North Carolina Barber School Bond Guide
If you’re applying for a barber school license in North Carolina, you’ll need this surety bond.
Bond Overview
- Purpose: To ensure that barber school follow licensing rules and protect tuition-payers
- Who Needs It: All barber school in North Carolina
- Regulating Body: The State Board of Barber Examiners
- Required Coverage: $10,000–$100,000 based on tuition volume
- Premium Rate: 1–10% based on credit score
Learn all about the bond requirements and process in this guide.
What Is a North Carolina Barber School Guaranty Bond?
A North Carolina barber school bond guarantees that schools will fulfill their regulatory obligations and protect prepaid tuition funds if a school goes out of business.
Your bond coverage must equal the maximum amount of prepaid tuition held at any time during the last fiscal year.
How Much Do Barber School Guaranty Bonds Cost?
North Carolina barber school bonds cost a small percentage of the required bond amount, typically 1–10%.
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 Barber School Guaranty Bond?
The North Carolina Board of Barber and Electrolysis Examiners requires a surety bond as part of the licensing process for all barber school owners in the state.
How Do I Get My Bond?
SuretyBonds.com provides the fastest and easiest way to get a North Carolina barber 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 North Carolina Barber School Guaranty Bond Work?
As with all surety bonds, a barber school bond creates a legal contract between three parties:
- Principal: You, the barber school owner filing the bond
- Obligee: The Board of Barber and Electrolysis Examiners requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding the provisions of North Carolina General Statutes Chapter 86A.
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 barber school bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.