NYC taxicab agent bonds.
$500 flat.
The NYC Taxi & Limousine Commission requires a licensed taxicab agent to file a $50,000 bond. Ours is $500 flat — set by our carrier's rate book for this bond, identical for every agent. A soft credit check may apply — never a hard inquiry, no impact on your score; the bond is issued when you pay.
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How much does an NYC taxicab agent bond cost?
$500 at the $50,000 amount, the same for every applicant.
Three steps to filed.
Your TLC agent license is waiting on this bond. Here's the entire process — no broker phone tag:
Apply once, online
Business details, owner information, effective date. The only extra step is a one-time consent to a soft credit check.
Approved
Most are approved as soon as you apply. One soft credit pull, never a hard inquiry, and it never affects your score. If it needs a second look, one to two business days at most.
E-sign & file with the TLC
Pay online and receive the executed bond ready to file with the NYC Taxi & Limousine Commission. Wet-ink originals mailed when the TLC insists.
What it is and who needs it.
What the bond actually guarantees
The NYC Taxi & Limousine Commission (TLC) licenses taxicab agents — businesses that broker, manage, or transact medallion and taxicab business on behalf of owners. The bond is a fidelity-and-compliance guarantee: it stands behind the agent's proper handling of client money and compliance with TLC rules.
It's a three-party arrangement: you (the principal), the surety carrier, and the City of New York acting through the TLC (the obligee), with the owners and clients you serve as protected parties. If an agent mishandles client funds or violates TLC rules, a harmed party can recover against the bond.
It is not insurance for you — if the surety pays a claim, you repay the surety. Agents who keep client funds clean treat the bond as a license formality.
You need this bond if you're
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the $50,000 bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The bond runs to December 31 whatever day you buy; the premium covers the period to that date.
Renewal falls on the statutory date, December 31, in the year your term ends.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
E-sign & file with the TLC. Pay online and receive the executed bond ready to file with the NYC Taxi & Limousine Commission. Wet-ink originals mailed when the TLC insists.
What sets the price
The premium is fixed at $500 at the $50,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or your business profile.
One soft credit pull, never a hard inquiry, and it never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued instantly.
These are the actual underwriting fields, including a one-time consent to a soft credit pull. Submit once and your bond is issued when you pay.
Start the application →Common questions.
Other New York bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
The TLC is waiting on one document.
$500 flat, short application, bond issued when you pay. Free until issued.