A collection agency bond is required by the State of Arizona as a prerequisite for a collection agency to be able to legally conduct business in Arizona.
A collection agency bond is required by the State of Arizona as a prerequisite for a licensed collection agency to legally conduct business in Arizona. The bond guarantees that any person injured by the wrongful act, default, fraud, or misrepresentation of the collection agency licensee or his employees is protected.
Any applicant for a license to legally operate a collection agency in Arizona is required by State of Arizona statutes to obtain a bond.
Colonial offers the direct and digital way to obtain an Arizona collection agency bond. We are the insurance company — which means no agent, no broker, and no middleman. We make it easy to obtain your bond instantly. The steps are simple — get a quote online, fill out your information, and enter your payment method. Print your bond from your home or office. It’s that simple!
An Arizona collection agency bond is reasonably priced and easy to obtain. You may notice that with other insurance agents and middlemen companies, your premium rate will fluctuate and include additional hidden fees and costs. Colonial offers our lowest possible rate. Premium is based on the amount of the bond required by the applicable government agency.
It is important to understand how surety bonds work, and who is the insurance company issuing your bonds. It is easy to obtain an Arizona collection agency bond 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.