The Massachusetts public warehouse bond is required as a financial protection for the good held in the warehouse. In the Commonwealth, a surety bond is required of all businesses who operate a public warehouse as statutorily defined. Please call AmeriPro Surety Bonds today at: 844-589-9732.
Massachusetts Public Warehouse Bond
AmeriPro Surety Bonds | 844-589-9732
Surety Bond Requirement; Purpose
Persons and businesses which operate public warehouses in the Commonwealth of Massachusetts are regulated by the Office of Public Safety and Inspections. The Commonwealth defines public warehouses as businesses which store merchandise as a part of a business.
The Office requires public warehouse operators to obtain a surety bond in an amount to be determined by them. The bond is required as a financial guarantee for the protection for the property stored.
Qualifying and the Premium
Qualifying for the Massachusetts public warehouse bond includes the completion of a short surety bond application.
Our agency can begin the application with you by phone, but you will need to complete, sign, and have the application “witnessed”. It does not, however, need to be notarized.
Upon submission of your application, it is reviewed by an underwriter. The review process includes a credit check.
To be approved, good and satisfactory credit are required.
Upon approval of your surety bond and payment of the premium, our agency issues your bond to you immediately.
We will sign your bond as Surety; you will sign your original surety bond as Principal. Included with your surety bond will be a Power of Attorney form, and it is the original documents that you’ll file with the Commonwealth when received by mail.
Premium Prepayment Options
Applicants for the public warehouse bond who do not anticipate a change in the amount of surety required for at least 2 years – and up to 3 — can prepay the premium, which offers you a savings over annual renewals.
Premiums payments made, however, are earned in full.
About Us
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, Court, probate, and other surety bonds in 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…
