Louisiana Auctioneers Bond

A Louisiana Auctioneer Bond is a type of surety bond required by the Louisiana State Racing Commission for individuals or businesses engaged in auctioneering activities. The bond amount for Individuals is $10,000 and the amount for auction companies is $25,000. The cost of the surety bond is usually between 1% and 3% of the bond amount, subject to a minimum premium and fees of $150.

How to Get a Louisiana Auctioneer Bond

At Surety1.com we make it easy to obtain this surety bond. Our simple, three step process is:

1. Complete the easy to navigate and secure online application. ¹
2. Review the free, no obligation quote from one of Surety1’s professional surety bond agents, usually within one business day.
3. Sign some paperwork and pay the bond premium

Once these steps have been completed, the Louisiana Auctioneer Bond will be shipped to the bond applicant.
^{1 -The name of the applicant on the surety bond application must match exactly the full legal business name of applicant for the license.} 

Surety1.com is a service of AssuredPartners one of the largest and fastest growing insurance agencies in the nation. Representing over a dozen surety bond companies, Surety1.com is the premier online provider of surety bonds nationwide since 2003.

About Surety1.com
Contact Surety1

Surety Bond Term

The statute requires that the Louisiana Auctioneer Bond run concurrent with the licensing period; therefore, all bonds and subsequent continuation certificates issued must show a definitive expiration date of December 31st of a given year on the face of the bond.  Multiple year bonds are allowed as long as they comply with the December 31st ending date. A discounted rate may be available for a multi year term.

Who Needs this Bond?

In Louisiana, all individuals or businesses engaged in auctioneering activities are required to obtain a Louisiana Auctioneer Bond. This includes:

• Professional auctioneers: Individuals who conduct auctions as their primary occupation.
• Part-time auctioneers: Individuals who occasionally conduct auctions.
• Businesses that conduct auctions: Companies that hold auctions as part of their operations.

Essentially, if you are involved in any type of auction activity, you likely need a Surety Bond to comply with state regulations.