The New York milk dealer bond is offered, upon approval of good credit, at 1.5%. Up to and inclusive of a $50,000 surety bond requirement, we offer this bond without a credit inquiry qualification. Please call AmeriPro Surety Bonds at 844-589-9732.
Milk dealers in New York state are required to furnish a surety bond if they choose not participate in the state’s milk producer’s security fund.
The amount of the milk dealer surety bond will be either:
The above is according to Section 258-B (6) of the Consolidated Laws of New York state.
You are automatically approved for the New York milk dealer bond for any amount up to and including $50,000. There will be no credit check or underwriter review for these amounts, and the premium is 1.5%.
Amounts greater than $50,000, if applicable, require a completed surety bond application and a review by an underwriter. Included in this review is a credit check inquiry.
Approval is granted based on having good credit. The premium is also 1.5% of the surety bond amount.
Upon approval of your surety bond and payment of the premium, our agency issues your bond to you immediately.
Along with your surety bond will be a Power of Attorney form. Upon receipt by mail, you’ll sign your bond as Principal and file all received documents to:
Commissioner of Agriculture & Markets of the State of New York
10B Airline Drive
Albany, NY 12235
The bond is active for one year from the date of issuance.
Your milk dealer surety bond is a financial guarantee that you will promptly pay all amounts due to milk producers and to the equalization or settlement fund, as applicable.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide milk producers bonds in whatever state this is required.
We are also a provider of license and permit, court, and probate surety bonds nationwide.
Please call our agency today at:
Or, you may fill out the form below and a Surety Agent will contact you...
