1 (844) 589-9732

The $50,000 West Virginia health club bond is offered by our agency to applicants who have good credit. The premium is $500 annually. Please call our agency today at 844-589-9732.

West Virginia Health Club Bond

AmeriPro Surety Bonds | 844-589-9732

 

 

 

Health Club or Health Spa Licensing – West Virginia

 

 

 

Health spas or health clubs operating in West Virginia are licensed and regulated by the West Virginia Secretary of State who requires that health clubs furnish evidence of a $50,000 surety bond as a prerequisite for licensing.

 

 

 

Qualifying and the Premium

 

 

 

Qualifying for the $50,000 West Virginia health club bond involves completing an application – which we can begin with you over the phone — but which will require your signature before review.

Once completed, the application is submitted to an underwriter. There is also a credit review as part of the underwriting process. Surety agencies utilize “soft pulls” which do not adversely affect your FICO score.

Good credit is required, and upon approval your annual premium is 1%, $500.

Once the premium is paid, the bond is issued to you immediately. The original bond will be sent to you by the following business day, which either the President or Vice President of your company must sign as Principal before filing with the Secretary.

 

 

 

Premium Payment Options

 

 

 

The $500 premium for your $50,000 Virginia health spa bond renews annually on the anniversary of its issuance. An active surety bond must remain on file for West Virginia health spas and clubs.

The option also exists to prepay your bond for up to 3 years thereby offering you a savings over year to year premium renewals.

The premium prepayment options and savings are as follows:

  • If prepaid for 2 years, the premium is $900, a $100 savings;
  • If prepaid for 3 years, the premium is $1300, a $200 savings.

 

 

 

Purpose Of Your Bond Requirement

 

 

 

In addition to serving as a financial guarantee of your compliance with all laws involved in operating a health club entity, the bond is required pursuant to Chapter 46A, Article 1, Section 101, and the sections which follow (which go into relevant detail).

 

 

 

About Us

 

 

 

AmeriPro Surety Bonds is a surety bonds-only agency. We provide health spa and health club bonds in West Virginia and anywhere required nationwide.

Please call our agency today at:

 

844-589-9732

 

Or, you may fill out the form below and an agent will contact you…

 

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