Surety1 Helps You Provide America With Entertainment
In 2012, The Screen Actors Guild and The American Federation of Television and Radio Artists merged to become SAG-AFTRA. Any talent agency that is franchised by the union is required to have a commercial surety bond to protect actors and other people working in film, radio, and TV.
Why do I need a SAG-AFTRA Franchised Talent Agency Surety Bond?
Talent agencies that represent members of the SAG-AFTRA Union must have a Talent Agency Surety Bond to protect their members. According to their website, SAG-AFTRA represents “approximately 160,000 actors, announcers, broadcast journalists, dancers, DJs, news writers, news editors, program hosts, puppeteers, recording artists, singers, stunt performers, voiceover artists and other media professionals.”
If you are passionate about entertainment and want to represent entertainment professionals across America who are members of this union, you must be licensed as a SAG-AFTRA Franchised Talent Agent and secure a SAG – AFTRA Franchised Talent Agency Surety Bond.
What are the Requirements and How Much Does a Surety Bond Cost?
The regulations and fee for this bond vary depending on the state in which you operate your business. There are legacy SAG and AFTRA agreements in place that require different fees and application processes. For example, if your agency is located in New York State, or California, different rules apply. SAG-AFTRA provides more information regarding the variables on their website.
Surety1’s head office is located in California, which is considered by many to be the heart of much of the entertainment industry. We have experience placing SAG-AFTRA Franchised Talent Agency Surety Bonds around the nation because we value the talent that this country produces from coast to coast.
A SAG-AFTRA Franchised Talent Agency is required to have a minimum $20,000 surety bond. However, some states have different bond requirements. Usual rates are one percent of the required bond, but this depends on factors such as your business history and personal credit.
How do I get a SAG-AFTRA Franchised Talent Agency Surety Bond?
Simply complete our online application and one of our surety experts will guide you through the process, providing you with a firm quote and an agreement. Sign the form and send it back to us with your payment, and you’ll be good to go in one of the most exciting and vibrant businesses in America!
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