District of Columbia Taximeter Business License Bond
This bond is required for businesses that operate taximeter services (like taxi companies) in Washington, DC. If you own or run a taxi business that uses meters to charge passengers, you must obtain this $50,000 bond to get your business license. The bond protects customers and the District of Columbia if your busines…
Overview
What it is.
This bond is required for businesses that operate taximeter services (like taxi companies) in Washington, DC. If you own or run a taxi business that uses meters to charge passengers, you must obtain this $50,000 bond to get your business license. The bond protects customers and the District of Columbia if your busines…
Who usually needs it
Taximeter business license holders in the District of Columbia who operate taxicab commission meter businesses, including modern taximeter system (MTS) payment service providers (PSPs), must obtain this $50,000 surety bond as part of their licensing requirements to ensure compliance with DC regulations, payment of fines or judgments, and adherence to DC Off…
Pricing & timing
What to expect.
Generic pricing
License bonds are required by state and local governments to ensure compliance with industry regulations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger license bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Same-day approval is typical for many common license bonds. Some license bonds may price higher de…
Typical timeframe
Issuance timeframe varies by bond type and underwriting
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StateDCBond amount$50,000ObligeeDistrict of ColumbiaBond classLicense BondCategoryTransportationBondDistrict of Columbia Taximeter Business License BondJurisdictionStatePlain descriptionThis bond is required for businesses that operate taximeter services (like taxi companies) in Washington, DC. If you own or run a taxi business that uses meters to charge passengers, you must obtain this $50,000 bond to…Who needs this bondTaximeter business license holders in the District of Columbia who operate taxicab commission meter businesses, including modern taximeter system (MTS) payment service providers (PSPs), must obtain this $50,000 surety b…
