UPDATE MAY 2019: PRICING
New York City talent agencies are regulated by the New York Employment Agency Law and the City of New York, Department of Consumer Affairs.
As a condition for licensing, talent agencies operating in New York City are required to file a $10,000 surety bond.
AmeriPro Surety Bonds offers this talent agency bond. It can be prepaid for two years, coinciding with the biennial license duration issued by the Department of Consumer Affairs.
The purpose of the New York City talent agency bond is a financial guarantee which ensures that talent agencies will operate in compliance with rules and statutes governing the talent agency profession.
The bond serves as a financial guarantee --- for the benefit of others --- not the talent agency --- to protect such persons against acts of financial harm, fraud, or criminal misrepresentation or malfeasance committed by a talent agency, its employees, owners, or managers, in their capacity as licensed professionals.
The surety bond’s existence allows those who can properly demonstrate such harm to recoup their losses in the amount of up to the $10,000 surety bond’s total as an aggregate.
Should a payment ever be made by surety to settle a claim, the principal (that is, YOU, as purchaser of this surety bond) are obligated to reimburse the surety for all costs involved in settling a claim.
Besides all of this, New York City simply requires this surety bond; they will not issue you a license without it.
The premium, or the price that you will pay for the New York City talent agency bond is reasonably priced.
While the amount you will ultimately pay will be determined by an application –(which we can take over the phone) --- and possibly a credit check --- the majority of applicants will pay just over 1% for the bond’s issuance, and that for two years!
We stress again, however, that the price that you will pay will be determined by the information provided on your application.
AmeriPro Surety Bonds will work to provide you the best surety bond pricing, regardless of your personal credit situation.
UPDATED MAY 2019: The New York city talent agency bond will cost you just $100 for one year; $170 if prepaid for 2 years, and $260 if prepaid for 3 years. There is no credit check.
AmeriPro Surety Bonds is a surety bonds-only agency.
We provide license and permit, court, contractor, and fiduciary surety bonds throughout New York state. We also provide surety bonds nationwide.
We thank you for choosing our agency and giving us the opportunity to work on your behalf.
Please call AmeriPro Surety Bonds today at: