What Is A Car Wash Surety Bond?
Car Wash Surety Bonds guarantee that the owners and operators of any car washing or polishing services properly compensate their employees and adhere to all applicable laws and regulations, specifically those pertaining to the employment of minors and illegal aliens.
Which States Require Car Wash Business To Be Bonded?
California and New York are some of the first states to adopt Car Wash Surety Bond requirements. If you have questions pertaining to your specific state, please call 1-866-722-7873 and one of our Underwriters will assist you.
How Much Do Car Wash Bonds Cost?
Pricing for Car Wash Surety Bonds varies, and your premium will be based on the following factors:
- Amount of the bond
- Term length of the bond
- Personal credit of the business owner
- Financial Strength of the Business (statements typically required)
Typical rates start at 1% of the bond amount annually for well-qualified applicants.
Can I Get A Car Wash Surety Bond With Bad Credit?
Pacific Surety offers a wide-range of approvals, regardless of credit, for Car Wash Surety Bonds. With our strong surety relationships, we have the ability to approve 99% of applicants, regardless of how bad their credit is. Our knowledgeable underwriting staff will work with you to ensure you receive the lowest possible pricing for your bond. Applicants with substandard credit can expect to pay 5%-10% of the bond amount in premium.
How Are Car Wash Bonds Purchased?
The first step is to complete our quick online application for your free, no obligation bond quote. Submission takes only five minutes, and our underwriting staff will be in contact with you within a couple of hours with pricing. If you prefer to speak with our knowledgeable staff, please call 1-866-722-7873 and one of our Underwriters will assist you in applying for your bond.
After you receive approval, you must sign an indemnity agreement with the surety and provide payment for your bond premium. In most cases, we can issue bonds the same day we receive your signed documents and payment.