Angier Peddler Bond: A Comprehensive Guide
This guide provides information for insurance agents to help their customers obtain an Angier Peddler Bond
At a Glance:
- Lowest Cost: $100 per year or $10 per month
- Bond Amount: $5,000
- Who Needs it: All peddlers, solicitors, and itinerant merchants operating in Angier, North Carolina
- Purpose: To ensure the public will receive compensation for any damages if the peddler, solicitor, or merchant violates the terms of their permit
- Who Requires the Bond: The Town of Angier
Angier Municipal Code 9-65 requires all peddlers, solicitors, and itinerant merchants operating in the town to obtain a permit before conducting business. The town council enacted the permit requirement to ensure that these persons engage in ethical business practices. To provide financial security for the enforcement of the permitting law, peddlers, solicitors, and itinerant merchants must purchase and maintain a $5,000 surety bond to be eligible for a permit.
What is the Purpose of the Angier Peddler Bond?
Angier requires peddlers, solicitors, and itinerant merchants to purchase a surety bond as part of the application process to obtain a permit. The bond ensures that the public will receive compensation for financial harm if the permittee fails to comply with the regulations set forth in Angier Municipal Code 9-68. Specifically, the bond protects the public in the event the peddler, solicitor, or merchant fails to provide any goods that have been paid for. In short, the bond is a type of insurance that protects the public if the permit holder acts unethically.
How Can an Insurance Agent Obtain an Angier Peddler Surety Bond?
BondExchange makes obtaining an Angier Peddler bond easy. Simply login to your account and use our keyword search to find the “peddler” bond in our database. Don’t have a login? Gain access now and let us help you satisfy your customers’ needs. Our friendly underwriting staff is available by phone (800) 438-1162, email or chat from 7:30 AM to 7:00 PM EST to assist you.
At BondExchange, our 40 years of experience, leading technology, and access to markets ensures that we have the knowledge and resources to provide your clients with fast and friendly service whether obtaining quotes or issuing bonds.
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Is a Credit Check Required for the Angier Peddler Bond?
No, a credit check is not required for the Angier Peddler bond. Because the bond is considered relatively low risk, the same low rate is offered to all peddlers, solicitors, and itinerant merchants operating in the town, regardless of their credit history.
How Much Does the Angier Peddler Bond Cost?
The Angier Peddler bond costs just $100 per year or $10 per month.
Who is Required to Purchase the Bond?
Angier requires peddlers, solicitors, and itinerant merchants to purchase a surety bond as a prerequisite to obtaining a business permit. To paraphrase Angier Municipal Code 9-61, a peddler is a person that travels from place to place selling goods or who sells goods from a vehicle, a solicitor is a person that travels from place to place taking orders for goods or services that will be delivered/provided at a later date, and an itinerant merchant is a person that temporarily exhibits and sells goods within the town.
Exemptions to this definition include:
- Tax-exempt churches, civic and charitable organizations
- Children under the age of 18 seeking donations for school activities
- Vendors at special events
- Seasonal Christmas tree, pumpkin, or locally grown produce sales
BondExchange now offers monthly pay-as-you-go subscriptions for surety bonds. Your customers are able to purchase their bonds on a monthly basis and cancel them anytime. Learn more here.
How do Peddlers Apply for a Permit in Angier?
Peddlers, solicitors, and itinerant merchants in Angier must navigate several steps to secure a permit. Below are the general guidelines, but applicants should refer to the application form for details on the process.
Permit Term – All Angier Peddler, Solicitor, and Itinerant Merchant Permits are valid for a maximum period of 10 days from the date of issuance
Step 1 – Purchase a Surety Bond
Peddlers, solicitors, and itinerant merchants must purchase and maintain a $5,000 surety bond
Step 2 – Complete the Application
55 N Broad Street W
Angier, NC 27501
Peddlers, solicitors, and merchants must complete the application in its entirety and pay all applicable fees.
How do Angier Peddlers Renew Their Permits?
Peddlers, solicitors, and itinerant merchants that wish to renew their permits can do so in person by visiting the town hall at the following address:
55 N Broad Street W
Angier, NC 27501
All Angier peddler, solicitor, and itinerant merchant permits are valid for a maximum period of 10 days from the date of issuance and can be renewed twice in a single calendar year.
What are the Insurance Requirements for Peddlers in Angier?
Angier does not require peddlers, solicitors, or itinerant merchants to purchase any form of liability insurance as a prerequisite to obtaining a permit. However, peddlers, solicitors, and itinerant merchants must purchase and maintain a $5,000 surety bond.
How Do Angier Peddlers File Their Bonds?
Peddlers, solicitors, and itinerant merchants should email their completed bond forms, including the power of attorney, to [email protected] or drop them off at the town hall at:
55 N Broad Street W
Angier, NC 27501
The surety bond requires signatures from both the surety company that issues the bond and from the permittee. The surety company should include the following information on the bond form:
- Legal name and permit classification of the entity/individual(s) buying the bond
- Surety company’s name and state of incorporation
- Entity requiring the bond
- Date the bond goes into effect
- Date the bond is signed
What Can Angier Peddlers do to Avoid Claims Against Their Bonds?
To avoid claims against their bonds, peddlers, solicitors, and itinerant merchants must follow all permit regulations in the town, including some of the most important issues below that tend to cause claims:
- Provide all goods and services that have been paid for
- Do not sell faulty merchandise
- Provide refunds for all faulty products requested within 30 days from the date of delivery
What Other Insurance Products Can Agents Offer Peddlers in Angier?
Angier does not require peddlers, solicitors, or itinerant merchants to purchase any form of liability insurance. However, permittees may choose to purchase this insurance anyway. Bonds are our only business at BondExchange, so we do not issue any other types of insurance, but our agents often utilize brokers for this specific line of business. A list of brokers in this space can be found here.
How Can Insurance Agents Prospect for Angier Peddler Customers?
Angier unfortunately does not provide a public database of active peddlers, solicitors, or itinerant merchants in the town. We suggest contacting the town directly to obtain this information. Contact BondExchange for additional marketing resources. Agents can also leverage our print-mail relationships for discounted mailing services.