Pennsylvania health clubs are regulated by the Commonwealth’s Office of the Attorney General.
Health clubs have certain financial requirements which must be met as a condition for licensing.
Among these, is that health clubs are required to obtain a surety bond in one of several amounts
AmeriPro Surety Bonds provides the bond in whatever amount you need.
We explain more below.
The amount of surety bond required of Pennsylvania health clubs is determined by the length of the contract; or, alternatively, the number of persons whom the health club has under contract and the duration of that contract.
The breakdowns are as follows:
The purpose of the Pennsylvania health club is for reason:
The bond serves as a financial guarantee that a licensed health club will provide buyer refunds if required.
In fact, it’s even more than that. Should a licensed Pennsylvania health club agency file bankruptcy, state law exempts those asset fees from the bankruptcy.
Having a surety bond in place ensures that, up to the amount of the respective bond, fees can be refunded.
However, should a surety pay a claim on a health club bond, it is the legal responsibility of the bond’s principal to reimburse the surety for all costs.
The provisions and guarantees afforded by the health club bond are solely for the benefit of your customers; they do not in the least serve as a type of liability policy for your health club business.
Your cost for the health club bond will be determined by the following factors:
AmeriPro Surety Bonds will work for you to get your bond issued as quickly as possible at the best rate.
AmeriPro Surety Bonds is a surety bonds-only agency which provides surety bonds throughout the Commonwealth of Pennsylvania.
We also provide license and permit, contractor, court, and fiduciary bonds nationwide.
Please call our agency today for your PA health club bond: