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Health Club Bond
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Description: Health club bonds are required by some states for health clubs to collect fees up front. The bond protects the consumer from clubs renigging on memberships that have already been
paid for.
Current Market: Health club bonds are moderately common and are not particularly high risk in comparison to some other commercial surety bonds. However, they are not considered a low-risk bond
either. This allows for rather average commercial bond rate range for standard market applicants. The health club industry does not have drastic highs and lows, the stability of it translates into a
very static bond market for this class of business.
Special Programs: Bad Credit Surety Bond Programs are available for clients that can not obtain an approval using traditional surety underwriting. The
increased risk for the sureties brings about higher rates for the bonds, but fortunately collateral is not needed for most applicants.
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