Warehouse bonds protect the customers of warehouse operators. They guarantee accurate tracking and monitoring of all transactions at the warehouse. If the customer suffers any damage due to the actions of the warehouse operator, the bond ensures proper compensation for the harmed parties.
Businesses that are in charge of keeping goods in storage facilities often need to post a warehouse bond to comply with state or federal regulations. The bond requirement is a part of the licensing process for warehouse operators. There is no set bond amount nationwide, so the specific bond details vary.
As a national bond broker with a full line of commercial surety bonds, Allstar Surety makes applying for a warehouse bond easy. We’ll help your insured obtain a warehouse bond from us quickly, and at a competitive price.