Alabama Petroleum Commodities Section | Petroleum Commodities Section Surety Bond

Also known as: oil reclamation bond

Type of Bond

An oil reclamation bond is a type of surety bond required by some states for businesses that reclaim or recycle used oil. The bond serves as a guarantee that the business will comply with all applicable laws and regulations related to the collection, transportation, and recycling of used oil. The bond amount varies by state but is usually based on the amount of oil that the business handles. In the event that the business violates any state regulations or fails to properly handle used oil, a claim can be filed against the bond to compensate for any financial losses incurred by the public or the government. The bond helps to ensure that businesses that reclaim used oil operate in an environmentally responsible and safe manner.


Program

The price you'll pay for your Petroleum Commodities Section Bond is generally based on your personal credit score. Start a free online quote by just completing a simple app or by calling 888-518-8011. Our experts will walk you through a very simple process. Compare our quote as the very lowest price, and then you're good to go! It's that simple!

We provide all types of Petroleum Commodities Section Bonds. Worldwide Insurance Specialists, Inc. has "in house" underwriting authority with the largest and best Surety (Insurance) companies in the world including, Great American, Liberty Mutual, Philadelphia, Travelers, and CNA Surety. All of these surety bond companies are A-rated under the AM Best credit rating system, and T-listed with the U.S. Department of Treasury. This guarantees that by getting bonded through us, you will be provided the backing of these highly trustworthy and reliable companies.


Application

The application process for a Petroleum Commodities Section Bonds is easy! Many Bonds are INSTANT ISSUE! Easy Application, no underwriting, no credit check, no GIA required. Our NEW Desktop underwriting program provides you with a rapid approval process used to determine the degree of risk that you (the Principle) complete a project or obligation. Non-INSTANT ISSUE quotes can also get instantly approved. Submissions require very little information from you. Once you file and sign an indemnity agreement, we issue the Bond. It's that simple! We quote and issue Surety Bonds of every type and will help you through the entire process. These applications only require basic information about your business, bond type, and ownership structure. Once the application is complete, we submit to the insurance company (Surety) who will then issue your bond. Don't pay too much! Get your Bond Fast, and Easy with the best price! Click here to start the Petroleum Commodities Section Bond Application process.

Obligee Information

An obligee is the entity that is requiring you to have the Petroleum Commodities Section bond.

For your convenience you can view a sample copy of the Alabama Petroleum Commodities Section Bond Form.

Obligee: Alabama Department Of Agriculture & Industries Attn: Petroleum Commodities Section
Street: PO BOX 3336
State: Alabama
Zip: 36109