What is a Towing License Bond?
A Towing License Bond (also called a Tow Truck Operator Bond, Tow Truck Business Bond, or Motor Carrier Surety Bond) is required to ensure business activities are conducted in an ethical and lawful manner in accordance with jurisdictional regulations and guidelines. A third party that sustains financial damages as a result of the bonded principal’s non-compliance may file a claim against the bond for reimbursement.
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