(844) 589-9732

Massachusetts Liquor License Bond

June 16, 2020

The Massachusetts liquor license bond will have an expiration date of December 31st. Current regulations require a surety bond, depending on the type of liquor sold, as either a $3,000 or $6,000 surety. Both have the same annual premium. Please call AmeriPro Surety Bonds today at:        844-589-9732.

Massachusetts Liquor License Bond

AmeriPro Surety Bonds | 844-589-9732

 

 

 

Surety Bond Amounts; Purpose

 

 

 

Wholesalers of liquor in Massachusetts are required by the state’s Alcoholic Beverage Control Commission (ABCC) to obtain a surety bond in one of two amounts:

  • Wholesalers of all alcohol require a $6000 surety bond;
  • Wholesalers of wine, malt liquor, or wine used for the holy sacrifice of the Mass, require a $3000 surety bond.

The bond is required as a financial guarantee to ensure payment of all taxes, fines, penalties, and other assessments as determined by ABCC for violations of any laws and regulations.

 

 

 

Qualifying and the Premium

 

 

 

To be approved for the Massachusetts liquor license bond requires completing a surety bond application --- which we’ll begin with you by phone --- but which also requires your signature and that of a witness.

After the return of the completed application, it is reviewed by an underwriter. This review includes a credit check inquiry.

Furthermore, to be approved by our agency, good credit is required.

The approval rates are as follows:

Both the $3,000 and $6,000 surety bonds have an annual premium of $100 (your liquor license surety bond expires on December 31st of the year in which it is issued).

Upon approval by our underwriter of this bond, and the receipt of your premium, our agency issues and then mails your bond and a Power of Attorney form to you for filing.

Our agency will sign your bond as Surety. Upon receipt you’ll sign your bond as Principal. Thereafter, you’ll file all documents received to:

Commonwealth of Massachusetts

Alcoholic Beverages Control Commission

239 Causeway Street

Boston, MA 02114

617-727-3040

 

 

 

Term; Premium Prepayment Options

 

 

 

Both the $3,000 and $6,000 surety bond amounts, as noted above, will have an expiration date of December 31st.

You may, however, prepay your premium for 2 or 3 years, which saves you over annual renewals.

The premium prepayment option and savings are as follows:

  • If prepaid for 2 years, the premium for both bond amounts (assuming a full term) is $180, a $20 savings;
  • If prepaid for 3 years, the premium for both bond amounts (again, assuming a full term) is $260, a $40 savings.

The premium for either term may be more than quoted here depending on the date of the initial purchase of this surety bond. The expiry date, regardless of the term, is always December 31st.

 

 

 

About Us

 

 

 

AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, Court, probate and other surety bonds throughout the Commonwealth of Massachusetts and all 50 states.

Please call our agency today at:

 

844-589-9732

 

Or, you may fill out the form below and a Surety Agent will call you...

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