PrePass Financial Guarantee Surety Bond
The PrePass financial guarantee bond allows qualified trucking fleets of all sizes the option of posting a surety bond to guarantee payment fo tolls and fees associated with weigh stations and toll booths. Operators can improve efficiency, reduce costs and receive discounted toll prices. Be sure to check out the PrePass website.
What are the requirements to get a PrePass Financial Guarantee Bond?
Since this bond is a financial guarantee to ensure payment, the underwriting will require a little more indepth information as the bond amount increases. Typically the surety company will request a current business financial statement or personal financial statement to make sure the applicant is financially strong enough to support the risk. It will also be based upon the personal credit of the owners of the business.