Wisconsin landowners who require tunneling under a state highway are required by the provisions of Section 81.02 of the Wisconsin Statutes to file a Wisconsin Landowner’s Highway Damages 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 Wisconsin Landowner’s Highway Damages Bond holds you accountable for your business decisions.
By possessing a Wisconsin Landowner’s Highway Damages Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.