Arizona Collection Agency Bond
May 20, 2015
Because of Merchants Bonding Company’s common sense approach to underwriting, our opinions on underwriting requirements for specific commercial bonds may change over time. Due to consistently low loss ratios, we recently changed the Arizona Collection Agency Bond from Class 4 to Class 3, no longer requiring financial statements for issuance. Only a signed application, including business and personal indemnity, along with a clean credit report are needed for underwriting this bond.
Bond amounts are $10,000, $15,000, $25,000 or $35,000 based on the gross annual income from the previous year. The premium rate is $10 per thousand or 1%. Log in to our agent portal to apply for the bond.