California Motor Transportation Broker Bond
Bond Requirements & Set Rates
| Bond Amount Required | Annual Premium |
| $15,000 | $300 |
Brokers who arrange the transport of goods by motor carriers for shippers in California are required to maintain a surety bond before conducting business. Required by the California Department of Motor Vehicles (DMV), the California motor transportation broker bond ensures compliance with state regulations and protects shippers and carriers from financial loss caused by fraud, failure to pay, or unethical business practices.
Cost of a California Motor Transportation Broker Bond
NNA Surety offers the $15,000 California motor transportation broker bond for $300 per bond term. Secure this surety bond today.
Why You Need a Motor Transportation Broker Bond
The California motor transportation broker bond protects carriers from non-payment and ensures the broker complies with the regulations set forth by the California Public Utilities Commission.
The California surety bond involves three parties:
- Principal: Motor transportation broker
- Obligee: California DMV
- Surety: Bonding company
If a valid claim is filed, the surety compensates the affected party up to $15,000, and the broker is responsible for reimbursing the surety for any claim amount paid.
How to Get a California Motor Transportation Broker Bond
Follow this simple bonding process:
- Complete this bond application with your business and personal information.
- Pay the $300 premium to activate the bond.
- Submit the bond to the California DMV as part of your licensing process.
Working with a reliable surety provider ensures quick approval and full compliance with California regulations.
Apply for Your California Motor Transportation Broker Bond Today
Secure your California motor transportation broker bond to protect clients, carriers, and your business while remaining fully compliant with California law. Complete this form or call 855-563-1401 to get bonded.