FOR ALL YOUR SURETY BOND NEEDS.
View all of the Alabama Surety Bond products that we offer at Single Source Insurance. This includes those for Birmingham, Mobile, Montgomery, Huntsville, and all others. Find Dealer Bonds required by the AL department of Revenue, Mortgage Bonds, Court Bonds and more. Simply fill out an application with our Alabama bonding company online, and you'll receive a quick turnaround!
Beginning January 1, 2020 all new retailers (this includes those that need to renew an expire or cancelled license) looking to get a license for sales tax must purchase a 1 time 2 year surety bond in the amount of $25,000.
Any licensee who does not comply with the remittance or collection of sales tax after January 1, 2020 will also be required to purchase a 1 time 2 year surety bond in the actual amount of the sales tax liability for the 3 months following the non-compliance.
These bonds are required by the Alabama Department of Revenue.
For this type of bond, we require a simple application (Click Apply) that the underwriters will review and determine a premium based on personal credit and other information provided. Please make sure you list all owners on the application.
The actual price of the bond will be a percentage of the required $25,000 surety bond. These surety bonds are based on personal credit so the better your credit, the better the premium (or rate). This will be a total cost for the required 2 year term. Financing may be available.
