California Third Party Logistics Provider Bond Guide
If you’re applying for a third party logistics provider license in California, you’ll likely need this surety bond.
Bond Overview
- Purpose: To ensure payment of any administrative fines or costs owed to the Board of Pharmacy
- Who Needs It: Third party logistics providers in California
- Regulating Body: The State Board of Pharmacy
- Required Coverage: $25,000 or $90,000
- Premium Rate: 2–10%, credit-based
Learn all about the bond requirements and process in this guide.
What Is a California Third Party Logistics Provider Bond?
A California third party logistics provider bond ensures that providers will pay all administrative fines and fees owed to the State Board of Pharmacy.
It also holds logistics providers financially responsible for upholding all state laws and license regulations.
How Much Do Third Party Logistics Provider Bonds Cost?
California third party logistics provider bonds cost a small percentage of the required coverage amount, typically 2–10%.
For example, with strong credit you might pay $1,800 for the $90,000 bond. 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.
Who Needs a Third Party Logistics Provider Bond?
The California State Board of Pharmacy requires this bond as part of the licensing process for third party logistics providers and nonresident third party logistics providers of pharmaceuticals.
The Board requires a $90,000 bond unless your annual gross receipts are $10,000,000 or less, in which case the bond can be $25,000 instead.
How Do I Get My Bond?
SuretyBonds.com provides the fastest and easiest way to get a California third party logistics provider 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 mail you the bond via your preferred shipping method. Be sure to file it with the Board as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a California Third Party Logistics Provider Bond Work?
A third party logistics provider bond creates a legal contract between these three parties:
- Principal: You, the third party or nonresident logistics provider filing the bond
- Obligee: The State Board of Pharmacy requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding all applicable provisions of Section 4162 of the California Business and Professions Code.
If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you must ultimately refund the surety.
How Do I Renew My Bond?
These bonds expire annually. To renew your third party logistics provider bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.
