What is an Airport Security Bond?
Federal inspection services areas at any airport are posted as restricted to the extent possible and are established for the purpose of prohibiting unauthorized entries or contact with persons or objects. An Airport Security Bond is required by U.S. Customs to secure compliance with all regulations governing areas to be secured. The bond is needed for out sourced service companies to enter secured areas of the airport. These bonds are needed for all employees that operate beyond security checkpoints and all companies that are working within Customs security areas.
The minimum size of an Airport Security Bond is $10,000 may vary by airport – this is based on a calculation of $1000 per each employee with Customs security area access. This could be adjusted at the discretion of the Port Director of the International Airport where the bond is filed. See Customs Form 301 for more information.
Who needs this bond?
You need this bond if you are an out sourced service such as a restaurant, coffee shop, vending machine operator, independent retail store, janitorial, custodial, housekeeping, general contractor, sub-contractor, architects, engineers, etc.
Does it matter where I get my bond?
It is important to understand how surety bonds work, and who is the insurance company issuing your bonds. It is easy to run your business when you deal direct with a quality insurance company licensed to write surety bonds. Colonial is an A (Excellent) rated insurance company by A.M. Best, that has been incorporated since 1930. We are Treasury listed, and licensed and admitted in all U.S. states and territories.