premium or Price for this Bond
This surety bond is a relatively low-priced bond.
The premium paid for the issuance of this bond will be determined by an applicant’s credit score.
Applicants should expect to pay between 1-3% for this bond.
Those with lower credit scores may pay substantially more; however, AmeriPro Surety Bonds will obtain the best surety bond pricing regardless of your credit standing.
About AmeriPro Surety Bonds
AmeriPro Surety Bonds is a surety bonds-only agency which provides contractor, license and permit, and fiduciary bonds throughout the great state of Texas and nationwide.
Call our agency today for your bond. The process is both easy and quick.