Maine Fed Wine | $1,000 Fed Wine Surety Bond
Also known as: wine bond
Type of Bond
A federal wine bond is a type of surety bond required by the Alcohol and Tobacco Tax and Trade Bureau (TTB) for businesses involved in the production, distribution, or importation of wine in the United States. The bond serves as a guarantee that the bonded entity will comply with all federal laws and regulations governing the wine industry. The primary purpose of a federal wine bond is to ensure the payment of federal excise taxes on wine. Wine producers, wholesalers, importers, and others in the wine supply chain are responsible for paying excise taxes to the TTB based on the volume and type of wine they handle. The bond provides financial protection to the TTB in the event that the bonded entity fails to fulfill its tax obligations. By obtaining a federal wine bond, businesses demonstrate their commitment to complying with federal regulations and meeting their tax obligations. The bond amount is determined by the TTB based on factors such as the size and nature of the business. It is important for businesses in the wine industry to maintain the required bond coverage to remain compliant and avoid penalties or legal consequences. In case of non-compliance or failure to pay excise taxes, the TTB may make a claim against the bond. If the claim is valid, the bond provides a source of financial compensation to cover the unpaid taxes or other losses incurred by the TTB. It is important for businesses in the wine industry to understand the specific requirements and obligations associated with a federal wine bond, as well as any state or local bond requirements that may apply. Compliance with all applicable laws and regulations helps maintain the integrity of the wine industry and ensures the fair and responsible production and distribution of wine in the United States.
Program
The price you'll pay for your $1,000 Fed Wine Bond is generally based on your personal credit score. Start a free online quote by just completing a simple app or by calling 888-518-8011. Our experts will walk you through a very simple process. Compare our quote as the very lowest price, and then you're good to go! It's that simple!
We provide all types of $1,000 Fed Wine Bonds. Worldwide Insurance Specialists, Inc. has "in house" underwriting authority with the largest and best Surety (Insurance) companies in the world including, Great American, Liberty Mutual, Philadelphia, Travelers, and CNA Surety. All of these surety bond companies are A-rated under the AM Best credit rating system, and T-listed with the U.S. Department of Treasury. This guarantees that by getting bonded through us, you will be provided the backing of these highly trustworthy and reliable companies.
Application
The application process for a $1,000 Fed Wine Bonds is easy! Many Bonds are INSTANT ISSUE! Easy Application, no underwriting, no credit check, no GIA required. Our NEW Desktop underwriting program provides you with a rapid approval process used to determine the degree of risk that you (the Principle) complete a project or obligation. Non-INSTANT ISSUE quotes can also get instantly approved. Submissions require very little information from you. Once you file and sign an indemnity agreement, we issue the Bond. It's that simple! We quote and issue Surety Bonds of every type and will help you through the entire process. These applications only require basic information about your business, bond type, and ownership structure. Once the application is complete, we submit to the insurance company (Surety) who will then issue your bond. Don't pay too much! Get your Bond Fast, and Easy with the best price! Click here to start the Fed Wine Bond Application process.
The Maine Fed Wine Bond amount is currently set at $1,000.
Obligee Information
An obligee is the entity that is requiring you to have the Fed Wine bond.
Obligee: Department Of Treasury Ttb Alcohol And Tobacco Tax And Trade Bureau (TTB)
Street: 550 Main Street Ste 8002cincinnati
State: Ohio
Zip: 45202
If you or your business needs help in obtaining a surety bond or commercial insurance give us a call!