Arkansas Contractors requiring right of way restoration guarantees for the laying or construction of pipeline, sewer, poles, wires, ditches. railways or other purposes are required under Arkansas Code Annotated 27-67-218 to file an Arkansas State Highways 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 Arkansas State Highways Damages Bond holds you accountable for your business decisions.
By possessing an Arkansas State Highways Damages Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.