Itinerant Merchant Bonds

In North Carolina, some cities and townships require an Itinerant Merchant Bond to be filed by itinerant merchants, transient vendors, solicitors, or peddlers when doing business within their city limits. Through the bond, Jet helps protect the town or city against not receiving due payments in addition to residents being swindled by an itinerant merchant. 

PURCHASE ITINERANT MERCHANT BOND

Whether you are applying for a permit, Jet will help you acquire the Itinerant Merchant Bond which only takes a few minutes! 

What Is the Bond Limit and Price for the Itinerant Merchant Bond? 

The cost for an Itinerant Merchant Bond with Jet is always $100! No credit check required, the price is the price. Refer to the table below to see pricing for multi-year options.

Bond TermCost
1 Year$100
2 Years$175
3 Years$250
North Carolina Itinerant Merchant Bond Pricing

Each municipality requires different surety bond limits to be held by itinerant merchants. The chart below depicts the bond limit by municipality:

City/TownBond NameBond Limit
AngierTown of Angier Itinerant Merchant$5,000
ClintonCity of Clinton Transient Vendors$1,000
Elizabeth CityCity of Elizabeth Itinerant Merchant$5,000 bond or 10% of expected sales
GoldsboroCity of Goldsboro Peddlers and Itinerant Merchants$500
GreensboroCity of Greensboro Solicitors$500; can be higher to cover gross sales
JacksonvilleCity of Jacksonville Itinerant Merchant$1,000
LaurinburgCity of Laurinburg Itinerant Merchant$1,000
North Carolina Itinerant Merchant Bond Limit by Municipality

What Is the Purpose of the Itinerant Merchant Bond?

An Itinerant Merchant Bond may be required in a town or city as a way to protect the municipality and its citizens from unethical actions of the vendor, solicitor, merchant, or peddler. Where the bond is required, it helps guarantee that the city or town will receive payment for fees such as license, permit, or registration renewals. The bond is also a financial guarantee that residents who purchase goods or services from you are not being misled by false claims or being sold a faulty item.

How Does the Application Process Work With Jet?

Jet’s application for an Itinerant Merchant Bond can be completed in just minutes! You will be taken through each step of the application, filling out necessary information such as your name, address, which municipality you are applying for, and the bond limit needed. A soft credit check may be needed during the application to approve a rate for your bond. Once your application is complete, Jet will provide you with a rate you can pay for directly online. Once paid for, Jet will either send the bond to the appropriate city or town or to the address recorded in the application for personal filing.

Can Jet File the Itinerant Merchant Bond for Me?

Yes, Jet will complete the Itinerant Merchant Bond and file it with the city or town that requires your bond. If you need the original bond mailed to you for filing with additional documents, Jet will send it to the address indicated during checkout. 

Once all documents have been collected, paperwork should be mailed to the appropriate address. Below is a list of municipalities that require the Itinerant Merchant Bond, along with their mailing address:

Town of Angier
Town of Angier
55 N. Broad Street
Angier, NC 27501

City of Clinton
City of Clinton
221 Lisbon Street
Clinton, NC 28328

City of Elizabeth
City of Elizabeth
306 E. Colonial Avenue
Elizabeth City, NC 27907-0347

City of Goldsboro
Inspections Department
P.O. Drawer A
Goldsboro, NC 27533-9701

City of Greensboro
City of Greensboro
300 West Washington Street
Greensboro, 27401

City of Jacksonville
City of Jacksonville
P.O. Box 128
Jacksonville, NC 28541

City of Laurinburg
City of Laurinburg
303 West Church Street
Laurinburg, NC 28353

Can I Cancel My Itinerant Merchant Bond and Get a Refund?

Yes, you can get a refund for a cancelled Itinerant Merchant Bond with Jet. When you need to cancel your bond, simply provide written notice (such as an email) to start cancellation. Jet will notify the appropriate city or town (obligee) right away but bonds are usually kept in effect by the obligee for an additional 30 days. Once the cancellation is final, Jet will provide a prorated refund for the time that was left unused.

How to Renew the Itinerant Merchant Bond

When it is time to renew your bond, Jet will send you a notice ahead of time through email and mail. If you are planning on renewing your itinerant merchant, solicitor, peddler, or transient vendor license/permit, you must make sure that you have an active bond. 

Simply fill out the renewal notice that was mailed to you or complete the renewal online. If any changes are made to the bond limit, you may address them at this time and may receive new rates for the new coverage required.

PURCHASE ITINERANT MERCHANT BOND

How Does an Itinerant Merchant Avoid Bond Claims?

The Itinerant Merchant Bond guarantees that you will conduct business ethically. Although each bond must adhere to the correlating city or town’s regulations, an Itinerant Merchant Bond generally protects customers who have purchased from you against losses due to defective products or being misled by claims you made regarding the products or services sold. A good example is actions indicated in Section 14-225 in the City of Clinton’s Code of Ordinances. The City of Greensboro’s Solicitor Bond also holds itinerant merchants liable for the failure to deliver on goods or services according to Section 13-202 of the Greensboro Code of Ordinances. An Itinerant Merchant Bond may also indemnify the obligee (the city or town) against missed payments such as license renewal fees. 

To avoid bond claims, make sure that items or services being sold are not faulty and any claims to the performance of such items or services are not misleading. Additionally, paying all fees and due payments to the city or town will prevent against the obligee filing claims. 

Before a claim is filed, the itinerant merchant may be subject to a penalty for a violation of the agreement with the city, such as in Angier. According to the Code of Ordinances, Section 9-71, a citation will be issued, which if left unpaid will result in a civil penalty and civil action.

What Happens if I Get a Claim on My Itinerant Merchant Bond?

If a claim is filed against your Itinerant Merchant Bond, Jet will investigate to make sure it is not a false allegation. If the claim turns out to be valid, Jet will pay the claim out to reimburse the offended party. This works as an extension of your credit, and you are still ultimately responsible for your actions, so payment must be made back to Jet in the amount of the claim. 

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: