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Texas Public Grain Warehouseman Bond

The Texas public grain warehouseman surety bond ranges from $35,000 to $500,000. Approval is based upon good credit and other factors. Please call AmeriPro Surety Bonds today at:      844-589-9732.

Texas Public Grain Warehouseman Bond

AmeriPro Surety Bonds | 844-589-9732

 

 

 

Licensing of Texas Public Grain Warehousemen

 

 

 

The Texas Department of Agriculture requires grain warehouses to obtain a surety bond according to the following formula:

  • A minimum $35,000 surety bond requirement;
  • 10 cents per bushel of rated storage capacity;
  • And a maximum amount of $500,000.

This bond is also known as Schedule D – Operator Bond.

 

 

Qualifying and the Premium

 

 

 

Qualifying for the Texas public grain warehouseman bond includes completing a short surety bond application and undergoing a review by an underwriter.

A standard part of you surety bond application review includes a credit check.

For higher surety bond amounts, the underwriter may request additional information. “Additional information” typically are request for financial statements- tax returns and/or banking statements.

Applicants for higher surety bond amounts should expect approval to take slightly longer. This is almost invariably due to the amount of the bond, and the time it takes you to provide additional information which may be requested.

Approval is based on demonstrating good credit; the premium is 1%, annually of the surety bond amount required.

Upon approval of your surety bond and payment of the premium, our agency issues your bond to you immediately.

We will notify your bond as Surety; upon receipt you’ll notarize your bond as Principal. Along with the Power of Attorney form, you’ll file it to:

State of Texas

Department of Agriculture

P.O. Box 12847

Austin, TX 78711

512-463-7476

 

 

 

Purpose Of Your Surety Bond Requirement

 

 

 

Your Texas public grain warehouseman bond is a financial guarantee of your compliance with Chapter 14 of the Texas Agriculture Code, as amended.

 

 

 

About Us

 

 

 

AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, court, probate and other surety bonds in all 50 states and Washington D.C.

Please call our agency today at:

 

844-589-9732

 

Or, you may fill out the form below and a Surety Agent call you…

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AmeriPro Surety Bonds

Our focus is exclusively surety bonds. We have two areas of concentration: YOU, our customer; and providing you with the surety bond that you need. Whether the bond is an "instant issue"; is for a contractor; a court bond; or one for a client with lower credit scores, AmeriPro Surety Bonds dedicates itself to providing our customers with a seamless, professional, and quick surety bond experience.

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