1 (844) 589-9732

The Nevada pharmaceutical wholesaler bond is offered as a $25,000 or $100,000 surety bond. Approval is offered on your good credit for 1% annually. Please call AmeriPro Surety Bonds at 844-589-9732.

Nevada Pharmaceutical Wholesaler Bond

AmeriPro Surety Bonds | 844-589-9732

 

 

 

Surety Bond; Amounts and Purpose

 

 

 

Nevada pharmaceutical wholesalers are required to furnish evidence of financial responsibility in the form of a surety bond, which is required in one of two amounts:

  • $25,000 for non-publicly traded entities, whether as a sole member company, a partnership or corporation which meets the conditions as outline on the State Board of Pharmacy site;
  • OR a $100,000 surety bond for all other non-publicly traded corporations.

Publicly traded companies are exempt from the surety bond requirement.

For both amounts, the purpose of your surety bond requirement is to serve as a financial guarantee of your payment of any fines imposed by the Board and any costs and fees associated with the nonpayment of fees assessed.

 

 

 

Qualifying and the Premium

 

 

 

Qualifying for either the $25,000 or $100,000 Nevada pharmaceutical wholesaler bond includes completing a surety bond application and having the application reviewed by an underwriter.

To facilitate ease of completing the application, our agency offers the application to you by DocuSign. We can also send the application to you by an email scan.

Your completed application is reviewed by a surety bond underwriter. Review includes a credit check inquiry, and approval is offered on the basis of good credit.

The rate is 1%, annually, $250 or $1000.

Upon approval of your surety bond and payment of the premium, our agency issues your bond to you immediately for filing with the Board. Included with your surety bond will be a Power of Attorney form.

You will sign your pharmaceutical wholesale bond as Principal, filing it along with the POA form to:

Nevada State Board of Pharmacy

431 W. Plumb Lane

Reno, NE 89509

775-850-1440

 

 

 

Premium Prepayment Options

 

 

 

For both the $25,000 and $100,000 pharmaceutical wholesaler bonds, the premium may be prepaid for 2 or 3 years. Doing so, besides lengthening the time between renewals, also offers you a savings over annual premium payments.

The renewal option and savings are as follows:

***$25,000 surety bond amount***

  • If prepaid for 2 years, the premium is $450, a $50 savings;’
  • If prepaid for 3 years, the premium is $650, a $100 savings.

***$100,000 surety bond amount***

  • If prepaid for 2 years, the premium is $1800, a $200 savings;
  • If prepaid for 3 years, the premium is $2600, a $400 savings.

 

 

 

About Us

 

 

 

AmeriPro Surety Bonds provides pharmaceutical-related surety bonds in any state where required. Please call our agency today at:

 

844-589-9732

 

Or, you may fill out the form below and a Surety Agent will contact you…

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