Hazardous Waste TRansport License Bond
Financial security in the form of a surety bond
A Hazardous Waste Transport License Bond is a form of financial security acceptable to licensing authorities when applying for a hazardous waste transport license.
Rather than providing an irrevocable letter of credit guarantee, a surety bond does not require you to tie up capital with the Minister of Environments (often in the amount of $10,000 CAD).
We make it easy to apply for and obtain your Hazardous Waste Transportation License Bond online with a simple application and approval process that only takes minutes.
What is a Hazardous Waste Transport License Bond?
This bond is a three-party security agreement involving:
- Principal: The hazardous waste transporter applying for the license.
- Obligee: His Majesty the King in Right of the Province of BC as represented by the Minister of Finance (may be different in other provinces).
- Surety: The financial institution or insurance company issuing the bond (this is where we come in).
The bond ensures that the principal complies with the Environmental Management Act and the Hazardous Waste Regulation. In the event of a spill or environmental incident, the bond guarantees the implementation of an approved contingency plan and compliance with any orders issued under the Act.
In as simple terms as possible – this bond is a document that guarantees the Minister you will act according to their license requirements with a financial guarantee backed by a third party.
What is received when purchasing a Hazardous Waste Transportation License Surety Bond?
When you purchase a Hazardous Waste License Bond through us, you will receive a renewable surety bond that you will then be provided to the Minister of Environment or other authoritative body depending on province. The bond itself typically includes:
- Bond Number
- Bond Amount: $10,000 (but can be more if needed)
- Full legal name of the applicant & business name (if applicable)
- Obligee: His Majesty the King in the Right of the Province of British Columbia as represented by the Minister of Finance (the Minister) c/o Ministry of Environment and Climate Change Strategy - Example for BC, but may be different in other provinces.
- Insurer’s Signature
- Surety Company Seal
- Effective Date of the Bond
- Principal’s Signature (you will sign once the bond arrives)
As outlined on the Government of BC website, this is a financial security ($10,000 CAD) in the form of a surety bond.
The security must meet specific requirements in order for it to be accepted. Not to worry, we have the formally approved surety bond template that is needed by Service BC and other respective provincial regulators.
Why do I need a Hazardous Waste Bond?
Obtaining this bond is a prerequisite for securing a hazardous waste transport license in B.C. and potentially other provinces if requested.
It provides the province with financial assurance that transporters will operate responsibly, safeguarding public health and the environment.
Without this bond or an alternative acceptable form of security, your application for a transport license will not be processed.
We ensure to follow the guidelines set forth by the Minister including that the Surety Bond must be issued by a Canadian chartered bank, trust company, credit union, surety agency or other institution approved by the Director of Waste Management.
A financial institution must meet all of the following qualifying criteria:
- Canadian Chartered Schedule 1, 2, or 3 Banks or Canadian Credit Unions;
- Senior unsecured long term credit rating of Standard and Poor’s A+, Moody’s A1,
or Dominion Bond Rating Service A (high), (determined by the lowest rating); and, - An office in Canada
How much does a Hazardous Waste Transport License Bond cost?
A Hazardous Waste Transport License Bond can be purchased for as little as $400.00 CAD per year. We pride ourselves in providing the most competitive rates available on the market today and offer guarantees through Canada’s top underwriters like Trisura Guarantee Insurance Company.
We strive in efficiancy and always issue digital (e-bond) versions of surety bonds when availabe. Unfortunately, as of January 2026, Provincial Licensing bodies are still requiring hard / paper copies of bonds which we mail to you for signature and provision.
It never costs you anything to pursue a quote for any type of bond or commits you to proceeding with a purchase once a quote is received, so get started today!
How long does it take to issue a Hazardous Waste License Bond?
We’re able to issue the Hazardous Waste License Bonds with same-day service for qualifying individuals & businesses. You’re approved for this type of bond up to $10,000 CAD as long as you can answer “No” to the following questions:
- Has the individual or company applying ever declared bankruptcy?
- Has the individual or company applying ever had a claim with a surety company?
- Has the individual or company been denied bonding in the past?
If you need to answer “Yes” to any of these questions, we can likely still place your bond; however, there may be a request for some additional information such as bankruptcy discharge, financial statements, personal net worth document, or other details.
$10,000+ Surety Bond
Renewable Annual Term
Reliable Canadian Underwriters
Online Approval & Payment
Best Rates Available
How It Works
Step 1
Complete a brief online questionnaire about your business & Hazardous Waste License.
Step 2
Our staff will be in touch shortly with a formal quote for your Hazardous Waste Transportation License bond via e-mail.
Step 3
Your surety bond will be issued so you can provide it to the Minister of Environment and Climate Change Canada
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