Montana Cosmetology School Bond Guide
If you’re opening a cosmetology or barbering school in Montana, you’ll likely need this surety bond.
Bond Overview
- Purpose: To guarantee beauty schools follow licensing rules and protect tuition-payers
- Who Needs It: Cosmetology and barbering school owners
- Regulating Body: The Montana Board of Barbers and Cosmetologists
- Required Coverage: $5,000
- Premium Rate: $100–$500, credit-based
Learn all about the bond requirements and process in this guide.
What Is a Montana Cosmetology School Bond?
A Montana cosmetology school bond guarantees that schools fulfill their regulatory obligations and protect prepaid tuition funds if a school goes out of business.
How Much Do Cosmetology School Bonds Cost in Montana?
$5,000 Montana cosmetology school bonds typically cost $100. However, 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 Cosmetology School Bond?
The Montana Board of Barbers and Cosmetologists requires this bond as part of the licensing process for the following types of beauty schools:
- Barbering (chemical & nonchemical)
- Cosmetology
- Electrology
- Esthetics
- Manicuring
How Do I Get My Bond?
SuretyBonds.com provides the fastest and easiest way to get a Montana cosmetology school 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 email you the bond shortly after purchase. Be sure to file the bond 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 Montana Cosmetology School Bond Work?
As with all surety bonds, a cosmetology school bond creates a legal contract between three parties:
- Principal: You, the cosmetology school owner(s) filing the bond
- Obligee: The Montana Board of Barbers and Cosmetologists requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding the provisions of Montana Code 37-31-311.
If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you are ultimately responsible for refunding the surety.
How Do I Renew My Bond?
These bonds expire annually. To renew your cosmetology school bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.
