Auctioneers that work within Clark County, the City of Las Vegas, and the City of Henderson are required to file an Auctioneer Bond as financial assurance that should their fraudulent actions cause damages, the injured party can be reimbursed.
Buying your Auctioneer Bond with Jet assures the municipality that you are in compliance with the regulations of the license.
Each city or county that requires an Auctioneer Bond has their own specifications for the bond to protect their citizens. The bond limits are set at:
The City of Henderson also requires Auctioneer Bonds to be held for a term of two years per issuance.
You can buy the Auctioneer Bond for $10 a month or $100 a year, guaranteed! All you have to do is pick your bond term (options shown in chart below), fill out the required information, and pay for the bond. Jet will take care of the rest!
*City of Henderson Auctioneer Bonds may only be purchased through monthly payments or 2-year terms.
As a direct carrier, Jet Insurance Company is able to offer you the Auctioneer Bond without broker fees and other restrictions that agencies are typically bound to.
Once you click the button above to purchase your Auctioneer Bond, you will need to input required information for the bond and select how you would like to purchase the bond. After payment is complete, Jet will send you an emailed copy of your bond and a receipt to keep on file.
Jet will prepare the bond form and even mail the bond to the requiring entity for you, unless you prefer to do that yourself. You can select the option to file the bond yourself when paying for the bond.
The bond form must be filed to the corresponding office:
|City of Henderson||City of Henderson|
Business Licensing Center
240 S Water St
Henderson, NV 89015
|City of Las Vegas||Las Vegas City Hall|
Department of Planning
Business Licensing Division
495 S Main St
Las Vegas, NV 89101
|Clark County||County of Clark|
Department of Business Licensing
500 S Grand Central Pkwy, 3rd Floor
Las Vegas, NV 89155
If you purchased your bond for one year (or multiple years), Jet will send you a renewal notice via mail and email when your term is nearing its end. Once you choose your new term and provide payment, Jet will complete the renewal without any additional paperwork required from you. Those on the monthly payment plan do not need to worry about renewals; each payment keeps the bond active!
To cancel the bond, send Jet an email at firstname.lastname@example.org. Our team will notify the city or county that your bond is on file with and they will begin a 30-day cancellation period. Once 30 days has been reached and Jet is released from liability, our team will calculate a refund based on the time left of the term that was purchased. Monthly payments are not eligible for a refund, but the payments will be stopped after the cancellation is finalized.
An auctioneer is bound to following licensing provisions as well as the local ordinances for auctions and auctioneers.
Failure to follow these regulations can often result in fraud or dishonest business practices that cause loss to purchasers or sellers of auctioned items. If you act in contrast to these ordinances and financially harm someone, that person can seek compensation through a claim on the Auctioneer Bond.
Notify Jet right away if you receive a claim filing. We will review the evidence to check the validity of the claim. If it is legitimate, we are obligated to pay out the claim as restitution. However, keep in mind that unlike an insurance claim, you must pay back a claim payout from a surety bond.