A Health Club Bond is a type of commercial surety bond that must be obtained by any health club or health spa that wish to collect fees from clientele up front, before services have been given. Simply put, these bonds protect clients that have paid up-front for club memberships, should that club fail to carry out their promise stated on the membership agreement.
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Current Market for Health Club Bonds: Health Club Bonds are looked at by most bonding companies as being relatively moderate risk bonds when compared to other commercial bond types. Their apparent moderate risk typically equates to an average rate for standard market applicants, without credit issues.
About Our Programs: While we offer a number of programs for customers with solid credit scores at extremely competitive rates, we also offer different programs with higher rates for those who currently have bad credit. If you are a high risk applicant, and are unable to obtain a bond via traditional surety underwriting methods, we still may be able to help you qualify for a bond through one of our Bad Credit Surety Bond Programs. While higher risk typically brings about higher rates, it is important to note that most high risk applicants should be able to get bonded without the need for collateral.