Massachusetts Public Warehouseman Bond Guide
If you’re applying for a public warehouseman license in Massachusetts, you’ll likely need this surety bond.
Bond Overview
- Purpose: To ensure the safety of goods being stored
- Who Needs It: All licensed public warehousemen in Massachusetts
- Regulating Body: The Division of Professional Licensure, Office of Public Safety and Inspections
- Required Coverage: $10,000
- Premium Rate: $100 for a 1-year term
Learn all about the bond requirements and process in this guide.
What Is a Massachusetts Public Warehouseman Bond?
A Massachusetts public warehouseman bond is a licensing requirement for anyone providing warehousing for goods or merchandise.
The bond amount can be used to repay customers if any items in storage are damaged or missing.
How Much Do Public Warehouseman Bonds Cost?
A $10,000 Massachusetts public warehouseman bond costs a flat rate of $100 for a 1-year term. Or, you can save 25% by selecting a multi-year term.
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SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
Who Needs a Public Warehouseman Bond?
The Division of Professional Licensure, Office of Public Safety and Inspections requires this bond as part of the licensing process for public warehousemans in the state.
This includes any person who provides storage for goods, wares and merchandise as a business.
How Do I Get My Bond?
With SuretyBonds.com, you can buy your Massachusetts public warehouseman bond instantly online. Just enter your information and checkout in minutes.
We’ll email you the bond shortly after purchase. Be sure to file it with the Office of Public Safety and Inspections as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a Massachusetts Public Warehouseman Bond Work?
A public warehouseman bond creates a legal contract between these three parties:
- Principal: You, the public warehouseman filing the bond
- Obligee: The Division of Professional Licensure, Office of Public Safety and Inspections requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding the provisions of Chapter 105 of Massachusetts General Laws.
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 public warehouseman bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.