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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…

Bond amount$50,000
State or jurisdictionDistrict of Columbia
ObligeeDistrict of Columbia

Essential point: Pin down whether this is your bond, then start the application. Ava can confirm the right state and license type if you are not sure.

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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 depending on the specific bond type, state program, or underwriting requirements.

Your quote determines the actual premium.

Typical timeframe

Issuance timeframe varies by bond type and underwriting

Timing can change when underwriting needs more information.
Application details

How it works.

  1. Start the application

    Confirm the bond and provide applicant and business details.

  2. Review the quote

    See the terms and premium before deciding to continue.

  3. Pay and sign

    Complete the required payment and signatures.

  4. Receive the bond

    Get the issued bond and filing or delivery instructions.

Platinum Bonds

Experience behind every bond.

Helpful guidance, a real agency team, and a clear path from research to application.

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Next step

Ready to move forward?

Start the secure application with this bond already selected, or ask Ava a question before you begin.

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