New Jersey Cosmetology and Hairstyling School Bond Guide
If you’re opening a cosmetology or hairstyling school in New Jersey, 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 beauty school owners
- Regulating Body: The New Jersey Board of Cosmetology and Hairstyling
- Required Coverage: $10,000–$100,000
- Premium Rate: 1–10%, credit-based
Learn all about the bond requirements and process in this guide.
What Is a New Jersey Cosmetology and Hairstyling School Bond?
A New Jersey cosmetology and hairstyling school bond guarantees that schools fulfill their regulatory obligations and protect prepaid tuition funds if a school goes out of business.
How Much Bond Coverage Do I Need?
Your required bond amount will vary between $20,000 and $40,000 based on how many students are enrolled in an average week.
| Avg Weekly Enrollment | Bond Amount |
|---|---|
| 1–20 Students | $20,000 |
| 21–75 Students | $30,000 |
| 75+ Students | $40,000 |
How Much Do Cosmetology and Hairstyling School Bonds Cost in New Jersey?
New Jersey cosmetology and hairstyling school bonds cost a small percentage of the required bond amount, typically 1–10%.
For example, you could pay as low as $300 for a $30,000 beauty school 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 Cosmetology School Bond?
The New Jersey Board of Cosmetology and Hairstyling requires this bond as part of the licensing process for cosmetology and hairstyling school owners in the state.
How Do I Get My Bond?
SuretyBonds.com provides the fastest and easiest way to get a New Jersey cosmetology and hairstyling 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 New Jersey Board of Cosmetology and Hairstyling as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a New Jersey Cosmetology and Hairstyling School Bond Work?
As with all surety bonds, a cosmetology and hairstyling school bond creates a legal contract between three parties:
- Principal: You, the cosmetology and hairstyling school owner(s) filing the bond
- Obligee: The New Jersey Board of Cosmetology and Hairstyling requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding the provisions of Title 45:5B of the Revised Statutes of the State of New Jersey.
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 and hairstyling school bond, simply pay your renewal invoice when prompted.
After renewing, you’ll receive a continuation certificate to file with the New Jersey Board of Cosmetology and Hairstyling as proof of ongoing coverage.
