Health Studio Surety Bond
A Health Studio Surety Bond is required for fitness centers, gyms, and health clubs operating in California. This bond protects customers who prepay for memberships or services. If your gym closes unexpectedly or fails to provide the services customers paid for, they can file a claim against this bond to get their mon…
Essential point: Pin down whether this is your bond, then start the application. Ava can confirm the right state and license type if you are not sure.
Amounts can vary
Selected requirement: "The bond amount must be equal to or greater than the amount of money held in t…. Other available requirements: "The bond amount must be equal to or greater than the amount of money held in trust (prepaid contract funds) that the seller intends to draw, transfer, or encumber.". Exact options still depend on the obligee, state, and underwriting.
