Alabama Cosmetology and Barbering School Bond Guide
If you’re opening a cosmetology or barbering school in Alabama, you’ll need this surety bond.
Bond Overview
- Purpose: To guarantee beauty schools follow licensing rules and protect tuition-payers
- Who Needs It: Cosmetology or beauty school owners
- Regulating Body: The Alabama Board of Cosmetology and Barbering
- Required Coverage: $50,000
- Premium Rate: Typically $500, credit-based
Learn all about the bond requirements and process in this guide.
What Is an Alabama Cosmetology and Barbering School Bond?
An Alabama cosmetology and barbering school bond guarantees that schools fulfill their regulatory obligations and protect prepaid tuition funds if a school goes out of business.
The Alabama Board of Cosmetology and Barbering requires this bond as part of the licensing process for all new school owners in the state.
How Much Do Beauty School Bonds Cost in Alabama?
$50,000 Alabama cosmetology and barbering school bonds typically cost $500. Exact rates vary based on personal credit score. Apply for your free quote now!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Do I Get My Bond?
SuretyBonds.com provides the fastest and easiest way to get an Alabama cosmetology and barbering school bond. Just follow these quick steps:
- Apply: Submit an online quote request form
- Quote: Receive your quote within one day
- Sign: Complete the indemnity agreement
- Buy: Purchase the bond online 24/7
We’ll email you the bond shortly after purchase. Be sure to file the bond with the Board as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does an Alabama Cosmetology and Barbering School Bond Work?
As with all surety bonds, a cosmetology and barbering school bond creates a legal contract between three parties:
- Principal: You, the cosmetology and barbering school owner(s) filing the bond
- Obligee: The Alabama Board of Cosmetology and Barbering requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding all license regulations and student contracts.
If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you are ultimately responsible for refunding the surety.
How Do I Renew My Bond?
These bonds expire annually. To renew your cosmetology and barbering school bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.
