What is a California Driving School Bond?
In California, driving schools, driver training programs, and all-terrain vehicle safety training programs must be licensed with the state. The California driving school bond provides protection to the students of these programs from fraudulent or unlawful actions by the driving school.
Who Needs a California Driving School Bond?
Anyone who wishes to operate a driving school in California must first apply for a license. In order to receive that license, the Department of Motor Vehicles requires the organization to purchase post a $10,000 California driving school bond.
Why Do I Need a California Driving School Bond?
California driving school bonds are designed to protect students and their family members against any damages that may occur if the principal (the driving school owner or operator) acts unlawfully or fraudulently.
If the customer is harmed by the actions of the driving school, he or she can make a claim against the surety bond and be awarded damages, up to the amount of the surety bond. The driving school is then responsible for reimbursing the surety for all damages and legal fees associated with the claim.
How Much Does a California Driving School Bond Cost?
The California Department of Motor Vehicles requires $10,000 bonds for anyone who wishes to open a driving school in the state. These bonds are subject to underwriting considerations, which means the actual premium associated with the bond is dependant upon the credit rating of the company owners.
Get Started Today!
In order to receive your licensing to operate a driver training program, you must first purchase a California driving school bond. Don’t delay your application.