FOR ALL YOUR SURETY BOND NEEDS.
Single Source Insurance is a leading provider of New York State bonds. Apply for a NY Surety Bond today! We offer a full range of bonds, including Surety Bonds, Fidelity Bonds, garage liability and more. Even if you do not see the bond you are looking for, we likely have it. Contact us for a full list if you don't see what you need.
New York City requires process servers to become licensed as individuals or agencies and get a surety bond�as part of the process. Individual process servers deliver five or more legal documents on behalf of a lawyer each year. Agencies must become licensed if they plan to assign, distribute, or deliver process to servers for actual service. �
The individual New York City process server license requires $10,000 of surety bond coverage. Principals pay a percentage of the coverage amount, with the bond premium depending on the applicant’s personal credit history. Premiums usually range from 1-10% of the total bond amount�in this case, from $100-$1,000.
New York City process server agency licensees need a $100,000 surety bond. Agencies should ensure they have obtained the proper business licenses before applying for a process server license or surety bond. Principals should expect to pay a similar percentage of the bond penalty, anywhere from $1,000 to $10,000.
Premiums may fall outside the usual range and are determined on a case-by-case basis. Those with good credit should expect to pay a lower bond premium.�If your credit isn’t the best, don’t worry! Single Source Insurance can work with you to get the best rate.
Process server individuals and agencies obtain this surety bond as a promise that they will adhere to applicable laws in the New York City Administrative Code (see “Need more information?” for a link to the regulations). If a server or agency’s unlawful business practices cause financial damage to a consumer, the bond provides a means for recourse.
New York City process servers are licensed through the city’s�Department of Consumer Affairs (DAC). The DAC provides thorough checklists of the documentation and fees applicants must submit, both for individuals and agencies. Applicants can choose to apply online or in person. Visit the surety bond blog and�read our post on how to get licensed to learn more.
