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New York Health Club Bond

How much will my bond cost?

If your business enterprise offers training for the development of physical fitness, you are required to post a surety bond. Bond amounts are based on the term length of the service contracts offered at your club. Bond amounts are as follows:

  • terms less than 12 months - $50,000 bond

  • terms between 12-24 months - $75,000 bond

  • terms between 24-36 months - $150,000

If you have 3 or more health club locations the following amounts will be added to your bond amount:

This specific bond type is subject to underwriting. This means the bond premium is determined by the financial credentials of your credit report. For a free quote on your bond, complete a bond request form.

Bond Type Bond Amount Cost by Credit Score*
680 and up 679 - 600 599 or lower
Health Club Bond contract term less than 12 months $50,000 Starts at $500 $2,000-4,000 $5,000+ Apply Now
Health Club Bond contract term between 12-24 months $75,000 Starts at $750 $3,000-6,000 $7,500+ Apply Now
Health Club Bond contract term between 24-36 months $150,000 Starts at $1,500 $6,000-12,000 $15,000+ Apply Now
*The bond premium rate quotes provided to you through this website are for pricing comparisons and quotation estimate purposes only. The bond rate quotes provided are based on general assumptions that may or may not be applicable to you and are subject to change at any time. These rate quotes do not constitute an offer of insurance, nor is any contract, agreement, or bond coverage implied, formed or bound by the provision of rate quotes. Bondability, final bond premium rate quotes and an offer of insurance, if any, will be determined by the insurance company providing your bond. You must contact us directly to obtain a quote for binding purposes.

Bad credit? No worries! Our bad credit program allows you to be bonded at the lowest rate available to your specific needs. Give us a call at 1 (800) 308-4358 or fill out our easy bond request form online to find out more.

Why do I need this bond?

By posting this bond, the principal (health club owner) guarantees to conduct business in full compliance with Article 30 of the General Business Law. If the health club goes out of business or fails to provide a new member a contract for services, the principal is obligated to indemnify all injured members.

Have a question about this bond? Contact a bond expert by submitting a bond request.

What’s the fine print?

This specific bond type will remain in full force unless canceled by the surety. If the surety chooses to cancel a bond, a written cancellation notice must be mailed to the Secretary of State 60 days prior to the deemed cancellation date.

How to start a health club in New York

For licensing information, contact the Division of Licensing Services at:

Phone: (518) 474-4429 Fax: (518) 473-648

Send the Division of Licensing Services a message.

Don’t wait to open your health club! Click here to begin your bonding process.

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Get a FREE Health Club Bond Quote Today!

Additional Resources

Division of Licensing Services Health Club Services

State of New York Department of State Bond

General Business Law Article 30: Licensing of Health Club Services

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