The Commonwealth’s Attorney Generals Office requires Pennsylvania telemarketing companies to post a $50,000 surety bond if they:
In short, if you are a telemarketing firm in Pennsylvania, you are required to post a $50,000 surety bond.
AmeriPro Surety Bonds will help you file this bond in a timely manner.
The purpose of the Pennsylvania telemarketing bond is to protect consumers, that is, the public, from acts of fraud, theft, and criminal misconduct committed by a licensed PA telemarketing company, agency, owners, or employees of that agency, in the course of their professional duties.
The bond’s existence allows those who can demonstrate financial harm to file a claim against the bond and recoup any losses, up to the bond’s amount --- in total.
The telemarketing solicitor bond, therefore, is not an insurance policy for your telemarketing firm.
Rather it is a surety policy purchased by a telemarketing company on behalf of the Commonwealth and the consumer public.
And unlike an insurance policy, should a claim ever be paid on this surety bond, it is the legal responsibility of you as purchaser of the bond to reimburse the surety for all costs involved in settling the claim.
The premium, or the price you will pay for the issuance of the Pennsylvania telemarketer bond will be a small fraction of the bond’s $50,000.
It is possible that the bond’s premium will be as little as 2%.
The price you will pay, however, will be determined by:
AmeriPro Surety Bonds will work to provide you the best surety bond pricing.
Once issued, your telemarketing bond renews annually and must be kept current to remain in good standing with the Commonwealth’s Attorney General Office.
AmeriPro Surety Bonds is a surety bonds-only agency which provides license and permit, contractor, court, and fiduciary bonds throughout the Commonwealth.
We also provide surety bonds nationwide.
Our goal as an agency is to get your bond available to you as quickly as possible, while also providing the best surety bond pricing.