This surety bond is required by the provisions set in Section 218.04 of the Wisconsin Statutes. This bond is used to ensure that a principal shall pay and turnover to or for the person, partnership, association, or corporation for whom any account, bill, or other indebtedness is taken for collection, all entitled sums. The principal shall reimburse any person, partnership, association, or corporation fees paid in advance for collection services which cannot be performed pursuant to a written agreement, and shall pay any examination or liquidation costs incurred by the Department of Financial Institutions for Wisconsin. The required bond amount varies, but regardless of the amount you need, Surety1 can provide it quickly and at a competitive price.
To Secure a Wisconsin Collection Agency Surety 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.