Telemarketing Bonds

Telemarketing Bonds are guarantees that telemarketers (or phone solicitors) will work according to the rules and regulations of the state in which they are operating, or calling customers in. In order to be filed an official phone solicitor's license, most states required that a telemarketing bond be obtained and kept on file.

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Current Market for Telemarketing Bonds: In recent years, state governments throughout the country have passed a significant number of new laws aimed at the telemarketing industry. Such legislation has made operating in this industry more and more difficult. As a result, an increasing number of telemarketing companies have had significant fines levied against them, while others have been forced out of business, unable to keep up with the increased strictness of the new regulations. In light of this changing business environment, and the lack of overall stability within the industry, bonding companies have become very hesitant to write these types of bonds. This cautiousness, and the increased probability of a claim arising, has resulted in increased rates for Telemarketing Bonds. Currently in standard markets these rates are typically three to five times the rate charged for many other commercial bonds associated with lower risk. Due to this information and the recent legislation, it will understandably take some time before standard market rates improve, and the industry is able to develop specialty programs for Telemarketing Bonds.

About Our Programs: For applicants who qualify in the standard market, our agency offers competitive rates on telemarketing bonds. Fortunately, we also have programs available for higher risk applicants in order to help these customers get bonded as well. If you're unable to meet standard market requirements, and are considered a high risk applicant for whatever reason, you should consider one of our Bad Credit Surety Bond Programs.