This bond is required for businesses that distribute prescription drugs to pharmacies, hospitals, and other healthcare facilities in Wisconsin. The state requires this $5,000 bond to protect the public and ensure distributors follow all laws and regulations for handling prescription medications safely. If a distributo…
Overview
What it is.
This bond is required for businesses that distribute prescription drugs to pharmacies, hospitals, and other healthcare facilities in Wisconsin. The state requires this $5,000 bond to protect the public and ensure distributors follow all laws and regulations for handling prescription medications safely. If a distributo…
Who usually needs it
Wholesale distributors of prescription drugs who apply for or hold a license under Wisconsin Statutes § 450.071 to purchase, possess, store, handle, and distribute prescription drugs to pharmacies, hospitals, or other distributors. The $5,000 bond is required for all business types including corporations, LLCs, and sole proprietorships, and covers all facil…
Pricing & timing
What to expect.
Generic pricing
License bonds are required by state and local governments to ensure compliance with industry regulations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger license bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Same-day approval is typical for many common license bonds. Some license bonds may price higher de…
Typical timeframe
Issuance timeframe varies by bond type and underwriting
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StateWIBond amount$5,000ObligeeState of WisconsinBond classLicense BondCategoryOtherBondBond of Prescription Drug Wholesale DistributorPlain descriptionThis bond is required for businesses that distribute prescription drugs to pharmacies, hospitals, and other healthcare facilities in Wisconsin. The state requires this $5,000 bond to protect the public and ensure distri…Who needs this bondWholesale distributors of prescription drugs who apply for or hold a license under Wisconsin Statutes § 450.071 to purchase, possess, store, handle, and distribute prescription drugs to pharmacies, hospitals, or other d…
