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Health Club Bonds | Health Spa Bond

Complete Guide to Bonding for Health Spas

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What is a Health Club Bond?

Health Club Bonds are a type of financial guarantee bond that must be obtained by any health club or health spa that wishes to collect fees from members 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.

These are also referred to as Health Spa Bonds, Health Studio Bonds, and Fitness Club Bonds.

Questions about Health Club Bondss | Health Spa Bonds

How much does a Health Club Bond cost?

Health Club Bonds are underwritten a little more strictly than most other types of commercial bonds. Rather than ensuring compliance with a license, these bonds are a form of financial guarantee. Subsequently, the owner's personal credit is one of the biggest determining factors in what the cost will be.

Owners with excellent credit may be eligible for standard market rates, which range from 1% to 3% of the bond amount.

Applicants with bad credit may find it more difficult to get bonded, as there aren't too many bond companies writing these for higher risk applicants. Annual premium for these applicants can range between 5% to 15% of the bond amount.

For more information on surety bond premium, visit our page on Surety Bond Costs.

How do I get a Health Club Bond?

First, apply for one. Once you’ve been approved, your licensed agent will provide you with the annual cost, as well as an indemnity agreement with the surety. Once you’ve provided premium and a signed copy of the agreement, your Health Club Bond will issued and sent to you right away.

Can I get approved for a Health Club Bond if I have bad credit?

Yes, but it may negatively impact the price. Not every surety bond company is willing to offer bonds to applicants with bad credit. Applying with a bond agency such as Lance Surety offers you the best chance at getting approved at the lowest possible rate. Reason being, we have relationships with a variety of markets with access to exclusive bad programs not offered by all agencies.

How do membership dues impact Health Club Bond underwriting?

Most underwriters will want to know whether a health club collects membership dues annually or monthly. Gyms that collect membership fees up front for the year are considered to be a higher risk in the eyes of the surety, as this greatly increases the likelihood of a claim. This may impact the bond cost.

What could cause a claim to be placed against my Health Club Bond?

The most common cause of claim against a Health Club Bond is when a health club owner goes out of business, but fails to return unearned money collected up front via membership fees. This essentially is why the bond is required in the first place, and what it is designed to protect against. If you receive a claim against your bond, contact your bond agency or the surety claims department right away, and take action to get the issue resolved immediately.

Will my Health Club Bond work for multiple locations?

This will vary by state. However, most states require a separate surety bond to be posted for each gym location. Therefore, if you have 5 different locations in your state, you'll likely need to purchase 5 separate surety bonds. Be sure to check your state's regulations before opening your doors to ensure proper compliance.

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Find Your Surety Bond

  • District of Columbia
    Health Spa
    Dept of Consumer & Regulatory Affairs
  • Florida
    Health Studio Bond
    Dept of Agriculture and Consumer Services
  • Florida
    Health Studio Bond
    Dept of Agriculture and Consumer
  • Georgia
    (City of Johns Creek, GA) Massage License Bond
  • Kentucky
    Health Club
    Attorney General Division of Consumer Protection
  • Local Government
    Massage Establishment License
    City of Southfield
  • Maryland
    Health Club
    Consumer Protection Division
  • Massachusetts
    Health Club
    Massachusetts Attorney General
  • Minnesota
    Health, Dating or Buying Club
    State of Minnesota
  • Missouri
    Health Club
    Office Consumer Protection
  • Missouri
    Health Club License Bond
    Office of Consumer Protection
  • New Jersey
    Health Club
    Division of Consumer Affairs
  • New York
    Health Club
    Division of Licensing Services
  • Okalahoma
    Health Spa
    Dept of Consumer Credit
  • Oklahoma
    Oklahoma Department of Consumer Affairs
  • Pennsylvania
    Health Club
    Bureau of Consumer Protection
  • Rhode Island
    Health Club License
    Attorney General Office
  • South Carolina
    Physical Fitness Center Deposit Bond
    South Carolina Department of Consumer Affairs
  • Tennessee
    State of Tennessee Dept of Commerce & Insurance
  • Texas
    Health Spa
    Secretary of State
  • Utah
    Health Spa Surety
    Dept of Commerce, Division of Consumer Protection
  • Virginia
    Health Spa
    Dept of Agriculture and Consumer Services
  • Virginia
    Health Club Bond
    Dept of Agriculture and Consumer Services
  • West Virginia
    Health Club
    Office of the Attorney General
  • Wisconsin
    Fitness Center
    Dept of Agriculture/Trade and Consumer Protection

Still Have Questions? Check Our FAQ Pages

What Our Clients Have To Say?

Kimberlee Ables
Quick response times and turn around for issuing bonds. Great customer service and very knowledgeable. We have used Lance Surety multiple times and have never been disappointed. Highly recommend them and Collette!
Andrew Poincot
Long story short, these guys cut through the B.S. and get the job done. Responsiveness, excellent! Communication, excellent! Respect for their industry partners, excellent! John, Collette, Ryan, you're all-stars! Thank you!
Margie Martinez
We decided for Lance Surety Bond's quote for 2 reasons; Price and Customer Service. Our Representative Ryan was just SUPERB!! [...] I highly recommend Lance Surety Bond for all your Bonding needs! I'll definitely come back for all of mine. :-) Thanks Ryan!

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