New York Distributor of Alcoholic Beverages Bond
AmeriPro Surety Bonds | 844-589-9732
Distributors of Alcoholic Beverages in New York State
Companies which engage in distributing alcoholic beverages in New York state are regulated, in part, by the New York Department of Taxation and Finance.
If you are reading this page, it is likely because you have been told by the Department that you require a surety bond in order to be licensed by the Department.
AmeriPro Surety Bonds offers both renewal and first time surety bonds for distributors of alcoholic beverages.
New York Alcohol Distributor of Alcoholic Beverages Bond: The Purpose of this Surety Bond
In New York state, taxes are to be filed on a monthly basis for distributors of alcoholic beverages, even if no taxes are due for that month.
The surety bond requirement, then, for alcohol distributors, is a financial guarantee that taxes will be filed and paid, if owed, in a timely manner.
The bond’s existence allows for the Department of Taxation and Finance to file against the alcohol distributor surety bond in an effort to collect taxes when there is not a timely payment of taxes owed by a distributor.
As such, the bond’s existence, although purchased by the alcohol distributor (who is its principal), is solely for the benefit of New York’s Department of Taxation and Finance (this surety bond’s obligee).
Should a claim be made on your surety bond by the Department, it will be the responsibility your responsibility to reimburse the surety for all costs involved in satisfying the claim.
New York Distributor of Alcoholic Beverages Bond: The Amount of Surety Bond Required
The amount of surety bond that you are required to purchase will be determined by the licensing department. They will (or already have) formally notify you of the amount of bond you need.
For our purposes as an agency, we’ll request a copy of that document which state the amount of surety bond you are required to purchase.
Applying for the New York Distributor of Alcoholic Beverages Bond
The application process for your distributor surety bond is easy and in most cases only takes a few moments to complete.
Our agency will complete the application with you directly over the phone.
If the bond amount requested is relatively small, as a general rule, supporting documentation may not even be required.
Part of the application process, however, will involve a credit check. This determines the amount of premium you will be required to pay.
AmeriPro Surety Bonds will work for you to get you the best surety bond pricing.
Amount of Premium for the Distributor of Alcoholic Beverages Bond
The premium (that is, the amount you will be required to pay for this surety bond) will be a reflection of the bond’s overall amount, your application, and, importantly, your credit history.
A standard application may require a premium of just over 1%; however, the amount you will pay, will depend on your meeting criteria levels.
AmeriPro Surety Bonds is a surety bonds-only agency which provides license and permit, contractor, court, and fiduciary bonds throughout New York state.
Our agency also provides surety bonds nationwide.
Our goals are to provide you the surety bond you need at a good price, and providing a high level of customer service.
Please call AmeriPro Surety Bonds today: 844-589-9732