Alabama $2,500 Private School Agent Bond
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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!
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) 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 one 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 one 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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