Commercial driver training schools in the state of Ohio are required to post a surety bond with the Ohio Department of Public Safety (ODPS) as part of their licensing requirements. The purpose of this surety bond is to guarantee that the principal (driving school operator) complies with all regulations in Chapter 4501-7 of the Ohio Administrative Code governing the operation of commercial driver training schools, and ensures that the principal provides reimbursement to students for instruction and/or services not supplied. If a harmed party files a valid claim against the bond, the surety will pay out up to the penal sum of the bond to resolve the claim. The principal is then required to reimburse the surety for all monies paid out, including any attorney fees incurred.
The amount for an Ohio Driving School Surety Bond varies and is based on the type of training provided:
Training the operation of class “D” motor vehicles:
- First location – $10,000 Bond
- Additional location – $2,000 Bond for each additional school
Training the operation of commercial motor vehicles:
- $50,000 Bond for each school licensed by the enterprise
This surety bond has a continuous term and remains in effect until canceled. The surety can terminate the bond at any time by giving a 10 day written notice to the ODPS and the principal.
Pacific Surety is proud to offer a variety of approvals regardless of credit with rates as low at 1% annually for qualifying applicants. The process typically takes just a few hours for a quote, and we have the ability to beat any competitors pricing. If you have any specific questions, feel free to contact our knowledgeable underwriting staff.
Surety Bond Name
Driving School Surety Bonds – Ohio
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