Jackson Port Authority Bond Guide
If you’re applying for a Port Pascagoula business license in Jackson County, Mississippi, you’ll likely need this surety bond.
Bond Overview
- Purpose: To ensure financial responsibility of licensees
- Who Needs It: Business owners applying for a Port Pascagoula license
- Regulating Body: The Jackson County Port Authority
- Required Coverage: $1,000–$250,000
- Premium Rate: $5 per $1,000, $100 minimum
Learn all about the bond requirements and process in this guide.
What Is a Jackson County Port Authority Bond?
A Jackson County, Mississippi port authority bond is required for any business servicing or doing business in connection with Port Pascagoula.
The bond demonstrates an applicant’s financial responsibility to uphold their license and repay potential damages.
How Much Do Port Authority Bonds Cost?
A Jackson County port authority bond costs a flat rate of $5 per $1,000, with a $100 minimum. Or, you can save 25% by selecting a multi-year term.
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How Do I Get My Bond?
With SuretyBonds.com, you can buy your Jackson County port authority 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 Port Authority as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a Jackson County Port Authority Bond Work?
A port authority bond creates a legal contract between these three parties:
- Principal: You, the business owner(s) filing the bond
- Obligee: The Jackson County Port Authority requiring the bond
- Surety: The provider issuing the bond
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 port authority bond, simply pay your renewal invoice when prompted.
After renewing, you’ll receive a continuation certificate to file with the as proof of ongoing coverage.