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County to purchase $1 million ADOT surety bond for self-insured vehicle fleet; annual cost $7,000
3144871 · April 29, 2025
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Summary
County risk management told the board it will purchase a surety bond required by ADOT for self-insured entities' vehicle programs; the bond will cost $7,000 per year and the funding is available within the department's budget.
Maricopa County's director of risk management told the Board of Supervisors on April 9 that the county will purchase a $1 million surety bond that the Arizona Department of Transportation will require of self-insured entities for vehicle insurance renewals effective June 1, 2025.
Christopher Capels, director of risk…
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