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What Is a Talent Agency Bond?
Talent agency bonds protect the state and the clients of these agencies in case there is a breach of law in their operations. Being bonded means that your talent agency is trustworthy and safe to work with.
Like other surety bonds, the talent agency bond functions as a contract between three parties. On one side, your talent agency company is the principal that has to get bonded. The state authority that is licensing you is the obligee. The surety is the entity underwriting the bond, and providing the backing for the principal.
A bond claim process can be initiated if a talent agency does not abide by the law. Proven claims are a serious matter, which you can read more about in the Questions section below.
Questions about Talent Agency Bond in in Delaware
How much does a talent agency bond cost?
While the bond amount is considerable in some places, your bond premium is only a fraction of it. For standard bonding market applicants, the usual bonding rates are between 1% and 4% of the bond amount. Thus for a $10,000 bond, you can expect to pay a premium of $100 to $400.
What other factors are considered when setting your bond premium? Your surety provider will carefully assess your bond application, looking primarily at your personal credit score, as well as at your personal and business finances. Your professional experience also matters. The surety provider will evaluate the risk of bonding you, and your bond price will be lower if your overall status is stable.
For a complete overview of how your talent agency bond price is determined, our surety bond cost page has everything you need to know.
Can I get a talent agency bond with bad credit?
Financial problems can be difficult to resolve. Lance Surety Bonds experts know that getting bonded with bad credit can be an uphill battle. That’s why our Bad Credit Surety Bonds program is here, to help talent agency owners with low credit scores, tax liens, bankruptcies, or civil judgements. By getting bonded, they can stay in business and obtain the talent agency license they need.
The usual bad credit bonding premiums vary between 5% and 10%. While the price is higher, with us you’re guaranteed you are getting a top bonding rate with a trusted surety provider. We foster close connections with a number of A-rated, T-listed surety companies, so we can choose the best bonding option for your case.
How do I get my talent agency bond?
Getting your talent agency bond has never been easier. Just apply online today! Attach all necessary paperwork and complete the application form. Lance Surety Bonds will deliver your free, no-obligations bond quote in no time.
Our How to Get Bonded page has all the facts about bonding.
Any questions or concerns? Just call us at (877) 514-5146 and our bonding specialists will provide you with the assistance you need.
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What Our Clients Have To Say?
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!
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!
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!
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!
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!
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!
