Retail Service & Professional License Bond
What is a Retail Service & Professional License Bond?
A Retail Service & Professional License Bond is required to be in place by a company or seasoned professional that is opening a business regulated by the local, state, or federal government. These bonds will vary by the type of profession and the nature of what a company is doing.
How does a Retail Service & Professional License Bond Work?
This type of Surety Bond guarantees that the company or person being licensed, typically within a retail establishment, will operate their business ethically and under the guidelines set forth by the governmental agency requiring the bond. The bond acts as a type of insurance policy for the actual customers of the business or the customers of the person performing the work. The bond guarantees that the person or company receiving the bond & license will be ethical while operating said business.
How much does a Retail Service & Professional License Bond Cost?
The cost for a Retail & Professional License Bond is typically based on the credit history of the owners of the company or the individual providing the professional service. All owners with 10% or more ownership will be taken into consideration. Should an account be considered borderline, we may need to review personal or business financials to secure a quote. At Universal Service Agency we specialize in placing clients in any circumstance that may present itself from “superior credit” to “less than perfect credit” and everything in between.
How do I get a Retail Service & Professional License Bond?
You can get a Retail Service & Professional License Bond by contacting surety bond agents/brokers. Since you’re already here, you can give us a call at 215-646-2400 or Apply Now here.
How to Choose a Bonding Company?
Universal Service Agency offers Surety Service Made Simple. We are the fastest surety only agency in the country, with over 100 years of combined surety experience servicing all 50 states. We exhaust all of our resources to get you the fastest turnaround times and lowest rates. We can help anyone, even clients that may not fit into the standard market. You can get a free quote here or call our bond experts at 215-646-2400.
How long does it take to get a Retail Service & Professional License Bond?
Universal Service Agency can issue bonds the same day an application is received. The amount of time between application and issuance is affected by a number of factors though, including but not limited to, the size of the obligation, the type of bond, and promptness of the premium payment.
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Universal Service Agency is the fastest “surety only” agency in the country, with over 100 years of combined surety experience servicing all 50 states.