Maryland Pharmacy Wholesaler | $50,000 Pharmacy Wholesaler Surety Bond

Also known as: pharmacy wholesaler bond

Type of Bond

A Maryland pharmacy wholesaler bond is a type of surety bond required for businesses engaged in the wholesale distribution of prescription drugs and controlled substances in the state of Maryland. The bond serves as a financial guarantee that the bonded pharmacy wholesaler will comply with the laws, regulations, and licensing requirements governing the distribution and sale of pharmaceutical products. The purpose of the bond is to protect public health and safety by ensuring that pharmacy wholesalers operate with integrity, professionalism, and in compliance with established guidelines. It provides assurance that the bonded wholesaler will fulfill their obligations, handle pharmaceutical products responsibly, and follow the necessary procedures for storage, handling, and distribution. By obtaining the bond, the pharmacy wholesaler agrees to adhere to the requirements set forth by the Maryland Board of Pharmacy or other relevant regulatory authorities. This may include obtaining the necessary licenses and permits, maintaining proper storage conditions, complying with record-keeping and reporting requirements, and following guidelines for the handling and disposal of controlled substances. If the bonded pharmacy wholesaler fails to meet their obligations or violates the terms of the bond agreement, a claim can be filed against the bond. This allows the Maryland Board of Pharmacy or other affected parties to seek financial compensation for any damages, losses, or non-compliance issues resulting from the wholesaler's actions. The bond amount for a Maryland pharmacy wholesaler bond is typically determined based on the specific requirements set by the regulatory authority. It may vary depending on factors such as the volume of pharmaceutical products distributed, the value of the products, and the specific bond requirements in Maryland. Pharmacy wholesalers should consult with the Maryland Board of Pharmacy or a surety bond provider to understand the specific bond requirements applicable to their operations and to obtain the necessary bond coverage.


Program

The price you'll pay for your $50,000 Pharmacy Wholesaler 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 $50,000 Pharmacy Wholesaler 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 $50,000 Pharmacy Wholesaler 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 Pharmacy Wholesaler Bond Application process.

The Maryland Pharmacy Wholesaler Bond amount is currently set at  $50,000.

Obligee Information

An obligee is the entity that is requiring you to have the Pharmacy Wholesaler bond.

Obligee: State Of Maryland Board Of Pharmacy
Street: 4201 Patterson Ave
State: Maryland
Zip: 21215