1 (844) 589-9732

Indiana Pharmaceutical Wholesale Distributor Bond

The $100,000 Indiana pharmaceutical wholesale distributor bond may cost applicants as little as 1% annually. Please call AmeriPro Surety Bonds today at 844-589-9732.

Indiana Pharmaceutical Wholesale Distributor Bond

AmeriPro Surety Bonds | 844-589-9732

 

 

 

Licensing of Pharmaceutical Wholesale Distributors – Indiana

 

 

 

The licensing of wholesale pharmaceutical distributors in Indiana is overseen by the Professional Licensing Agency, Board of Pharmacy.

A prerequisite for licensees is that the appropriate surety bond be filed with the Board.

 

 

 

Amount and the Premium of the Surety Bond

 

 

 

The Indiana pharmaceutical wholesale distributor bond is a $100,000 surety bond required as per IC 25-14-15.

A candidate for this surety bond will be required to:

  • Complete a surety bond application;
  • Be subject to a personal or business credit check.

A well-qualified applicant may pay as little as 1% annually for this bond; however, the amount of premium required will vary from candidate to candidate.

 

 

 

Qualifying For This Bond

 

 

 

As part of the application process, you will be asked the following:

  • Whether or not you have any pending lawsuits or unsatisfied judgments;
  • If you have ever had a surety bond canceled or denied;
  • If you have ever failed in business or declared bankruptcy;
  • Whether or not you have any unsatisfied tax liens or judgments.

With the exception of applicants who are currently in bankruptcy, our agency is confident of its ability to get the majority of persons qualified for bonding.

 

 

 

Its Duration

 

 

 

The Indiana pharmaceutical wholesale distributor bond is issued and active for a period of one year. Thereafter the bond is renewed.

 

 

 

The Purpose

 

 

 

The purpose of this surety bond is to serve as a financial guarantee that any administrative penalties and fees imposed against you by the Board, will in fact, be paid.

Thus, while the bond is required as a condition of licensing, it is not a liability policy.

As principal of this bond, you would be required to indemnify the surety for any claims paid against your bond if that were to occur.

 

 

 

About Us

 

 

 

AmeriPro Surety Bonds is a surety-bonds only which provides license and permit, court, and fiduciary surety bonds throughout Indiana.

We also provide surety bonds nationwide. Please call our agency today at:

844-589-9732

You may also submit a request to be contacted by one of our surety agents below…

 

 

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AmeriPro Surety Bonds

Our focus is exclusively surety bonds. We have two areas of concentration: YOU, our customer; and providing you with the surety bond that you need. Whether the bond is an "instant issue"; is for a contractor; a court bond; or one for a client with lower credit scores, AmeriPro Surety Bonds dedicates itself to providing our customers with a seamless, professional, and quick surety bond experience.

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