The South Dakota Indemnity Bond is required by the Public Utilities Commission. The bond states that the bondholder will comply with all applicable provisions of South Dakota State Law and reimburse customers for any prepayment or deposits they have made which may be unable or unwilling to return to customers as a result of insolvency or other business failures.
According to the South Dakota Codified Laws, this indemnity bond is for damage to roads and bridges. It is required for any person performing any construction or survey work. The bond is for the benefit of townships, counties, or other governmental entities whose property is crossed by such trans-state transmission facility or transmission facility to ensure that any damage beyond normal wear to public roads, highways, bridges, or other related facilities shall be adequately compensated.
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).
The surety bond experts at Surety1 are here to help you get bonded quickly and reliably. We work with over a dozen “A” rated surety markets to ensure we find you the lowest rate for your bond. We are also licensed in all 50 states and maintain an A+ rating by the Better Business Bureau.