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The Nevada Body Shop Surety Bond is a type of surety bond required by the Nevada Department of Motor Vehicles for all body shops and repair garages operating in the state. The official name of the bond is the VEHICLE INDUSTRY BUSINESS LICENSE BOND. The bond protects consumers from financial losses if the body shop or repair garage fails to perform its work properly or engages in fraudulent or dishonest practices. The amount of the bond is $5,000 for repair garages and $10,000 for body shops. If a consumer is harmed by the actions of a body shop or repair garage, they can file a claim against the bond to recover their losses. The surety company will then investigate the claim and, if it is valid, will pay up to the amount of the bond. If the surety company pays a claim on the bond, it will seek restitution from the bond principal (licensee).
The cost of the surety bond is usually the minimum premium and fees of $150 to$250. Surety1 will shop its many markets to procure the right price at the right terms.
How to get a Nevada Body Shop Bond
Complete our easy to navigate online application. Within one business day, one of our licensed agents will contact you with a no-obligation quote for your bond (the “premium”). Once any necessary paperwork is signed and the premium payment is processed, your surety bond will be shipped to you via USPS Priority Mail (overnight shipping options also available).
At Surety1.com we make it easy to obtain this surety bond. Our simple, three step process is:
- Complete the easy to navigate and secure online application. 1
- Review the free, no obligation quote from one of Surety1’s professional surety bond agents, usually within one business day.
- Sign some paperwork and pay the bond premium
Once these steps have been completed, the Nevada Body Shop Bond will be shipped to the bond applicant.
1 -The name of the applicant on the surety bond application must match exactly the full legal business name of applicant for the license.
Surety1.com is a service of AssuredPartners one of the largest and fastest growing insurance agencies in the nation. Representing over a dozen surety bond companies, Surety1.com is the premier online provider of surety bonds nationwide since 2003 maintains an A+ rating by the Better Business Bureau..
How to Get a Nevada Body Shop License
Getting a Nevada body shop license requires completing an application process and fulfilling specific requirements. Here’s a step-by-step guide:
- Meet the Eligibility Criteria: To be eligible for a Nevada body shop license, you must:
- Be at least 18 years old
- Have a valid Nevada driver’s license
- Have no criminal convictions related to motor vehicles or fraud
- Possess the necessary experience and qualifications to operate a body shop
- Complete the Application Form: Obtain the Application for Business License (OBL237) form from the Nevada Department of Motor Vehicles (DMV). Fill out the form completely and accurately, providing all requested information, including your business name, address, contact details, and ownership structure.
- Submit the Required Documents: Along with the completed application form, you’ll need to submit the following documents:
- Personal History Questionnaire (OBL242) for each principal of the business
- Set of fingerprints for each principal of the business
- Surety bond (OBL269) or deposit in lieu of bond in the amount of $10,000
- Copy of Certificate of Incorporation and Corporate filing (if applicable)
- Copy of city or county business license
- Fictitious Firm Name Filing, if applicable
- Federal Employer Identification Number (FEIN) of the business
- Email address for the business
- Pay the Application Fee: The application fee for a Nevada body shop license is $300. You can pay the fee online, by mail, or in person at the DMV.
- Obtain the Necessary Insurance: You’ll need to have the following insurance coverage in place:
- Garage keepers’ and workers’ compensation insurance policies, each with not less than $1,000,000 in coverage.
- Automobile liability coverage if applying for body shop license plates.
- Comply with Local Zoning Regulations: Ensure your body shop location complies with all applicable zoning regulations and obtain any necessary permits.
- Maintain Proper Equipment and Facilities: Equip your body shop with the necessary tools, equipment, and workspace to perform vehicle repairs according to industry standards.
- Obtain Proper Repair Specifications: Always obtain the manufacturer’s repair specifications for each vehicle being repaired to ensure proper and safe repairs.
- Maintain Accurate Records: Maintain accurate records of all repairs performed, including vehicle information, repair details, and customer information.
- Comply with Consumer Protection Laws: Adhere to all applicable consumer protection laws and regulations to protect the interests of your customers.
By following these steps and fulfilling the requirements, you can successfully obtain a Nevada body shop license and operate your business legally.