New York Alcohol License or Permit Bond
What is a New York Alcohol License or Permit Bond?
It is a guarantee that the alcohol license or permit applicant must provide to the New York State Liquor Authority before a license or permit is issued.
An alcohol license or permit bond is required to ensure that the applicant will comply with the provisions of the New York Alcoholic Beverage Control Law or Title 9 of the Official Compilation of the Codes, Rules, and Regulations of the State of New York (Rule 36 of the Rules of the State Liquor Authority).
This bond will also be used to compensate any person who will suffer damages due to the non-compliance of the permitee or licensee.
There are four groups of alcohol licenses or permits that requires a bond. Depending on the type of license, it will allow the license or permit holder to import, manufacture, distribute, or sell alcohol in the State of New York. The groups are as follows:
- On-premises licenses (ex. bars, restaurants, taverns, hotels)
- Off-premises licenses (ex. liquor stores, wine stores, grocery stores, convenience stores, drug stores)
- Manufacturing licenses (ex. breweries, wineries, distilleries, cideries)
- Wholesale licenses (ex. beer wholesalers, wine wholesalers, importers)
Each group has a specific set of application requirements, so make sure that you check the requirements first before applying for a bond.
This requirement is in pursuance of Alcoholic Beverage Control Law and the State Liquor Authority, Part 81 of Subtitle B of Title 9 of the Official Compilation of the Codes, Rules and Regulations of the State of New York.
How much does a New York Alcohol License or Permit Bond cost?
You don’t need to pay the entire bond amount; only a small percentage of it depending on your credit score.
Check out what you need to pay by getting your FREE SURETY BOND QUOTE HERE!
| LIQUOR LICENSE/PERMIT TYPE | BOND AMOUNT |
|---|---|
| Manufacturer | |
| Brewer | $15,000 |
| Distiller (class A) | 25,000 |
| Distiller (class B) | 25,000 |
| Distiller (class C) | 5,000 |
| Winery | 10,000 |
| Cider producer | 1,000 |
| Farm winery | 1,000 |
| Wholesaler | |
| Beer | 10,000 |
| Wine | 10,000 |
| Liquor | 20,000 |
| Vendor/Retail (Off-Premises) | |
| Beer (grocery, drug store and supply ship) | 1,000 |
| Wine (wine store) | 1,000 |
| Liquor (liquor store) | 1,000 |
| Retail (On-Premises) | |
| Club, hotel, eating place or ball park stadium | 1,000 |
| Railroad car, other than option C | None |
| Railroad car—option C only | 1,000 |
| Vessel (including fishing vessel) | 1,000 |
| Summer licenses (club, hotel or eating place) | 1,000 |
| Wine and Beer | |
| Club, hotel or restaurant | 1,000 |
| Special | 1,000 |
| Liquor, Wine, and Beer | |
| Bottle club | 1,000 |
| Special | 1,000 |
| Restaurant, hotel, club, luncheon club, eating establishments or vessel | 1,000 |
| Railroad car, other than option C | None |
| Railroad car—option C only | 1,000 |
| Summer licenses (club, hotel, restaurant or vessel) | 1,000 |
| Aircraft | 1,000 |
| Permits | |
| Bottling | $5,000 |
| Broker (annual) | 1,000 |
| Solicitors | 1,000 |
| Trucking (regardless of number of vehicles operated by permittee) | 1,000 |
| Warehouse | 5,000 |
How can I get a New York Alcohol License or Permit Bond?
STEP 1: Apply for this bond
If you’re ready to apply now, you may do so HERE!
STEP 2: Underwriting
We’ll ask you a few important information about your financial history, business performance history, and your credit score. An underwriter will carefully evaluate all these.
STEP 3: Bond execution
Once the underwriter is done with the prequalification process, you’ll be asked to sign the indemnity agreement. After that, the bond will immediately be issued and sent to you!
How does a New York Alcohol License or Permit Bond work?
A surety bond is a three-party agreement.
- Principal – alcohol license or permit applicant
- Obligee – People of the State of New York
- Surety – surety bond company
This bond is for the protection of the Obligee in case the Principal violates any of the relevant laws, rules, and regulations. If such happens, the Obligee can file a claim against this bond.
The Surety will first investigate if the claim is valid before paying the Obligee. If it is, the Surety will settle the claim. The Principal must then reimburse the Surety for the payments made soon after.
Ready to apply? START HERE!