|$20,000 - Recycler
|Starting as low as $125
|$25,000 - Wholesale
|Starting as low as $150
|$100,000 - New and Used
|Starting as low as $500
Get your free, no-obligation quote within 24 hours or less. Apply online now! The AZ Motor Vehicle Dealer Bond requires a personal credit check for approval and pricing. Call (800) 764-7233 to get your bond today!
We understand that many of you are living with less than perfect credit, do not let bad credit stop you from getting the bond you need! Bond911 can approve 99% of all applicants despite low credit scores and other financial restrictions. Bond911 works with the nation’s top bonding companies and we have exclusive underwriting programs for bad credit to provide approval of AZ Motor Vehicle Dealer Bond needs.
According to Employee Retirement Income Security Act (ERISA), every fiduciary of an employee benefit plan and every person who handles funds of such plan shall be bonded in an amount equal to 10% of the funds handled (subject to a maximum of $500,000 or $1,000,000 when employer securities are included). If the plan includes non-qualifying assets, the bond amount is the greater of 10% of plan assets being handled or the value of the non-qualifying assets, whichever is greater (subject to limits stated above).
If the money manager who works directly for the retirement plan mismanages funds, the bond will hold that individual liable for losses. The bond amount can then be used to reimburse individuals for funds lost as a result of the fiduciary’s financial mismanagement. As such, a fiduciary’s bond amount must be reviewed and updated annually as the plan’s assets change.
ERISA surety bonds are not required for SEC-registered brokers and dealers that are subject to fidelity bond mandates of their own regulatory agency or organization.
A company who hires housekeepers, maid services, or residential cleaning services, may wish to have this bond in place to cover any acts of dishonesty or theft possibly made by that employee. With this bond in place, you not only will protect your business, but also your customers from losses that may incur as a result of theft committed by unethical employees.