What Is a SAG-AFTRA Franchised Talent Agency Bond?
Any talent agency or agent wishing to represent Screen Actors Guild and American Federation of Television and Radio Artists (SAG-AFTRA) members must file a talent agency surety bond.
SAG-AFTRA talent agency bonds protect franchised talent agency clients from monetary loss due to unlawful actions by an agent. The surety contract holds agents liable for following all SAG-AFTRA union regulations and provides financial compensation if they fail to do so.
How Much Do SAG-AFTRA Surety Bonds Cost?
Your SAG-AFTRA franchised talent agency bond price will vary based on the coverage amount you need. Bonds up to $20,000 in coverage are available for instant purchase at a flat rate, while bonds over $20,000 require an application.
- $5,000 bond: $100 premium
- $7,500 bond: $100 premium
- $10,000 bond: $120 premium
- $20,000 bond: $240 premium
- $20,001+ bond: Requires underwriting
If your bond amount is greater than $20,000, underwriters will review your application to determine your rate. Qualified applicants often pay 1.2–4%, of the bond amount. Apply now to get an exact quote.
How Do SAG-AFTRA Talent Agency Bonds Work?
These bonds bind a talent agent, SAG-AFTRA and a surety provider in a mutual contract that indemnifies media professionals from any damages caused by wrongful actions of a talent agent.
If an actor, musician, writer or other media professional is harmed, they can file a claim against the bond. The surety will pay out valid claims up to the full bond amount then seek reimbursement from the agency.
Note: In some states, you may have to post a separate talent agency bond along with a SAG-AFTRA surety bond to create a total coverage amount of at least $20,000.
How Do I Get a SAG-AFTRA Surety Bond?
SuretyBonds.com provides every client with a fast, easy and accurate bonding process. You can buy most SAG-AFTRA talent agency bonds instantly online. Just select your bond amount, enter your information, and checkout in minutes.
If your bond requires an application, submit a request form to receive a free quote within one business day. Then, you can purchase the bond online at your convenience.
We'll mail you to the official bond form via your preferrred shipping method. Be sure to file the bond with the Screen Actors Guild-American Federation of Television and Radio Artists to become officially bonded.
