One of the requirements for licensing of health clubs, gyms, or spas in Delaware is that a $50,000 surety bond be obtained. This is a requirement of the state’s Director of the Division of Consumer Protection.
Qualifying for the $50,000 Delaware health spa bond involves the completion of a short surety bond application ---which we’ll begin with you over the phone --- but which you’ll also need to complete, sign, and have witnessed by one other person (your application does not need to be notarized).
As part of the underwriting process, a business or personal credit check inquiry will be conducted.
Approval is based upon good credit, and the rate is 1%, or $500 annually.
After approval of your bond (the underwriter review may typically take a few hours), and payment of the premium, our agency issues your surety bond and a Power of Attorney (POA) form to you.
Upon receipt, you’ll sign your bond as Principal, filing it along with the POA form to:
Delaware Department of Justice
Consumer Protection Unit, Carvel State Building
820 N. French Street
Wilmington, DE 19801
The $500 premium connected with your $50,000 Delaware health club bond is active for one year. Thereafter, the premium and your surety bond renew, if still required.
Our agency provides you with the option to prepay your bond up to 3 years. Prepayment of the premium saves you over annual renewals and lengthens the time between renewals.
The breakdown is as follows:
According to Title 6, Chapter 42, Health Spa Regulation, the purpose of your surety bond is for the benefit of any buyer of a health spa contract which fails to open within 9 months of the signing of the contract; or, if, after opening, your health club does not provide the services offered as described in the contract.
AmeriPro Surety Bonds provides health club and health spa surety bonds nationwide where required.
Our agency is also a provider of license and permit, court, probate, and other surety bonds in all 50 states.
Please call our agency today at:
Or, you may fill out the form below and a Surety Agent will contact you…