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Health Club Bonds
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.
Recent Health Club Related Articles:
Health Spas/Health Clubs Bond State Requirements
| Bond | Required By | Bond Form Version | Application |
|---|---|---|---|
| District of Columbia Health Spa Bond | Dept of Consumer & Regulatory Affairs | D.C. Law 5-138 | APPLY NOW |
| Florida Health Studio Bond | Dept of Agriculture and Consumer Services | DACS-10300E (Revised 08/10) | APPLY NOW |
| Kentucky Health Club Bond | Attorney General Division of Consumer Protection | APPLY NOW | |
| Maryland Health Club Bond | Consumer Protection Division | § 14-12B-02(e) | APPLY NOW |
| Massachusetts Health Club Bond | Massachusetts Attorney General | 000624 Rev. 12/00 | APPLY NOW |
| Michigan Massage Establishment License Bond | City of Southfield | January 19, 1987-PLP | APPLY NOW |
| Minnesota Health, Dating or Buying Club Bond | State of Minnesota | APPLY NOW | |
| Missouri Health Club License Bond Bond | Office of Consumer Protection | APPLY NOW | |
| Missouri Health Club Bond | Office Consumer Protection | APPLY NOW | |
| New Jersey Health Club Bond | Division of Consumer Affairs | P.L. 1987, c. 238 | APPLY NOW |
| New York Health Club Bond | Division of Licensing Services | DOS-1536-a (Rev. 11/11) | APPLY NOW |
| Oklahoma Health Spa Bond | Dept of Consumer Credit | Rev. 7/1/2004 | APPLY NOW |
| Oklahoma HEALTH SPA REGISTRATION Bond | Oklahoma Department of Consumer Affairs | No: 73-6017987- Revised 7/1/2004 | APPLY NOW |
| Pennsylvania Health Club Bond | Bureau of Consumer Protection | P.L. 672, 73 P.S. 2171 | APPLY NOW |
| Rhode Island Health Club License Bond | Attorney General Office | $10K | APPLY NOW |
| Tennessee STATE OF TENNESSEE – HEALTH CLUB SURETY Bond | State of Tennessee Dept of Commerce & Insurance | $25K 47-18-301 | APPLY NOW |
| Texas Health Spa Bond | Secretary of State | Form #3002 (Rev. 03/2009) | APPLY NOW |
| Utah Health Spa Surety Bond | Dept of Commerce, Division of Consumer Protection | 06/2010 | APPLY NOW |
| Virginia Health Spa Bond | Dept of Agriculture and Consumer Services | OCA-34 Rev. 04/14/00 | APPLY NOW |
| West Virginia Health Club Bond | Office of the Attorney General | APPLY NOW | |
| Wisconsin Fitness Center Bond | Dept of Agriculture/Trade and Consumer Protection | 12/05, $25K | APPLY NOW |
