Telemarketing companies in New York state are required to be registered and licensed with the New York State, Department of State, Division of Licensing.
In addition to other requirements for licensing, telemarketing companies must also file a $25,000 surety bond with New York.
AmeriPro Surety Bonds offers this telemarketing bond for both first time and renewal applicants.
The purpose of the $25,000 New York telemarketing bond is to protect consumers from acts of fraud, theft, criminal misconduct, or malfeasance committed by a telemarketing firm.
The bond also serves as a financial guarantee that telemarketers will be in compliance with all legal statutes in the performance of their duties.
The bond’s existence furthermore allows those who suffer harm from acts committed by a telemarketer to be financially compensated for such harm up to the bond’s amount.
As such, the telemarketing surety bond is not and never should be regarded as a liability policy for the telemarketing firm. Rather, its existence is solely for the benefit of the NY Department of State and the consumer public.
By law, any claims paid on a surety bond must have all costs involved reimbursed by the telemarketing firm, which is the bond’s principal.
The premium, or cost, of the surety bond represents the amount you will pay for its issuance.
The premium is a small percentage of the bond’s amount. Depending on the results of the application which also involves a standard credit check, you may pay as little as 1-3% for the this surety bond.
Additionally, AmeriPro Surety Bonds allows you to prepay this bond for two years, offering an overall savings over a one year purchase; however, that choice is entirely up to you.
The bond expires one (or, if selected two years) from the date it is made active.
The telemarketing license provided by the state of New York is for two years.
Applying for your telemarketing surety bond is very easy.
We can take the application directly from you over the phone, which takes a few minutes.
Depending on what time of the day the application is completed, either within a few hours or one business day, we’ll be able to offer you the price of the bond.
After its purchase, we can email you a copy of the bond (if you’d like); however, it is only the original copy of the bond that you’ll want to present to the Division of Licensing for filing.
Our agency offers a number of mailing options should you have an immediate need for the bond.
Once you have the bond in hand, you’ll want to mail the telemarketing bond along with the application for a New York telemarketing license and your $500 nonrefundable application fee to:
New York Department of State
Division of Licensing Services
P.O. Box 22001
Albany, NY 12201-2001
Telephone to the New York Department of State: (518)474-4229.
AmeriPro Surety Bonds is a surety bonds-only agency.
We provide license and permit, contractor, court, and fiduciary bonds throughout New York state and nationwide. We are committed to getting you the best surety bond pricing.