A Professional Service Bond is a type of License & Permit bond that ensures that professional service providers comply with state regulations and act ethically in their business dealings.
Protects clients from financial loss due to unethical or fraudulent practices by professional service providers.
May be required by state governments, industry organizations, or clients for professional service providers to operate legally and maintain professional standards.
Applicant’s personal or business information, credit history, bond amount, and professional service license details.
Based on credit history and bond amount, usually 1-5% of the bond amount.
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