Oregon waste tire storage bonds.
From $100.

A permitted waste tire storage site in Oregon must post financial assurance with the Department of Environmental Quality so the state can clean up the site if the operator can't. A surety bond is one accepted form — DEQ sets the amount from estimated cleanup cost, and pricing is from $100. A quick soft credit check may apply and never affects your score.

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Required for a DEQ waste tire storage permit — as financial assurance for cleanup

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Amount set by DEQ — from the estimated cost to clean up the maximum permitted tires

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Premiums from $100 — a quick soft credit check may apply, never a hard inquiry

From $1004% of bond amount, $100 minSoft pullnever affects your scoreFastinstant underwriting

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How it works

Three steps to filed.

Your DEQ permit is waiting on financial assurance. Here's the entire process — no broker phone tag:

TODAY · ONLINE

Apply once, online

Business details, the bond amount DEQ set, and an effective date. The only extra step is a one-time consent to a soft credit pull.

RIGHT AWAY

Approved

Most are approved as soon as you apply. The credit check is a soft pull that never affects your score. If it needs a second look, one to two business days at most.

WHEN YOU PAY

E-sign & file with DEQ

Pay online and receive the executed financial-assurance bond, naming DEQ as beneficiary, ready to file with your waste tire storage permit. Wet-ink originals mailed whenever DEQ insists.

About this bond

What it is and who needs it.

What the financial assurance actually covers

Oregon's Department of Environmental Quality (DEQ) permits waste tire storage sites and requires each one to post financial assurance. The reason is concrete: a stockpile of scrap tires is a fire and mosquito hazard, and cleaning up an abandoned pile is expensive — the state wants money set aside so taxpayers don't foot that bill.

DEQ determines the amount from the estimated cost of cleanup for the maximum number of waste passenger tire equivalents and tire-derived materials your permit allows on site. A surety bond is one accepted mechanism (along with cash, a CD, a letter of credit, or negotiable securities), and the bond must name DEQ — or a DEQ-approved party — as beneficiary.

If the site is abandoned or the operator fails to clean up, DEQ can recover against the bond to fund the cleanup. It is not insurance for you — if the surety pays, you repay the surety. Pricing is 4% of the bond amount, $100 minimum.

OAR 340 (waste tire storage)Oregon DEQ requires a permitted waste tire storage site to provide financial assurance in an amount the Department determines from the estimated cost of cleaning up the maximum waste tires and tire-derived materials the permit allows on site. Accepted mechanisms (under OAR 340-095-0095) include a surety bond naming DEQ as beneficiary. Confirm your required amount on your DEQ permit or notice.

You need this bond if you are

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Applying for a DEQ waste tire storage permit that requires financial assurance

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Operating a tire storage or processing site above the permit-exempt threshold

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Increasing your permitted tire capacity and raising your required assurance amount

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Renewing or replacing assurance as your current mechanism expires

One application, issued instantly.

These are the actual underwriting fields, including a one-time consent to a soft credit pull. Submit once and your bond is issued when you pay.

Start the application →

FAQ

Common questions.

How much is the Oregon waste tire storage bond?Pricing is 4% of the bond amount, $100 minimum. The amount itself is set by DEQ from the estimated cleanup cost for the maximum tires your permit allows. Enter that figure and your exact price appears at application.

Why does Oregon require financial assurance?A scrap tire stockpile is a fire and vector hazard, and cleaning up an abandoned pile is costly. DEQ requires assurance so the cleanup is funded if the operator can't — the bond names DEQ as beneficiary.

Can I use cash or a letter of credit instead?Yes — DEQ accepts several mechanisms, including cash, a certificate of deposit, a letter of credit, negotiable securities, or a surety bond. A surety bond is usually cheapest: you pay a premium from $100 rather than tying up the full cleanup amount.

Is there a credit check?A quick soft credit check may apply — never a hard inquiry, no impact on your score. Pricing is 4% of the bond amount, $100 minimum.

How long must the assurance stay in place?It must remain through the life of the permit and for a period after the site closes — for some mechanisms, Oregon requires it stay in effect at least two years after the related permit terminates. Confirm the term on your DEQ notice; we keep your bond continuous.

Which A-rated carriers underwrite these bonds?Typically Arch Insurance Company (A.M. Best A+) or Nationwide Mutual Insurance Company (A.M. Best A). Which one writes your bond depends on the bond type and your state. The carrier's name and official signature are printed on the bond you receive.

How do I contact Light RFP about this bond?Email insurance@lightrfp.com. It reaches the bond team at Light RFP Risk Management Services LLC (NY DFS License # PC-1978982). Write to us about quotes, applications, bond forms or certificates. We will respond within 24 hours.

Related bonds

Other Oregon bonds.

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