Who needs Telemarketing Bonds?

This bond is for telemarketing businesses that are required to be bonded as part of getting or renewing a license to call residents in a state that regulates telemarketing activity. If your licensing paperwork says you need a telemarketing bond or phone solicitor bond, it’s typically because the state wants an added layer of consumer protection tied to your license.

The bond is meant to protect the people your company contacts. If a telemarketer violates the rules connected to the telemarketing license and causes financial loss, the bond provides a way for valid losses to be paid. If a claim is paid, the telemarketer is responsible for paying the surety company back.

How much do Telemarketing Bonds cost?

The cost depends on the bond amount required by the state and the rate you qualify for. You don’t pay the full bond amount; you pay a premium that is a percentage of that amount.

Premium rates for telemarketing bonds are commonly in the 2% to 5% range. Most telemarketing bonds require a credit check, and the rate is typically based on credit, overall financial strength, and industry experience.

How do I get a Telemarketing Bond?

Start by confirming the exact bond requirement listed in your licensing or renewal paperwork, since the state sets the bond amount and the bond form requirements. Then you apply through a surety provider.

During the application, the surety company reviews information such as your credit and financial background to determine your rate. Once approved and paid for, the bond is issued so you can file it with the agency handling your telemarketing license.

Can I get a Telemarketing Bond with bad credit?

Yes. Bad credit does not automatically prevent you from getting a telemarketing bond. Credit is often a factor in pricing, so applicants with lower credit scores may pay a higher rate, but many applicants with credit challenges can still qualify.

How fast can I get Telemarketing Bonds?

Timing depends on how quickly the application can be reviewed and whether the bond requires additional underwriting. Many telemarketing bonds can be issued quickly once the required information is provided and the rate is approved.

If you’re unsure which bond you need, BOSS Bonds can review your licensing paperwork and help identify the correct bond at no cost.