Wisconsin Health Club Bond |
AmeriPro Surety Bonds | 844-589-9732
Health Clubs – Wisconsin
Health clubs in Wisconsin are regulated and licensed by the state’s Department of Agriculture Trade and Consumer Protection (DATCP).
A requirement of licensing is that you furnish the Department with appropriate surety bond. Our agency offers this bond as a 1, 2, or 3 year surety.
Health Club Surety Bond: Amount Required
The Wisconsin health club surety bond is a $25,000 statutorily required bond as per § 100.177 of the Wisconsin Legislature.
Qualifying for the surety bond is simple: There is a standard surety bond application along with a personal or business credit inquiry.
Information provided on the application and your credit score will determine the price of the bond’s issuance.
Pricing or the Bond Premium
Although pricing points may vary, typically the Wisconsin health club bond will cost as little as $250 annually.
Additionally, in some instance our agency may offer you the ability to prepay this bond for either two or 3 years.
Breakdowns for prepayment amounts may be as follows:
- If your WI health club bond is prepaid for 2 years, the premium may be $450;
- If your health club bond is prepaid for 3 years, the premium may be $650.
Although it is entirely your choice, prepayment allows you a savings over year to year payment of your health club bond premium.
The Purpose of Your Health Club Surety Bond
The health club surety bond is for the benefit of your customers. Specifically, according to Paragraph 100.177 of the Wisconsin statutes, the bond is a financial guarantee that should the services or facilities you have agreed to provide are either no longer available or become unavailable before the end of the contract, the buyer is entitled to a refund of the unused portion.
As such, the bond is solely for the protection of the Wisconsin consumer and protects them from potential loss. However, that protection for all persons does not exceed the aggregate total of the bond, $25,000.
AmeriPro Surety Bonds is a surety bonds-only agency.
We provide license and permit, court, and fiduciary bonds throughout Wisconsin.
Our agency also provides surety bonds in all 50 states.
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