What Are CDL Third-Party Tester Bonds?
CDL third-party tester or administrator bonds are required for companies who wish to become certified third-party testers for Commercial Driver's License (CDL) exams. These surety bonds ensure that third-party testers comply with state and federal regulations and provide honest and accurate assessments.
How Much Do CDL Third-Party Tester Bonds Cost?
CDL third-party tester bonds cost a small percentage of the total bond amount, typically 1–5%, based on your credit score. Your bond amount will vary by state and bond requirements.
For example, all South Carolina third-party testing providers need a $10,000 bond, while Florida CDL third-party administrator bonds are $100,000–$1,000,000 in coverage based on the amount of road tests administered annually. Prices start at 1% for qualified applicants.
Who Needs a CDL Third-Party Tester Bond?
This bond is required by any CDL third-party tester, examiner or driving school. Select your state below to find the bond you need.
How Do CDL Third-Party Tester Bonds Work?
A CDL third-party tester bond binds three parties in a legal contract:
- Principal: The third-party tester obtaining the bond
- Surety: The provider issuing the bond to the principal
- Obligee: The state regulatory office requiring the bond
If a bonded CDL third-party tester or administrator breaks the contract, the state or regulatory office can file a claim against them. The surety will repay valid claims up to the full bond amount which the principal would need to repay.
How to Get a CDL Third-Party Tester Bond
SuretyBonds.com offers the fastest way to get your CDL third-party tester bond. Just follow these steps:
- Submit an online application
- Receive a free quote within one business day
- Purchase your third-party tester bond online or over the phone
Once you receive your bond, file it with the licensing entity. If you’re in a rush to receive your physical bond document, we offer next-day and overnight shipping options.
How Do I Renew My CDL Third-Party Tester Bond?
CDL third-party tester bonds expire annually. A SuretyBonds.com representative will contact you with renewal instructions and an invoice to keep your bond active before your term ends.
How Do I Update My CDL Third-Party Tester Bond Form?
If you need to update any information on your bond form, call 1 (800) 308-4358 or email [email protected], and one of our friendly representatives will be happy to assist you.
