Information on Telemarketing Bonds
We are legally licensed to issue telemarketing bonds in every state. Whether you work in Arizona, Florida, Utah or California, we can bond you!
Most states require that telemarketers and telephone solicitors maintain an active telemarketing surety bond. Telemarketing companies usually have to purchase this type of surety bond before applying for or renewing a business license. The our surety experts know that bonding can be a confusing topic, so we’ve developed this special guide for telemarketing professionals.
State Specific Costs
Telemarketing bond costs and requirements vary greatly as the bond amounts and regulations surrounding each license are established on a state level. Select your state below for more information about telemarketing bonds in your area.
- New York
Pay a Low Rate for Your Telemarketing Bond
Premiums are calculated based on the bond amount and the applicant’s financial records. This type of surety bond is unique because the specific products the telemarketing company sells can also affect the cost as different markets are considered riskier than others. For instance, previous claim history demonstrates that a telemarketer who sells cable television in Oklahoma is considered less risky than one who sells timeshares in Florida. Fortunately, the our surety experts work as brokers who shop every client’s telemarketing bond with multiple underwriters to find the lowest rate available, no matter the circumstance.
Bad Credit? No Problem! We Can Help
To avoid the potential for claims, some surety providers avoid working with clients who have bad credit. We ARE actually works with underwriters who specialize in bad credit bonds. This means we can approve 99% of applicants for telemarketing bonds regardless of credit history. To help lighten the load, We also offers premium financing to qualified applicants. So what are you waiting for? Don’t let a low credit score keep you from getting the bond you need.
Learn More About Telemarketing Bonds
These bonds require that telemarketing companies and telemarketing professionals abide by industry regulations. Three parties are involved with every telemarketing surety bond that’s issued.
- The principal is the telemarketing company or professional that purchases the bond as a guarantee that obligations will be completed according to the bond’s terms.
- The obligee is the government agency that requires the bond as a way to reinforce industry regulations.
- The surety is the insurance underwriter that issues the bond and backs the principal’s ability to fulfill the bond’s requirements.
The exact expectations that are enforced vary depending on the specific legal language found on each individual bond form. Generally speaking, however, these bonds provide protection to consumers and the government in two standard ways: against unruly telemarketing companies that choose to ignore laws and against companies that accidentally break a law due to oversight.
Most states require telemarketing professionals to provide coverage worth somewhere between $25,000 and $50,000. A few states require just $10,000 of coverage, but Arizona and California require $100,000 of coverage. Telemarketing bonds are most frequently issued in Florida, where the required coverage amount is $50,000. To determine how much surety insurance coverage you need, contact the government agency that regulates telemarketers in your state.
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