Storage Facilities Bond
Serving Dallas, Fort Worth, Carrollton, Arlington, Austin, El Paso, Houston, San Antonio, Irving, Plano, Grand Prairie and throughout Texas.
State governments usually require storage facilities to be bonded and establish financial constraints for bonding. The purpose of storage facilities bonds is to protect and compensate customers who are warehousing goods in a storage facility from any losses, if the facility does not meet the terms of its contract.
A storage facilities bond is not synonymous with business insurance. It protects your customers against your possible negligent or fraudulent actions. You may face a claim on your bond if you do not fulfill your contractual obligations to your customers. If a claim on your storage facility is proven, your bond will pay the claimants. You then will be obligated to repay the amount distributed to the claimants.
Why Choose TMD Surety Bonds?
TMD Surety Bonds specializes in surety bonds. We are a licensed surety bond producer. Our staff is knowledgeable, and we make superior customer service a priority. We give you the lowest rates of any established surety company and a fast turn-around time. We are located in Fort Worth but serve the whole state of Texas. We have processed thousands of surety bonds for companies that are industry leaders, and we guarantee the accuracy of our bonds.
What Does a Storage Facility Bond Cost?
The cost of a storage facility bond, or bond premium, is a fraction of the bond amount you are required to post. Bonding rates for storage facility owners are determined by your personal credit score, business financials, professional experience, assets, and liquidity. Those with good credit will pay bond premiums that range from one to four percent of the amount of the bond. Premiums for higher risk applicants bond will range from five to ten percent of the amount of the bond.
Receive a Free Storage Facility Bond Quote for Your Business
When you are ready to purchase a storage facility bond, you can call us or submit the online form for your free, no-obligations quote. The process will take approximately 15 minutes. Our agent will then email you policy quotes that you can peruse at your convenience. You can call your agent at any time with any additional questions.
TMD Surety Bonds is known for our fast turn-around times, and we’ll help you make sure that you get the best bond rate available.