Telemarketing Bond

Telemarketing bonds are essential in many states to be able to legally set up and manage a telemarketing company.

To open a business that trades using telemarketing, you will need a license in the state that you wish to operate in. If you choose to branch your business out, you will need to apply for a license in each state that you choose to expand into.

Applying for a license in most states requires you to have a bond agreement in place before being able to obtain your license and start working. The bond is a legal contract that gives peace of mind to all consumers as they know that their rights and finances are protected should your company not live up to all regulations imposed upon them by the state.

Telemarketers are not professionals that are generally accepted well into your lives. The calls tend to come at the most inopportune times, and many of us are guilty of being rude or just hanging up the receiver.

Telemarketers are generally paid on the amount of sales they make. If the telemarketer has not made many sales in the period, they may lie to a consumer to try to get their sales going. Legally, this is fraud and just one of the examples that a customer may have rights to make a claim against your bond policy.

Because of the many laws and the stressful environment affecting telemarketing, bond companies consider these types of businesses to be under the ‘High-Risk’ category, so you may find that you are paying more for your telemarketing bond than you would be for other bonds. 


Application for


Current or expiring quote we are looking to beat:


Name of previous surety company writing to the bond:


Section I: Bond Applied for

Type of Bond

Effective Date

Expiration Date


Type of Company

CORP

LLC

DBA

Partnership

Bond Amount


(Obligee)


Obligee Address


Section II: General Information

Applicant's Name

Spouse Name


SS#

Spouse SS#

Home Phone


Residence Address

City

State

Zip


Status of Residency

Own

Rent

At Current Address Since


Date of Birth

Spouse Date of Birth

Business License Number


Business Name


Business Phone

Business Fax

Business Email


Business Address

City

State

Zip


Date Business BEGAN Under Present Individual or Firm Name

Business Tax ID


Has any company refused to issue bonds for any purpose?

Yes

No

Do you have any liens, claims or judgements against you?

Yes

No


Has applicant ever failed in business?

Yes

No

Has applicant filed bankruptcy in the last 10 years?

Yes

No


If yes, Chapter 7?

Yes

No

Chapter 11?

Yes

No

Chapter 13?

Yes

No


Date Filed for Bankruptcy?


Date of Discharge?


If yes to any, please explain:


Section III: Additional Parties

Name

Spouse Name


SS#

Spouse SS#

Home Phone


Home Address

City

State

Zip


Personal Financials

(if more than one owner, each has to fill out this app)

Statement of assets and liabilities as of


Assets Liabilities
Cash in Bank Notes Payable to Banks
Cash on Hand Notes to Others(excl. of equipment)
Stocks and Bonds Accounts Payable
Accounts Receivable Federal and State Income Tax Due
Notes Receivable All Other Taxes
Inventory Accruals, Payrolls, Etc.
Cash Value Life Insurance    
Equipment Due on Equipment
Real Estate Due on Real Estate
Other Assets Other Liabilities
    Surplus and Undivided Profits
    Capital Stock(if a corporation)
       
Total Assets Total Liabilities

Net Worth


Name of Owners

Name and Title of Officers

% of Ownership


Are you an insurance agent?

Yes

No

Agent License #

Agent State

Completion of this form constitutes permission for Cal Society Insurance Services to obtain customer information which will be used to determine bonding eligibility. This information will be held in the strictest confidence.