These bonds are required on a federal level and not by a specific state. Apply for a Federal Surety Bond online today. Single Source Insurance is a leading bond company serving clients nationwide. Easily apply with 24 hour or less turnarounds.
Express Scripts is requiring that pharmacies entering into a contract with the company obtain a $500,000 surety bond. The bond guarantees that pharmacies will uphold the terms of their contract with Express Scripts. This kind of bond is also called a performance bond, since it guarantees that the principal will act in accordance with their contract.
As with most bonds, the cost of an Express Scripts surety bond will vary depending on the applicant’s credit history. Applicants with good credit can expect to pay between 2% and 5% of the bond amount (in this case, anywhere from $10,000 to $25,000). Single Source Insurance can offer premiums as low as $10,000�get in touch today to see if you qualify.
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An Express Scripts surety bond is a type of performance bond required by Express Scripts for pharmacies entering into a contract with the company. This bond guarantees that the pharmacy will fulfill its contractual obligations with Express Scripts.
The bond amount is set at $500,000, which means the pharmacy must obtain a surety bond in this amount to meet the Express Scripts requirement.
The cost of the Express Scripts surety bond will depend on the applicant's credit history. Applicants with good credit can expect to pay between 2% and 5% of the bond amount, which translates to $10,000 to $25,000.
Single Source Surety can offer premiums as low as $10,000 for the Express Scripts surety bond. Interested parties should contact Single Source Surety to see if they qualify for the lower premium rate.
