What is a New Jersey Fire and Burglar Alarm or Locksmith Bond?
See why this surety bond matters to your business and how to easily apply for one!
Every person who is applying for or maintaining a fire and burglar alarm business license or a locksmith business license must furnish a surety bond.
The surety bond is needed in order to guarantee that the locksmith business license holder and the fire or burglar alarm business license holder will perform their duties in accordance with the state laws.
State law, governing rules, and bond term violations committed by the licensee will be a ground for a bond claim.
The violations include, but are not limited to, the following:
- Gross malpractice or negligence that posed a danger to the life of a person or persons
- Committed fraudulent acts or false promises in order to be employed
- Permitted an unlicensed person to perform the duties that should be done by a licensed individual
This prerequisite is in line with Title 13 Chapter 31A of the New Jersey Administrative Code.
What is the Fire and Burglar Alarm or Locksmith Bond amount?
$10,000 – Fire or Burglar Alarm Business License Applicant
$10,000 – Locksmith Business License Applicant
If you have an excellent credit score, you will be eligible to pay for a low bond premium! Bond premium starts at $100.
Check out what you need to pay by getting your FREE SURETY BOND QUOTE HERE!
How can I get a Fire or Burglar Alarm and Locksmith Bond?
In order to secure this type of bond, the license applicant must seek the assistance of a surety bond company.
You will be asked to apply for this bond. If you’re ready to apply for one right now, you may easily do so HERE!
Once the application is received, the surety bond company will immediately process it. In our case, one of our expert surety bond agents will guide you through the whole process from the time you applied for the bond. We will make sure that you understand all the conditions before we issue the bond.
An underwriter will then evaluate the following:
- Your financial strength
- Your job/business performance history
- Your credit score
Once the prequalification process is fulfilled, we will execute the bond and send it to you!
What are the surety bond conditions?
- The surety bond agent or company should be authorized to conduct business by the Department of Banking and Insurance of the State of New Jersey
- The surety bond should be made payable to the State of New Jersey
- The licensee should follow the provisions of Title 13 Chapter 31A of the New Jersey Administrative Code, as well as the rules and regulations of the New Jersey Division of Consumer Affairs
- If the licensee commits a valid violation, the aggrieved party will be eligible to file a claim on the surety bond
Fast approval! Fast service! APPLY TODAY!