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Telephone Solicitation Bond

A Telephone Solicitation Bond is required by some municipalities for anyone engaged in the sale of merchandise or services through the use of phones and automatic telephoning systems on behalf of their business. These bonds ensure compliance with local and state laws and regulations. The bond amount will vary according to the municipality the principal. The bond is designed to protect the municipality against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws.

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