What is an Alabama Telephonic Seller Surety Bond?
A $50,000 Telephonic Seller Surety Bond (also known as a phone solicitor bond or telemarketing bond) is required by the Alabama Attorney General for any organization, institution or person who engages in telephone solicitation in the state of Alabama.
This Telephonic Seller Surety Bond guarantees that the principal (telephone solicitor) operates their business in accordance with the Alabama Telemarketing Act, and provides financial protection to any purchaser who is injured by the bankruptcy of the principal or by a breach of any agreement they entered into with the principal. If a valid claim is filed against the bond, the surety will pay out up to the penal sum of the bond to resolve the claim. The principal is then required to reimburse the surety for all monies paid out, including any attorney fees incurred.
What is required to become a licensed telephone solicitor?
- License fee of $500.00
- Completed commercial telephone sales license
- Copy of any script, outline or presentation used when soliciting
- $50,000 Surety Bond
How much will my bond cost?
Pacific Surety is proud to offer a variety of approvals regardless of credit for Alabama Telephonic Seller Surety Bonds, with rates as low as $500 annually for well qualified applicants. The process typically takes just a few hours for a quote, and we have the ability to beat any competitors pricing. If you have any specific questions, feel free to contact our knowledgeable underwriting staff.