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…
Overview
What it is.
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…
Who usually needs it
Sellers of health studio services (gyms, fitness centers, etc.) who receive prepayments for services and wish to draw on, transfer, or encumber those funds before the studio is open or to offset trust account requirements.
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.
StateCABond amountThe bond amount must be equal to or greater than the amount of money held in tr…Term lengthContinuousObligeeCalifornia Secretary of StateRenewalThe bond is continuous and remains in effect until cancelled by the surety company. Cancellation requires 30 days' written notice to the Secretary of State.Bond classLicense BondCategoryEducationBondHealth Studio Surety BondStatutory referenceCalifornia Civil Code Section 1812.98JurisdictionState
