Is this an auto dealer bond?

[apprentice35]

I just started a new auto detailing buisness in rockland county, ny. I will be conducting business at a nissan dealership here in new york. i will be working on their property, driving their vehicles and washing and detailing all of their vehicles new and used. The owner of the dealership is requiring my company to be bonded for $500,000. So if you have any prices or ideas i would appreciate it.

[PT]

Originally Posted by apprentice35

I just started a new auto detailing buisness in rockland county, ny. I will be conducting business at a nissan dealership here in new york. i will be working on their property, driving their vehicles and washing and detailing all of their vehicles new and used. The owner of the dealership is requiring my company to be bonded for $500,000. So if you have any prices or ideas i would appreciate it.

It doesn't sound like this is an auto dealer bond. It sounds like the dealership wants you to have a fidelity bond. Unfortuantely, we don't have a market for a fidelity bond that large. I would go back to the dealership and confirm exactly what type of bond it is that they want you to have.