Car wash bonds in the amount of $150,000, or $30,000 if the car wash is part of a collective bargaining agreement, are required by the City of New York, Consumer Affairs Licensing Center. These bonds exist to provide financial protections to employees of car washes and may be used to collect judgments against car wash business owners who commit wage theft and/or hour violations.
If you'd like information, forms, or applications for a New York car wash bond, please reach out to one of our surety specialists or fill out our bond request form online. Contact us today! One of our experienced surety agents will be happy to walk you through each step of our simple and easy bonding process.
A New York Car Wash bond is used to guarantee car wash operators will treat their workers fairly, including paying employees properly and on time. The car wash company pays for this bond, but its protections are strictly for car wash employees. Should a car wash operator fail to pay employees for their hours worked or fail to provide a safe working environment, employees may file a claim against the bond. If the claim is determined to be valid, the bond reimburses them for any financial losses.
Yes, the New York Department of Consumer Affairs requires car wash bonds as part of their licensing process. In the event a car wash shuts down or disobeys laws regarding legal obligations, the bond ensures employees will still receive their salaries, and harmed persons can claim compensation against the bond.
Credit reports are used to determine the price a car wash operator will pay for their bond. Well-qualified applicants with strong financial credentials could qualify to pay as low as 1% of the required bond amount. If you are ready to find out how much a New York car wash bond costs, fill out our free quote form!
Whether you are looking for a New York car wash bond or any other type of surety bond in New York, The ProSure Group helps you find the right surety bond quicker & easier. Our goal is to provide you with simple and efficient service so you can focus on your business while we make sure your suppliers are dependable. Contact The ProSure Group today to request a free bond quote!
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