Base Station Bonds
What is a Base Station Bond?
A base license is issued by the New York City Taxi & Limousine Commission under the For-Hire Vehicle Rules to these three types of bases:
- Base station
- Black car base
- Luxury limousine base
The surety bond will serve as a guarantee that the licensee will only dispatch vehicles that are licensed by the New York City Taxi & Limousine Commission from its base.
The vehicles should also have a current New York City commercial use motor vehicle tax stamp.
If the licensee fails to fulfill the aforementioned conditions, the Obligee of the surety bond will be able to file for a compensation to cover all civil penalties incurred due to the violation.
Do I Need a Base Station Bond?
Every person who is applying for a base license or is renewing a base license in the State of New York is required to submit a surety bond with a sufficient amount.
This requirement is in pursuance of Title 35 of the Rules of the City of New York.
How to Get a Base Station Bond FAST!
Applying for a Base Station Bond is not difficult, as we’ve simplified the process for you into easy to understand steps, which can be found on our Base Station Bond application.
Finally, if you would like to speak to a live customer service representative to walk you through the process of applying and getting approved for a Base Station bond today, we are here to answer all questions.
Our professionals are committed to easing the process for you. call us at (800) 921-1008, Live Chat with us below, contact our Bond Manager at Bonds@BFBond.com
AN INSURANCE AND BONDING AGENCY WORTH RECOMMENDING. SINCE 1949.
800.921.1008