Customs Broker Bond
Entities and individuals involved in transactions involving customs brokerage are required by the State of Texas to hold $5,000 surety bonds to operate within the state. An additional $1,000 worth of coverage is required for each place of business from which the customs broker intends to issue export certification forms. These bonds are subject to underwriting approval and are based on the applicant’s personal credit report. They are designed to protect the state against any unlawful, negligent, or suspicious activity in its dealings with other economies.
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