What is a Contract Postal Unit Surety Bond?
Supplier-owned or supplier-leased sites that want to work with the U.S. Postal Service (USPS) and provide postal products and services are known as Contract Postal Units (CPU). The appointment process with USPS includes submitting a Contract Postal Unit Surety Bond.
What are the requirements for Contract Postal Unit Bonds?
The penal amount of the bond must be the minimum needed to protect the Postal Service’s interest. The minimum bond amount is $10,000. This bond acts as a guarantee to USPS that the CPU will makes all payments for services rendered.
What is a Contract Postal Unit?
Some of the services a CPU can provide include:
- Stamps
- Stamped Envelopes
- Stamped Postal Cards
- Priority Mail
- Priority Mail Express Service
- First Class Mail Service
- Standard Post
- Priority Mail Express International
- Priority Mail International
- Insured Mail
- Certified Mail
- Return Receipt
- USPS Tracking
- Signature Confirmation
- Registered Mail
- Global Express Guaranteed Service (GXG)
What are the terms of this bond?
Pacific Surety will ensure the bond is acceptable to the USPS. Corporate sureties must appear on the list in Treasury Circular 570, and the amount of the bond may not exceed the underwriting limit stated for the surety on the list. Additional details about bond, insurance and taxes can be found here.
How much do Contract Postal Unit Surety Bonds cost?
Pacific Surety is proud to offer a variety of approvals, regardless of credit.
RATES AS LOW AS 1% ARE AVAILABLE! (SUBJECT TO UNDERWRITING)
The process typically takes just a few hours for a quote, and we have the ability to beat any competitors pricing. With our strong surety relationships, we have the ability to approve 99% of applicants, regardless of how bad their credit is. Our knowledgeable underwriting staff will work with you to ensure you receive the lowest possible pricing for your bond. If you have any specific questions, feel free to contact our knowledgeable underwriting staff.