Huntersville Solicitor Bond: A Comprehensive Guide
At a Glance:
- Lowest Cost: $100 per year or $10 per month
- Bond Amount: $5,000
- Who Needs it: All solicitors operating in Huntersville, North Carolina
- Purpose: To ensure the public will receive compensation for any damages if the solicitor violates the terms of their permit
- Who Regulates Solicitors in Huntersville: The Huntersville Police Department
Background
Huntersville Municipal Code 95.01 requires all solicitors operating in the town to obtain a permit from the Police Department. The board of commissioners enacted the permit requirement to ensure that solicitors engage in ethical business practices. To provide financial security for the enforcement of the permitting law, solicitors must purchase and maintain a $5,000 surety bond to be eligible for a permit.
What is the Purpose of the Huntersville Solicitor Bond?
Huntersville requires solicitors to purchase a surety bond as part of the application process to obtain a permit. The bond ensures that the public will receive compensation for financial harm if the solicitor fails to comply with the regulations set forth in Huntersville Municipal Code 95.04. Specifically, the bond protects the public in the event the solicitor fails to provide all goods or services that have been paid for. In short, the bond is a type of insurance that protects the public if the solicitor does not fulfill all consumer orders.
How Can an Insurance Agent Obtain a Huntersville Solicitor Surety Bond?
BondExchange makes obtaining a Huntersville Solicitor bond easy. Simply login to your account and use our keyword search to find the “solicitor” bond in our database. Don’t have a login? Gain access now and let us help you satisfy your customers’ needs. Our friendly underwriting staff is available by phone (800) 438-1162, email or chat from 7:30 AM to 7:00 PM EST to assist you.
At BondExchange, our 40 years of experience, leading technology, and access to markets ensures that we have the knowledge and resources to provide your clients with fast and friendly service whether obtaining quotes or issuing bonds.
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Is a Credit Check Required for the Huntersville Solicitor Bond?
No, a credit check is not required for the Huntersville Solicitor bond. Because the bond is considered relatively low risk, the same low rate is offered to all solicitors operating in the town, regardless of their credit history.
How Much Does the Huntersville Solicitor Bond Cost?
The Huntersville Solicitor bond costs just $100 per year or $10 per month.
Who is Required to Purchase the Bond?
Huntersville requires solicitors to purchase a surety bond as a prerequisite to obtaining a business permit. To paraphrase Huntersville Municipal Code 95.01, a solicitor is a person that shows up announced at a residence or business and attempts to sell goods and/or services.
Exemptions to this definition include:
- Charitable and civic organizations
- Churches
- Schools
- Neighborhood associations attempting to raise funds
BondExchange now offers monthly pay-as-you-go subscriptions for surety bonds. Your customers are able to purchase their bonds on a monthly basis and cancel them anytime. Learn more here.
How do Solicitors Apply for a Permit in Huntersville?
Solicitors in Huntersville must navigate several steps to secure a permit. Below are the general guidelines, but applicants should refer to the application form for details on the process.
Permit Period – Huntersville Solicitation Permits are valid for a maximum of 12 months
Step 1 – Purchase a Surety Bond
Solicitors must purchase and maintain a $5,000 surety bond
Step 2 – Complete the Application
All Huntersville Solicitation Permit applications should be submitted to the police department at the following address:
9630 Julian Clark Avenue
Huntersville, N.C. 28070
Solicitors must complete the application in its entirety and submit the following items:
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- Photo ID of the permit applicant
- $25 application fee
Can Huntersville Solicitors Renew Their Permits?
Yes, solicitors that wish to renew their permits for an additional term can do so by submitting a renewal application to the police department at the following address:
9630 Julian Clark Avenue
Huntersville, N.C. 28070
Renewed permits are valid for 12 months from the date of issuance.
What are the Insurance Requirements for Solicitors in Huntersville?
Huntersville does not require solicitors to purchase any form of liability insurance as a prerequisite to obtaining a business permit. Solicitors must purchase and maintain a $5,000 surety bond.
How Do Huntersville Solicitors File Their Bonds?
Solicitors should submit their completed bond forms, including the power of attorney, to the Huntersville Police Department at:
9630 Julian Clark Avenue
Huntersville, N.C. 28070
The surety bond requires signatures from both the surety company that issues the bond and from the solicitor. The surety company should include the following information on the bond form:
- Legal name and permit classification of the entity/individual(s) buying the bond
- Surety company’s name and state of incorporation
- Entity requiring the bond
- Date the bond goes into effect
- Date the bond is signed
What Can Huntersville Solicitors do to Avoid Claims Against Their Bonds?
To avoid claims against their bonds, solicitors in Huntersville must follow all permit regulations in the town, including some of the most important issues below that tend to cause claims:
- Provide all goods and services that have been paid for
- Do not sell faulty merchandise
- Provide refunds for all faulty products requested within 30 days from the date of delivery
What Other Insurance Products Can Agents Offer Solicitors in Huntersville?
Huntersville does not require solicitors to purchase any form of liability insurance. However, some solicitors may choose to purchase this insurance anyway. Bonds are our only business at BondExchange, so we do not issue any other types of insurance, but our agents often utilize brokers for this specific line of business. A list of brokers in this space can be found here.
How Can Insurance Agents Prospect for Huntersville Solicitor Customers?
Huntersville unfortunately does not provide a public database of active solicitors in the city. We suggest contacting the city directly to obtain this information. Contact BondExchange for additional marketing resources. Agents can also leverage our print-mail relationships for discounted mailing services.
