San Bernardino County Disposal Fees Guarantee of Payment Bond
The County of San Bernardino allows its residents and businesses in the area to apply for a Disposal Fee Guarantee of Payment to continue with their services and activate their licenses. This is necessary to ensure the compensation of the local government should accredited patrons cause any licensing infractions like the failure to meet payments.
What is a Disposal Fee Guarantee Payment?
A disposal fee guarantee payment ensures that the entity responsible for your residential or business solid waste management is paid duly at a timely manner. The County of San Bernardino Solid Waste Management Division is responsible for the management and regulation of the solid waste disposal of the largest county in the US. The county works with several waste haulers to collect and dispose wastes for residents and businesses.
To know more about the disposal costs and fees, kindly visit the county office or their official website.
What is the San Bernardino County County Disposal Fees Guarantee of Payment Bond?
To secure a disposal fee guarantee of payment, the County of San Bernardino requires its Solid Waste Management Division patrons to purchase and register a bond with them. The bond is a guarantee that businesses and residential permittees will maintain and adhere to the County’s codes and standards and still meet payments should they default.
For more information, please visit the Office of San Bernardino County Solid Waste Management Division or read more on their official website.
How does it work?
San Bernardino County Disposal Fees Guarantee of Payment Bond must be issued by a surety bond provider accredited by the California Department of Insurance. The parties in the agreement are the Principal (business or resident applicant), Obligee (San Bernardino County), and Surety/Bond Company (surety bond provider or insurance).
The Surety Company will guarantee the compensation (performance bond) of the Obligee should the Principal fail to deliver agreed upon services or violate any licensing provisions. The Surety Company will receive and assess the validity of all public claims where claims may only amount to the total penal sum arranged in the bond form. The Principal shall reimburse all expenses covered by the Surety Company.
The Bond Company is secured through an indemnity agreement as the permit applicant or licensed business will ensure the full reimbursement of the claims, including legal fees and premiums. This agreement shall be made before the execution of the bond.
How much does it cost?
The County of San Bernardino Disposal Fees Guarantee of Payment Bond will usually cost around 1.5% to 7.5% of the total bond amount. This will vary depending on the applicant’s credit score, license history, and industry experience.
How can I apply for this bond?
At Surety Bond Authority, we are dedicated to help you get your bond the fast and easy way. Here is a step-by-step guide to help you get started.
To secure your permits, be sure to transact with a reputable surety company early. If you are ready to get yours processed today, you can APPLY HERE. Rest assured our expert surety bond agent will guide you from the time of your application until the issuance of your bond.
In the assessment phase, our underwriter will need the following information:
- Nature of your profession or business
- Credit score
- Financial strength
For the speedy processing of your application, ensure you have gathered and provided accurate information upon submission.
Once the assessment is done, we will promptly issue your bond and send it your way. Contact us today and get your bond issued in no time!