Oklahoma Cosmetology and Barbering School Bond Guide
If you’re opening a cosmetology or barbering school in Oklahoma, 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 Oklahoma Board of Cosmetology and Barbering
- Required Coverage: $2,000 plus $1,000 for each instructor employed by the school
- Premium Rate: 0.75–10%, credit-based
Learn all about the bond requirements and process in this guide.
What Is an Oklahoma Cosmetology and Barbering School Bond?
An Oklahoma cosmetology and barbering school bond guarantees that schools fulfill their regulatory obligations and protect prepaid tuition funds if a school goes out of business.
Each school needs a minimum $2,000 bond. If you employ multiple instructors, you’ll need an additional $1,000 in coverage for each instructor.
How Much Do Cosmetology and Barbering School Bonds Cost in Oklahoma?
Oklahoma beauty school bonds cost a small percentage of the bond amount, typically 0.75–10%.
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 Cosmetology and Barbering School Bond?
The Oklahoma State Board of Cosmetology and Barbering requires this bond as part of the licensing process for all cosmetology and barbering school owners in the state.
How Do I Get My Bond?
SuretyBonds.com provides the fastest and easiest way to get an Oklahoma cosmetology and barbering 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 mail you the bond via your preferred shipping method. 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 an Oklahoma Cosmetology and Barbering School Bond Work?
As with all surety bonds, a beauty school bond creates a legal contract between three parties:
- Principal: You, the beauty school owner(s) filing the bond
- Obligee: The State Board of Cosmetology and Barbering requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding the provisions of Title 175 of State Code and all license regulations.
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 on June 1. To renew your cosmetology and barbering school bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.
