The State of Nevada requires all body shops, wreckers and transporters involved in the vehicle industry to have a surety bond, per the licensing requirements of the Nevada DMV used in NRS 487.610 to 487.690. This surety bond protects any individual who is injured by the action or actions of the principal and/or his employees or agents involved in any fraud or fraudulent representation. Dealers, brokers, rebuilders, lessors, distributors, manufacturers, body shops, wreckers and transporters operating in the state all need to be bonded. The surety bond amount will vary based on the type of business activity as outlined below.
- OFF-HIGHWAY VEHICLE – $50,000
- CAR DEALER OR BROKER – $100,000
- GARAGE – $5,000
- BODY SHOP – $10,000
- WRECKER AND SALVAGE POOL – $50,000
- VEHICLE TRANSPORTER – $100,000
Pacific Surety offers industry low rates and can obtain approvals for almost all credit situations. Once our simple application has been completed, we can have pricing to you within hours.