Nevada Livestock Dealer, Broker, and Commission Merchant Bond

Nevada Livestock Dealer, Broker, and Commission Merchant Bond

In Nevada, livestock and/or farm product brokers, commission merchants, or dealers must file a surety bond with the State Department of Agriculture, Division of Livestock Identification as a licensing requirement. If a broker, commission merchant, or dealer conducts fraudulent business or fails to make payment of dues during the sale or purchase of livestock or farm products, the Dealer, Broker, and Commission Merchant Bond can be used for restitution. 

VIEW YOUR BOND PRICE

Getting your Nevada Livestock Broker, Commission Merchant, and Dealer Bond with Jet allows you to proceed with your licensing and conducting your business.

What Is the Lowest Price for the Broker, Commission Merchant, and Dealer Bond?

Jet can offer the bond for livestock dealers, brokers, and commission merchants for as little as $100 for a $5,000 bond limit. Of course, the price will vary depending on what bond limit you are required to carry; a soft credit check will also be instrumental in determining your quote. You can find what an applicant with preferred credit can be quoted at different bond limits.

Bond LimitCost
$5,000$100
$25,000$250
$50,000$500
$100,000$1,000
Nevada Livestock Broker Bond Cost

Regardless of your bond limit being the minimum of $5,000 or the maximum of $100,000, you will receive a quote from Jet that is in your favor. Jet is a direct insurance carrier, meaning there aren’t any broker agent commissions or unnecessary fees added to your quote. 

Why Is a Bond Required by the Department of Agriculture for Nevada Livestock Brokers, Dealers, and Commission Merchants?

The Division of Livestock Identification, of the Nevada Department of Agriculture, is charged with protecting livestock owners and producers against theft and illegal business practices by regulating livestock licensing. This bond coincides with this mission as a way to compensate those who are injured by a licensee’s actions:

Farm products are as follows: poultry and poultry products, livestock and livestock products, hay, and soil products. Timber or milk and milk products are not considered farm products.

How to Apply for the Nevada Commission Merchant, Dealer, and Broker Bond With Jet

All you need to do to apply is click through our streamlined application, which only asks for information pertinent to getting the bond. This includes business information, the required bond limit, and a social security number that is used for a soft credit check. 

Once you are done, you can see what rate you qualified for if your bond limit is under $15,000; you can also purchase the bond immediately. For bond limits that are higher than $15,000, a Jet team member will do a quick review before sending you an emailed quote that you can purchase. If additional information is needed, we will contact you.

How Does the Broker, Dealer, and Commission Merchant Bond Get Filed to the Nevada Department of Agriculture?

After you complete your purchase, Jet will get your bond prepared and send it over to you. You must sign and submit it along with your license application.

Once ready, you should file the bond to the following address:

Nevada Department of Agriculture
Division of Livestock Identification
4780 E Idaho St
Elko, NV 89801

Can I Cancel My Livestock Broker, Commission Merchant, and Dealer Bond and Get a Refund?

Yes, you can cancel your bond by emailing Jet at [email protected]. We will request cancellation with the Department, but the bond will stay in effect for an additional 30 days. After the Department releases Jet from liability, our team will review the time left on the bond for any available refund.

How to Renew the Nevada Commission Merchant, Broker, and Dealer Bond

You will receive an emailed and mailed renewal notice for your bond. Simply fill out the notice and mail it back or complete the renewal online. Once we receive payment for the new term, we will take care of the rest.

If your bond amount changes, it’s important to let us know so we can adjust the bond accordingly to reflect the appropriate coverage.

How Does a Principal Avoid Nevada Livestock Dealer, Broker, and Commission Merchant Bond Claims?

As a livestock commission merchant, dealer, or broker you are obligated to follow the regulations of your license as well as the Nevada Revised Statutes, Chapter 576. By following these standards, you will be able to avoid claims on your Broker, Commission Merchant, and Dealer Bond by not engaging in:

If any of these violations occur, the nonprofit organization, farm producer, or licensed dealer, broker, or commission merchant can file a claim to be reimbursed, as well as take civil action. Once it gets to this stage, Jet will need to verify the claim and if it is found to be legitimate, Jet is obligated to pay the injured party. Jet makes the payment on your behalf so the damage is restored, but you must still pay Jet in the amount that was paid out. To avoid a headache for all parties involved, it’s best to act according to the standards expected.

Nevada Livestock Dealer, Broker, and Commission Merchant 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: