Contract Postal Unit Bond Guide
SuretyBonds.com offers the best service and fastest delivery for CPU bonds in the industry. Learn how to navigate the bonding process with this quick guide.
Bond Overview
- Who Needs It: Suppliers who handle U.S. Postal Service funds
- Purpose: To cover any losses due to employee theft or embezzlement
- Regulating Body: The United States Postal Service
- Required Amount: Equal to your unit’s total accountability to the USPS
- Premium Rates: Typically 1–5% of the bond amount, credit-based
What Are Contract Postal Unit Bonds?
Contract postal unit (CPU) bonds are required for suppliers who handle Postal Service funds. The bond ensures that suppliers follow the United States Postal Service (USPS) regulations and applicable laws. It covers potential losses due to employee theft or embezzlement.
How Much Do Contract Postal Unit Bonds Cost?
Contract postal unit bond premiums typically cost 1–5% of the bond amount. Your bond amount must be equal to or greater than your unit’s total accountability to the USPS. Apply online now to get a free quote within one business day.
How Do CPU Bonds Work?
A contract postal unit bond is similar to all other surety bonds. It’s a legal agreement between three parties:
- Principal: The postal unit supplier purchasing the bond
- Surety: The surety provider issuing the bond
- Obligee: The United States Postal Service
This bond protects the USPS from potential embezzlement or theft by postal unit suppliers.
Who Needs a Contract Postal Unit Bond?
If you are a contracted supplier of postal service funds, you must get a CPU bond. Whether you own, lease or are the sole-operator of a postal unit, the bond is a requirement across all states.
How to Get a Contract Postal Unit Bond
Applying on SuretyBonds.com is the fastest and easiest way to get a contract postal unit bond. Just follow these simple steps:
- Apply online at SuretyBonds.com
- Get a free quote within one business day
- Purchase your bond and select shipping method
- File the original bond with the USPS
How Do I Renew My CPU Bond?
Contract postal unit bonds require annual renewal. A SuretyBonds.com representative will contact you before your bond expires with instructions. Here is our simple renewal process:
- Pay your premium online or over the phone
- Sign and submit any additional documentation, if required
- File renewal documentation with your obligee, if required
