Colorado Auto Dealer Bond: A Comprehensive Guide This guide provides information for insurance agents to help new and pre-owned car dealership owners on Colorado Auto Dealer bonds At a Glance: Lowest Cost: $150 per year or $15 per month Bond Amount: $50,000 for motor vehicle dealers $15,000 for motor vehicle salespersons Who Needs It: All individuals …
South Dakota Auto Dealer Bond: A Comprehensive Guide This guide provides information for insurance agents to help new and pre-owned car dealership owners on South Dakota Auto Dealer bonds At a Glance: Lowest Cost: $100 per year or $10 per month Bond Amount: $5,000 for snowmobile and motorcycle dealers $10,000 for trailer or emergency vehicle …
Pennsylvania Auto Dealer Bond: A Comprehensive Guide This guide provides information for insurance agents to help pre-owned car dealership owners on Pennsylvania Auto Dealer bonds At a Glance: Lowest Cost: $100 per year or $10 per month, based on the business owner’s credit. Bond Amount: $30,000 for full issuing agents $20,000 for manufacturers and dealers …
Ohio Auto Dealer Bond: A Comprehensive Guide This guide provides information for insurance agents to help pre-owned car dealership owners on Ohio Auto Dealer bonds At a Glance: Lowest Cost: $150 per year or $15 per month based on the business owner’s credit Bond Amount: $25,000 Who Needs It: All individuals or business entities who …
New Mexico Auto Dealer Bond: A Comprehensive Guide This guide provides information for insurance agents to help new and pre-owned car dealership owners on New Mexico Auto Dealer bonds At a Glance: Lowest Cost: $100 per year or $10 per month Bond Amount: $12,500 for motorcycle dealers $50,000 for all other dealers Who Needs It: …
Surety Bonds vs. Letters of Credit: The Ultimate Guide October 22nd, 2020 Federal, state, and local governments require many businesses to obtain a license to ensure that they engage in ethical business practices. To protect the public should the business fail to do so, businesses are often asked to post a form of “financial security” …
Surety Bonds vs. Letters of Credit: The Ultimate Guide for Insurance Agents Read More »
New Jersey Auto Dealer Bond: A Comprehensive Guide This guide provides information for insurance agents to help new and pre-owned car dealership owners on New Jersey Auto Dealer bonds At a Glance: Lowest Cost: $100 per year or $10 per month, based on the business owner’s credit Bond Amount: $10,000 Who Needs It: All individuals or …
Nebraska Auto Dealer Bond: A Comprehensive Guide This guide provides information for insurance agents to help new and pre-owned car dealership owners on Nebraska Auto Dealer bonds At a Glance: Lowest Cost: $225 per year or $23 per month, based on the business owner’s credit Bond Amount: $100,000 for auction dealers $50,000 for a motor …
Mississippi Used Auto Dealer Bond: A Comprehensive Guide This guide provides information for insurance agents to help pre-owned car dealership owners on Mississippi Auto Dealer bonds At a Glance: Lowest Cost: $150 per year or $15 per month Bond Amount: $15,000 Who Needs It: All individuals or business entities who sell or deal in used motor …
Michigan Auto Dealer Bond: A Comprehensive Guide Effective January 23, 2023, the limit on the Michigan Auto Dealer Bond has been increased to $25,000 (the limit was previously $10,000). The Michigan legislature authored the bond increase in Michigan Senate Bill 1064 to grant consumers additional protection from financial harm. This page has been updated to …
Receive monthly content on bond updates, new features that can benefit your agency, educational materials, and much more!
