In New Jersey, alarm businesses – fire and burglar alarms; locksmith businesses, and alarm and locksmith businesses, must be registered with the Attorney General Office, Division of Consumer Affairs.
In addition to formally registering and paying any and all applicable fees, a surety bond is required for any of these three categories.
The New Jersey burglar alarm/locksmith bond is a $10,000 surety bond required by the Division of Consumer Affairs.
Once purchased and issued (surety bonds can be postdated and predated within certain parameters) this surety bond is active for one year from the date of issuance. After that, the bond must be renewed.
Applicants for this surety bond will complete a short surety bond application (which can be taken over the phone). A credit check may or may not be involved as part of the application process (some sureties may require it, and others may not).
For most applicants, the $10,000 New Jersey burglar alarm/locksmith bond will cost about $100 annually.
All three categories of surety bonds are financial guarantees for the Division of Consumer Affairs, and by extension, the people of New Jersey, that a licensed alarm contractor will be in compliance with all rules and regulations governing alarm/locksmith businesses.
The bond protects against acts of theft, fraud, and criminal malfeasance and misfeasance on the part of a licensed contractor.
The financial guarantee afforded the Division by this surety bond also extends to wrongdoing committed by any agents, employees, or managers of an alarm/locksmith company.
As principal (owner) of this surety bond, you are responsible for any fees paid against your bond as a reimbursement to the surety.
AmeriPro Surety Bonds is a surety bonds-only agency which provides license and permit, contractor, court, and fiduciary bonds throughout New Jersey.
Our agency also provides surety bonds nationwide.
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