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Alabama Private School Agent Bond

How much does a private school agent bond cost in Alabama?

The Alabama Department of Postsecondary Education requires private school agents to post $2,500 surety bonds prior to conducting business.

These bonds are subject to underwriting consideration, but qualified applicants could pay as low as $100. Request your free surety bond quote now!

Bond Type Bond Amount Cost*
Private School Agents Bond $2,500 Starts at $100 Apply Now
*The bond premium rate quotes provided to you through this website are for pricing comparisons and quotation estimate purposes only. The bond rate quotes provided are based on general assumptions that may or may not be applicable to you and are subject to change at any time. These rate quotes do not constitute an offer of insurance, nor is any contract, agreement, or bond coverage implied, formed or bound by the provision of rate quotes. Bondability, final bond premium rate quotes and an offer of insurance, if any, will be determined by the insurance company providing your bond. You must contact us directly to obtain a quote for binding purposes.

If you’re ready to get bonded quickly, easily and accurately, give us a call at 1 (800) 308-4358, or submit a bond request now!

Why do I need this bond?

Alabama private school agents surety bonds protect any student who suffers loss as a result of a principal’s (private school’s) breach of contract, fraud or other violation of any obligation due to a student pursuant to section 16-46-1 through 10 of the Alabama Code.

If the principal violates these terms, the surety will reimburse harmed parties for any damages up to the full bond amount ($2,500), and the principal must reimburse the surety for any damages paid out.

We can provide your free, no-obligation surety bond quote within 1 business day of submitting your application. Get started now!

What’s the fine print?

Private school agent bonds in Alabama remain in full force and effect. The principal’s permit lasts for 1 year, but the bond remains continuous until canceled. The surety can cancel the bond by giving written notice of cancellation to the Department of Postsecondary Education at least 30 days prior to the effective cancellation date.

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Private School Agents Bond form

Alabama Department of Postsecondary Education

State Regulations of Private Schools

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