Louisiana Public Official Bond
AmeriPro Surety Bonds | 844-589-9732
If you have been recently elected to office or your newly appointed position requires that you obtain a public official bond, our agency provides this surety for your compliance. The position is important enough that the state wants to ensure that you will be in compliance with all the duties of office or position.
Our agency’s goal is to make obtaining your Louisiana public official bond as quick and as easy as possible.
Qualifying – Premium
For any Louisiana pubic official bond up to and including $100,000, qualification is by completing a surety bond application (which we can accept from you over the phone) and payment of the required premium.
For any Louisiana public official bonds up to this amount $100,000 limit, there is neither an underwriter review nor a credit check if purchased through AmeriPro Surety Bonds.
That means after payment of the bond’s premium, the bond is issued to you immediately.
For amounts greater than $100,000 qualification is largely the same, with the addition of a credit review. Our agency utilizes a soft credit inquiry which will not adversely impact your score.
However, in both cases you will qualify for excellent premium rates. A $100,000 Louisiana public official bond, for instance, will have a premium of $400 a year. Smaller amounts will have correspondingly less premium.
Once the surety bond is issued, a copy of the bond can be emailed to you. The original bond will be sent to you by mail. Ideally, you will file the original surety bond after having signed it as Principal.
Premium Payment Options
Using a $100,000 surety bond as an example, the $400 premium is for one year. Thereafter, the premium along with the surety bond, renew.
You may prepay the public official bond for 2 or 3 years, thereby lengthening the time between renewal of the premium and offering you a savings as well.
The premium prepayment options are as follows:
- A $100,000 public official bond prepaid for 2 years is $720, an $80 savings;
- The same bond if prepaid for 3 years is $1040, a $160 savings.
The Purpose of the LA Public Official Bond Requirement
Your public official bond is a financial guarantee for the people of the state of Louisiana that you will ethically uphold the duties of office.
While the surety bond is required of you, its protections are for the people of Louisiana. The bond protects against acts of fraud, theft, and other malfeasance committed under the cover of authority of your office.
AmeriPro Surety Bonds is a surety bonds-only agency which provides license and permit bonds throughout Louisiana.
Our agency also provides public official bonds nationwide with the same great terms.
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