Massachusetts Proprietary School | $15,000 Proprietary School Surety Bond
Also known as: proprietary school bond
Type of Bond
A Massachusetts proprietary school bond is a type of surety bond required by the Massachusetts Department of Elementary and Secondary Education for proprietary schools operating within the state. It serves as a financial guarantee that the bonded school will comply with state laws, regulations, and ethical standards when providing educational services. The purpose of the proprietary school bond is to protect students and ensure that the bonded school operates with integrity, professionalism, and adherence to industry standards. It provides recourse for students who may suffer financial harm or damages resulting from school closure, program discontinuation, or violations committed by the bonded school. By obtaining the bond, the bonded proprietary school agrees to fulfill their obligations, which may include providing quality education, maintaining appropriate licenses and accreditations, meeting curriculum requirements, and complying with all applicable laws and regulations. If the bonded school fails to meet these obligations or violates the terms of the bond agreement, a claim can be filed against the bond, allowing affected students to seek financial compensation for damages or losses. The proprietary school bond is typically obtained through a surety bond company. The surety bond company assesses the financial stability and credibility of the bonded school before issuing the bond. The bond amount is determined by the Massachusetts Department of Elementary and Secondary Education and may vary based on factors such as the size of the school, the number of enrolled students, and the potential financial risks associated with the school's operations. It's important to note that a Massachusetts proprietary school bond is specific to the regulations and requirements set by the Massachusetts Department of Elementary and Secondary Education. Proprietary schools in Massachusetts are required to obtain this bond to demonstrate their financial responsibility, compliance with regulations, and commitment to protecting the interests of their students.
Program
The price you'll pay for your $15,000 Proprietary School 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 $15,000 Proprietary School 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 $15,000 Proprietary School 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 Proprietary School Bond Application process.
The Massachusetts Proprietary School Bond amount is currently set at $15,000.
Obligee Information
An obligee is the entity that is requiring you to have the Proprietary School bond.
Obligee: The Commonwealth Of Massachusetts Department Of Education
Street: 350 Main Street
State: Massachusetts
Zip: 2148
If you or your business needs help in obtaining a surety bond or commercial insurance give us a call!