The City of Huntsville, Alabama requires retailers, merchants, and vendors to obtain a Retail Vendor Bond in a variable limit as a requisite of the city’s business license approval process.
Jet Insurance Company provides the Retail Vendor Bond as a tool to reassure the Huntsville Clerk-Treasurer Department that the retailer will follow the rules and regulations of their license. The surety bond also acts as a financial guarantee that the City will receive payment for all licensing fees and sales taxes due.
The Huntsville Retail Vendor Bond limit is determined by the Clerk-Treasurer upon review of the retailer’s business license application.
With Jet, the Retail Vendor Bond starts at $100 annually or $10 monthly. Our rates will vary based on the bond limit, and for applicants with a limit over $25,000, your personal credit score will be considered. Refer to the chart below for different bond limits and payment options.
The Jet team believes in offering affordable surety bonds to our applicants, which is why we offer annual, multi-year, and monthly payment options for the Huntsville Retail Vendor Bond.
Our process is quick and simple! Refer to the information below for details pertaining to various Huntsville Retail Vendor Bond steps:
How to apply for the bond: The online application will ask for basic information such as the required bond limit, and possibly your social security number for a soft credit check. Once submitted, just choose a bond term and complete payment. A receipt and copy of the bond will immediately be sent to your address of choice.
How to file your bond: Jet can file your Retail Vendor Bond for you. The Clerk-Treasurer Department requires the original, signed and sealed bond to be filed with their License Division. If you would prefer to file the bond yourself, you may select that option at checkout.
The original signed bond form should be mailed to the address below.
Clerk-Treasurer Department, License Division
PO Box 308
Huntsville, AL 35804-0308
How to cancel your bond- You can cancel your bond with Jet at any time. Just send us a written cancellation request to [email protected] and we will proceed with filing a bond termination notice to the Clerk-Treasurer Department. Once received, liability will be held up to 30 days. Jet will send you a reimbursement for any premium left on the bond term that was paid in full; monthly payment plans are not eligible for a refund.
How to renew your bond- Renewal of your Retail Vendor Bond is easy at Jet. For annual and multi-year bondholders, the Jet team will send you a renewal invoice before the bond term is up. Standard payment is all that is needed. Jet’s monthly payment option will not need the bond to be renewed — payments will continue to come out of your preferred account until cancellation is official and the additional 30 days of coverage have been completed.
Retailers, merchants, and vendors are expected to follow all business regulations according to the Huntsville, AL Code of Ordinances Chapter 15, Article 2 and the specifications of their license. Noncompliance with such obligations may result in the retailer facing penalty fees, license suspension, the permanent revocation of their license, or a bond claim.
However, the Clerk-Treasurer Department will typically only file a claim on the Retail Vendor Bond for the licensee’s failure to pay all licensing fees or sales taxes due to the City on time and in full. It is in your best interest to uphold these conditions, or at least try to resolve any issues with the Clerk-Treasurer Department before a loss of license and pricey bond claim ensues.
If you end up receiving a bond claim, contact Jet immediately! We will brief you on how our claim process works, followed by a review of all available claim documentation. If the claim is found to be justified, Jet Insurance Company is legally obligated to make payment up to your Retail Vendor Bond limit. You (the licensee) are ultimately responsible for your actions and must reimburse Jet fully for the paid out claim. Failure to do so may lead to future difficulties in securing surety bonds in the City of Huntsville.