2. whatW H A T I S A
TELEMARKETINGBONDS
Telemarketing Bond?
This bond serves as a guarantee to the state and the public that your company and its employees
will comply with industry regulations and laws, including the non-harassment policy.
This protects against both intentional and accidental oversight.
3. partiesT H E
TELEMARKETINGBONDS
3 Parties Involved:
Each state sets its requirements for telemarketing bonds. The telemarketing company must
adhere to those terms or face a penalty.
The Obligee
The state agency that requires your company to obtain
the telemarketing bond to maintain your licensing.
The Principal
The individual or business that must purchase the
telemarketing bond.
In telemarketing
bonds, as with
other surety bonds,
there are three
parties:
The Surety
The company that serves as the underwriter for the
telemarketing bond.
4. partiesT H E
TELEMARKETINGBONDS
3 Parties Involved:
If your company fails to meet the terms that are set in the bond
with your state, the state can then file a claim against the bond.
The surety company will look into the claim and if they find that
your business did violate the terms of the bond, whether
intentionally, or as an accident, then they will make a payment to
the complainant, not to exceed the total bond amount.
Your company will be liable for reimbursing the payment made
by the surety company.
5. costW H A T I S T H E
TELEMARKETINGBONDS
Cost of a telemarketing bond?
Your state determines what the mandatory coverage is for telemarketing bonds.
It could be anywhere between $10,000 and $100,000.
You are required to pay a premium, which is based on several factors including the amount of
coverage required. It is typically a small percentage of the bond amount.