Oversize and Overweight Haulers Surety Bonds are required for trucking companies that utilize oversized and overweight motor vehicles to transport goods on public highways.
These license and permit surety bonds guarantee that these companies issue prompt and full payment for any taxes, fees and penalties that are imposed by their given state’s size and weight limit policies. The extent of these financial responsibilities vary based on state, excess amount, number of vehicles and tax reporting methods. These funds collected are allocated for necessary highway construction and maintenance efforts.