If you operate a truck in the State of Louisiana, in may it required to obtain a Louisiana Oversize / Overweight Permit Surety Bond if you need a an oversize or overweight permit from the Department of Transportation and Development’s Truck Permit Office.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Louisiana DOT Oversize / Overweight Bond holds you accountable for your business decisions.
By possessing a Louisiana DOT Oversize / Overweight Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.