The $15,000 Ohio Brine Transportation System Bond is required for companies certified in the transportation of brine. The Ohio Department of Natural Resources, Division of Oil and Gas Resources regulates this certification.
The bond is required by the State of Ohio to protect against damages caused by the brine transporter violating the Ohio Revised Code 1509. If the brine transporter fails to cover financial damages caused, then the brine transporter surety bond will make payment to the State of Ohio, up to the $15,000 bonding limit. The principle (entity in which the bond is issued to) will then recompensate the surety for the amount paid out. The State of Ohio uses the bond as a tool to protect public health and safety, protect the environment and conserve natural resources. The bond allows the state of Ohio to reclaim the cost of damages from a negligent brine transporter.
Well qualified applicants could qualify to pay as low as 1% of the required bond amount. To receive a quote, fill out our free, no obligation quote request for and application today. Or call (866) 670-9130 to speak with a ProSure Group bonding specialist today.
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