What is a Cemetery Broker Surety Bond?
Cemetery Broker Surety Bonds are required for all individuals and businesses that sell, purchase, lease, list or negotiate for cemetery property and accompanying interment services. These license and permit surety bonds ensure that the broker will conduct their duties in an honest and responsible manner, in accordance with all the applicable laws and regulations. They protect clients against acts of misrepresentation of services and malpractice at the hands of their brokers.
Which states require a Cemetery Broker Surety Bond?
Pacific Surety proudly offers Cemetery Broker Surety Bonds in the following states:
If you do not see your state listed, please contact us and our knowledgeable underwriters will assist you.
What is the bond amount for Cemetery Broker Surety Bonds?
Amounts for Cemetery Broker Surety Bonds vary and are set by the local rules and statutes regulating the industry. Therefore, bond amounts and requirements will fluctuate from bond to bond. Please contact us with specific questions, and our knowledgeable underwriting staff will assist you.
How much do Cemetery Broker Surety Bonds cost?
Pricing for Cemetery Broker Surety Bonds varies, and your premium will be based on the following factors:
- State the bond is required in
- Amount of the bond
- Term length of the bond
- Personal credit for all owners with at least a 10% ownership stake in the business
Individuals with good credit can expect to pay between 1%-5% of the bond amount.
Can I get a Cemetery Broker Surety Bond with bad credit?
Pacific Surety offers a wide range of approvals, regardless of credit, for Cemetery Broker Surety Bonds. With our strong surety relationships, we have the ability to approve 99% of applicants, regardless of how bad their credit is. Our knowledgeable underwriting staff will work with you to ensure you receive the lowest possible pricing for your bond. Applicants with substandard credit can expect to pay 5%-10% of the bond amount in premium.
How are these bonds purchased?
The first step is to complete our quick online application for your free, no obligation bond quote. Submission takes only five minutes, and our underwriting staff will be in contact with you within a couple of hours with pricing. If you prefer to speak with our knowledgeable staff, please call 1-866-722-7873 and one of our Underwriters will assist you in applying for your bond.
After you receive approval, you must sign an indemnity agreement with the surety and provide payment for your bond premium. In most cases, we can issue bonds the same day we receive your signed documents and payment.