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Home Bonds Other Bonds

Other Bonds Available Through VGM Insurance

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VGM Insurance is able to provide a number of additional bonds, including, but not limited to, those listed below.

Bond TypeAmount of BondWhy Bond is Needed
DMEPOS Surety Bond - Maine Department of Health and Human Services$50KUnder new screening criteria, all enrolled DME and HHA providers, regardless of provider type, must revalidate enrollment information and purchase a surety bond at least every five years - three years for Durable Medical Equipment (DME) providers - or upon MaineCare Services’ request.
DMEPOS Surety Bond - Minnesota Health Care Programs$50K, $100K based on Medicaid receiptsAt the time of initial enrollment or reenrollment, durable medical equipment providers and suppliers must purchase a surety bond to allow for recovery of costs and fees in pursuing a claim on the bond.
License and Permit BondAs neededA contractor seeking to do work or doing work in a county or municipality may obtain a unified license and permit bond. This bond may be used by the contractor, at the contractor's discretion, instead of any other license and/or permit bond, required of a contractor by the county or municipality.
Wholesale Drug Distributor Surety Bond - Florida Department of Business and Professional Regulation$25K, $100KThis bond is required by the Florida Department of Business and Professional Regulation, and guarantees that the wholesale drug distributor will pay all fees, taxes, etc. to the jurisdiction requiring the license and follow all the guidelines for that license.
Wholesaler or Nonresident Wholesaler Surety Bond - California$100KAny applicant for initial licensure or license renewal as a wholesaler or nonresident wholesaler (any business that distributes, brokers or transacts the sale or return of dangerous drugs or dangerous devices into or within California to other wholesalers, Practitioners or pharmacies), must submit a surety bond of $100,000 made payable to the Pharmacy Board Contingency Fund.
Wholesale Drug Distributor Surety Bond - Maryland Board of Pharmacy$50KThis bond is required by the Maryland Board of Pharmacy, and guarantees that the wholesale drug distributor will pay all fees, taxes, etc. to the jurisdiction requiring the license and follow all the guidelines for that license.
License and Permit Bond - Wyoming State Board of Pharmacy$100KThis bond is required by the Wyoming State Board of Pharmacy, and guarantees that the wholesale drug distributor will pay all fees, taxes, etc. to the jurisdiction requiring the license and follow all the guidelines for that license.
Surplus Lines Broker License Surety Bond - State of California$50KA Surplus Lines Broker License surety bond, or Surplus Lines Agent License surety bond, is a license and permit surety bond required by government entities to receive a license within that jurisdiction to sell surplus lines insurance related products. This bond helps ensure the surplus lines agent operates according to applicable laws and properly accounts for premiums, taxes and fees collected on behalf of the surety companies they represent.
Representative Payee Surety Bond - Social Security Administration$100KA Representative Payee Surety Bond is a license and permit surety bond required by the Social Security Administration of the Federal Government. It is required of those who collect Social Security or Supplemental Security Income benefits on behalf of the actual beneficiary who is incapable of managing money or who has requested a payee.
Out-of-State Contractor Bond - Iowa Division of Labor$25KEach contractor with a principal place of business outside of Iowa must file a bond in order to register in the state. Having a branch office in Iowa does not exempt a contractor from the bonding requirement. The bond guarantees the contractor will pay all taxes, penalties and other monies due to the State of Iowa as a result of the work performed in Iowa.
Appeal BondBased on Financial DemandAn appeal bond, sometimes called a supersedeas bond, is required when a defendant wants to appeal an adverse judgment or order. The bond guarantees that if the defendant loses the appeal, the amount of the judgment and, in some cases, accrued interest, expenses and legal fees, will be paid.
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