What is a Fuel Tax Bond?
You need to obtain a fuel tax bond to operate legally, and it also serves to protect the public. If you do not follow state regulations, a claim can be filed on your bond. For example, if you do not pay the required taxes to the government when selling, distributing or mixing fuel, a claim can be made. If you would like to learn more about what surety bonds are and how they work, you can read our detailed guide here.
If you're unsure whether you need a bond, you can select your state from the list below to view the bond requirements.
How Much Does a Fuel Tax Bond Cost?
The cost of a fuel tax bonds depends on several factors, including the amount of the bond required by the state where the business operates. A larger require bond amount means that the potential cost of the bond will be higher. Surety bond pricing also varies depending on your business and personal financial situation, including aspects like your personal credit score and business assets and liabilities. If you have credit issues, or you do not have strong business financials, you may pay more for your bond as a result.
Frequently Asked Questions
Apply and get approved on our website, sign the surety agreements, and we will ship the bond out. If you would like to learn more about what surety bonds are and how they work, you can read our detailed guide here.
Yes, it’s possible, but bad credit usually results in higher rates.
Yes. We provide the lowest rates possible as a result of the large volume of bonds we write.
You must contact us immediately, as we have a team of claim specialists here to find a resolution for you. Keep in mind, it is crucial that you work with an expert in the surety industry. Learn more about how to ensure you choose the proper bond company.