What is a New York Appearance Enhancement Bond?

Know the beauty of having this surety bond and how to apply for one today!

New York Appearance Enhancement BondAre you applying for a license on any of the following appearance enhancement categories below?

  • Waxing
  • Nail Specialty
  • Natural Hair Styling
  • Esthetics
  • Cosmetology

If so, you need this surety bond!

It is a requirement for every individual, firm, company, partnership or corporation who will be applying for a license in any of the categories mentioned above.

The surety bond – in line with Article 27 of the New York Consolidated Laws, General Business Law – will ensure the compliance of the bonded licensee to the relevant laws and rules of the state.

The surety bond will also provide a financial compensation to any person who has been harmed by the bonded licensee’s misconduct during the course of the license, as well as the surety bonds.

 

What is the Appearance Enhancement Bond amount?

For accident and professional liability:

$25,000 – minimum bond amount

$75,000 – maximum bond amount

 

For payment of wages and remuneration of nail specialty services employees:

2 – 5 nail specialty services employees – $25,000

6 – 10 nail specialty services employees – $40,000

11 – 25 nail specialty services employees – $75,000

More than 26 nail specialty services employees – $125,000

If you have an excellent credit score, you will be eligible to pay for a low bond premium or as low as 1% of the bond amount!

Check out what you need to pay by getting your FREE SURETY BOND QUOTE HERE!

 

How can I get an Appearance Enhancement Bond?

You can easily get this surety bond from us! We will guide you through the entire process. We’ll make sure that you will understand what you are getting into.

Here’s how to do get bonded:

  1. You have to send an application to us. If you are ready to do that now, you may APPLY HERE!
  2. After we have received your application, we will ask you to submit the necessary information needed for the underwriting process. These are the following:
  • Your financial capability
  • Your business or job performance history
  • Your credit score

An expert underwriter will carefully evaluate all three in order to attain the best credit decision possible. To avoid any delay, the information that you should submit should be organized and concise.

  1. Your surety bond will be issued and sent to you!

 

What are the surety bond conditions?

Ready to start on your surety bond? APPLY NOW!

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