Commercial driving instructors are currently obligated to file a driving school bond in approximately thirty states. The operator owes specific duties to its license candidates and to maintain the school in compliance with the prevailing statutes and codes. A driving school bond generally guarantees the following:
In those states where a driver school bond is required, laws were created in response to schools' failure to provide the training promised. The surety bond therefore generally guarantees that a school will refund money collected for tuition or fees in the event that the operator fails to comply with the terms of his or her driver education contract with a student. The surety bond in most jurisdictions may be issued to an individual instructor or to business entity to cover all of the instructors that provide driver training. The names may be different, i.e., license tester bond, CDL third party company bond, commercial driver training school bond, etc., however they are essentially the same obligation.
Trucking schools benefit from a good reputation and professional industry associations often recommend them. The Trucker's Report offers some good advice about identifying and choosing one.
National surety bond leader, Surety One, Inc. is a specialist in providing for bonding needs of commercial and private driving schools. We offer this class of surety bond and service contract performance bonds to all applicants in EVERY state where required. Credit is a factor in surety bond underwriting and we have programs to fit every credit condition. Call (800) 373-2804, email Underwriting@SuretyOne.com or click here for a live chat regarding a driving school bond application or to discuss your particular needs.
Surety bond application review and quoting are free of charge. There is no obligation to purchase.