This surety bond is required by the State of Alabama Board of Auctioneers. The $10,000 bond is used to help protect against any misconduct by an auctioneer, including misrepresentation of items being auctioned and substitution of goods. The bond guarantees the recovery of fines and fees levied by state regulators for the auctioneer’s non-compliance with the provisions of the Code of Alabama Chapter 34-4. Typically, the premium on this bond is as low as 1% with the submission of a completed application.
To Attain an Alabama Auctioneer Bond:
- Complete an online application.
- One of our expert commercial surety agents will call and email you with the firm quote and an agreement to sign.
- Provide payment and your signed agreement, then you will receive your bond!
** all bonds are subject to the underwriting terms and conditions of the issuing company.