Alabama Cosmetology School Bond

Alabama Cosmetology School Performance Bond

The Alabama Board of Cosmetology and Barbering requires a $50,000 Cosmetology School Performance Bond for cosmetology schools to receive their license. The bond guarantees that cosmetology students will not be lured into paying for an education that they do not receive because the school has closed.

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A highlight of Jet Insurance Company is that you are buying directly from the carrier providing your bond, trimming off unnecessary third parties like brokers and agents.

What Is the Lowest Price for the Cosmetology School Bond?

The Cosmetology School Bond starts at just $50 per month with Jet, with annual terms starting at $500. Rates are determined through a personal credit check (don’t worry, it’s not a hard inquiry) and vary according to credit standing. The chart below shows the prices at different terms at a preferred credit tier.

Bond TermCost
Monthly$50
1 Year$500
2 Years$875
3 Years$1,250
Alabama Cosmetology School Bond Cost

Jet cuts out the middleman from the bonding process just like dead ends, making the whole process shorter, smoother, and healthier.

Why Is the Cosmetology School Bond Required?

The Board of Cosmetology and Barbering exists to enforce regulations that protect the public from malpractice in the cosmetology and barbering industry — including schools for cosmetology, esthetics, barbering, waxing, manicures, and natural hair styling. The Cosmetology School Bond provides reassurance to the Board that you, the cosmetology school, will return any unearned tuition to your students if the school closes, making sure you are performing according to the Code of Alabama 1975 and not cheating people out of their money.

How Does to Apply for the Cosmetology School Bond With Jet

Applying for a Cosmetology School Bond is quick with Jet! Simply click the button below to begin your application. You will be guided through the application, inputting business and personal information (like a social security number for the soft credit check). After a few minutes, you will arrive at the end of the application with a quote for your bond that is ready to purchase. Once you check out, you will receive an email with a receipt and a digital copy of the bond for you to keep.

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Can Jet File the Cosmetology School Bond for Me?

Yes! After your purchase, Jet will prepare the Cosmetology School Bond and send it directly to the Alabama Board of Cosmetology and Barbering. If, for some reason, you need to file the bond yourself, you can choose that option during checkout and provide a mailing address.

Once you have the original bond (and any other paperwork) ready, you must mail it to:

State of Alabama Board of Cosmetology and Barbering
P.O. Box 301750
Montgomery, AL 36130-1750

Can I Cancel My Cosmetology School Bond and Get a Refund?

Yes! With Jet, if you purchased your bond in an annual or multi-year term, you can receive a refund for cancelling your Cosmetology School Bond before it is due for renewal. Once you have sent a written request to Jet (email is fine; send it to [email protected]), our team will notify the Board of Cosmetology and Barbering of the cancellation and they will begin the 60-day cancellation period. Any time left on the bond after the cancellation period has ended will be calculated into your refund. 

With monthly payments, you will still be charged during the 60-day cancellation period. Once the cancellation period is complete, payments will be stopped.

How Do I Renew the Cosmetology School Bond in Alabama?

When it is time to renew your Cosmetology School Bond, Jet will send a notice through mail and email ahead of your renewal date. Once you make payment (online or by mail), your bond will keep going for the new term!

Monthly payments are even easier — if you keep making payments, your bond will stay in effect until cancellation is requested.

How Does a Cosmetology School Avoid Bond Claims?

The best way to understand how to avoid claims on your Cosmetology School Bond is to know what causes them in the first place. In the Code of Alabama Section 34-7B-26, it clearly states that the bond is used to protect students when the cosmetology school closes. Additional clarification is found on the bond form itself, indicating that any unearned tuition should be returned to students following closure. So, as long as you refund unearned tuition to students when you close the cosmetology school before the education has been completed, there is no viable reason for you to receive claims.

If you receive any complaints regarding the lack of refund, it is in your best interest to address those right away and make sure that you provide the refund. An unresolved complaint may lead to a claim on the bond, and if it is valid, you will still end up paying for the refund and potentially additional fees.

What Happens if I Get a Cosmetology School Bond Claim?

If you receive a claim against your Cosmetology School Bond, Jet will look into it and search for the truth. If you have any evidence to defend yourself, such as proof of refund, you should submit it to Jet. 

If the claim proves to be valid, Jet is obligated to reimburse the students for their tuition. Any payout from the bond is an extension of your own credit and you are responsible for reimbursing Jet.

Alabama Cosmetology School Performance Bond Form

Notary Bond Application:

X

Business Information:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Employee Dishonesty Bond Application:

Business Information:

Business Description:

Coverage Requirements:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Contract Bond Application:

X

Business Information:

Owner Information:

Job Details:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Worker's Compensation Application:

X

Business Information:

Business Description:

Coverage Requirements

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information: