This bond is required for businesses in Nevada that operate wrecker services (tow trucks) or salvage pools where damaged or totaled vehicles are stored and sold. The $50,000 bond protects consumers and vehicle owners if the business acts dishonestly, damages vehicles in their care, or fails to follow Nevada's automoti…
Overview
What it is.
This bond is required for businesses in Nevada that operate wrecker services (tow trucks) or salvage pools where damaged or totaled vehicles are stored and sold. The $50,000 bond protects consumers and vehicle owners if the business acts dishonestly, damages vehicles in their care, or fails to follow Nevada's automoti…
Who usually needs it
Licensed automobile wreckers (businesses that dismantle, repair, or sell vehicle parts) and licensed salvage pools (operations that purchase, store, and sell salvaged or damaged vehicles) in Nevada must obtain this $50,000 surety bond as part of their vehicle industry business license application process to ensure compliance with state laws and protect cons…
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.
StateNVBond amount$50,000ObligeeState of NevadaBond classLicense BondCategoryMotor VehicleBondNevada Vehicle Industry Wrecker/Salvage Pool BondJurisdictionStatePlain descriptionThis bond is required for businesses in Nevada that operate wrecker services (tow trucks) or salvage pools where damaged or totaled vehicles are stored and sold. The $50,000 bond protects consumers and vehicle owners if…Who needs this bondLicensed automobile wreckers (businesses that dismantle, repair, or sell vehicle parts) and licensed salvage pools (operations that purchase, store, and sell salvaged or damaged vehicles) in Nevada must obtain this $50,…
