Auctioneer Surety Bonds are required to help protect against any misconduct. They protect the buyer’s bids/purchases. Auctioneer surety bonds protect against any sort of misrepresentation of items auctioned and any substitution of goods. The bond guarantees the recovery of fines, expenses and/or fees levied by state regulators for non-compliance of the auctioneer.
Unlike insurance the bond is in place to protect the public from you. If there is a claim placed on your bond and you are found at fault the surety company will pay out, however, you will have to pay them back. This bond is fairly easy to obtain, all we need is a filled out application and we can get you a free quote right away.
Surety1 has access to the best surety markets available so we will be able to get you bonded quickly at the best possible price!