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If you are engaged in vehicle inspection or fleet inspection in Oregon you are required under section 468.360 to 468.405 of the Oregon Revised Statutes to file an Oregon Inspection Station Bond as a condition of licensure.
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 Oregon Inspection Station Bond holds you accountable for your business decisions.
By possessing an Oregon Inspection Station Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.