What Is A Indiana Driver Education School Bond?
Driver education school bonds are required by most states for driving schools as a guarantee to the state and public that the school will not commit fraud or otherwise act in an unethical way that causes financial loss to consumers. These types of surety bonds are required by the state of Indiana for all driving schools serving the IN public.
In addition to protecting consumers driver education school bonds provide the public with confidence in the school’s ability to cover monetary losses through their surety bonding company if anything goes wrong. While surety bonding does not cover every type of financial loss, it does help keep driver education schools from paying out any fraudulent claims from the public that would otherwise result in large monetary losses for the school.
Contact Ox Bonding surety bond company today for help in getting your driving school bonded and to answer any general questions you may have regarding the different types of bonds available.