Ohio Milk Dealer Bond

Ohio Milk Dealer Bond

Milk dealers are required to submit a Ohio Milk Dealer Bond to the Ohio Department of Agriculture as part of their licensing. Jet Insurance Company offers this bond as a safeguard to the State of Ohio that milk producers will receive payment for the milk they sell to milk dealers.

VIEW YOUR BOND PRICE

The Department of Agriculture’s Division of Dairy’s objective is to ensure that Ohio has a wholesome and safe supply of milk and dairy products. Buying your bond with Jet reinforces this objective by giving producers the confidence that they will have funds to produce quality milk.

What Is the Bond Limit and Cost of the Milk Dealer License Bond?

Rates for Milk Dealer Bond with Jet depend largely on two factors: the bond’s limit and the milk dealer’s personal credit. The Department will recommend a bond limit for new milk dealers. After the first year the bond limit is calculated by doubling the dollar amount of dairy bought in an average pay period over the course of the previous year. 

The chart below shows a preferred credit applicant’s rates at different bond limits.

Bond LimitMonthlyAnnual
$5,000$10$100
$10,000$15$150
Ohio Milk Dealer Bond Cost

Jet offers different bond terms to make the Milk Dealer Bond affordable no matter what; whether it’s our exclusive month-to-month payments or buying years at a time, you can choose what is right for you.

The Milk Dealer Bond Process With Jet

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Applying for your bond is easy through Jet’s online application. All that’s needed is basic information and a social security number, which is needed for a soft credit check. Once the application is finished, you will receive an approved rate that is ready to purchase. 

For bond limits over $15,000, your application will need to be submitted for review. A Jet team member will go over the application and request additional information, if needed, and email will be sent with a link to purchase the quote instantly. After you have paid for the bond, a digital copy of the bond and your receipt will be emailed to you. 

Jet will complete the Milk Dealer Bond form and submit it with the Department of Agriculture, unless you choose to do so yourself when you are paying for the bond. If filing the bond yourself, you must submit it to: 

Ohio Division of Agriculture
Division of Dairy
8995 E Main St
Reynoldsburg, OH 43068 

This bond is one of the requirements for a license, meaning that an active bond must always be on file with the Department during the milk dealer license. Jet will send a renewal notice through mail and email for bonds purchased annually. Simply provide payment for the new term and Jet will handle the rest. 

For monthly payments, bond renewals are a thing of the past: each payment you make keeps your bond active!

You can cancel your Milk Dealer Bond by sending Jet a request through the mail or by emailing [email protected]. We will contact the Department of Agriculture to begin the 30-day cancellation period. Monthly payments will continue during this time; once cancellation is complete, Jet will cease payments. For bonds that were paid in full, Jet will calculate a refund based on the time left on the bond after cancellation. 

How To Prevent Claims on a Milk Dealer Bond

The main purpose of the Milk Dealer Bond is to make sure that producers will be paid for the milk they provided by milk dealers. As long as dealers complete payment for milk, as they are instructed to under the Ohio Revised Code 917.14, they will not get a complaint against their license (or a lawsuit for that matter). However, if the payment is missed and not completed within 30 days, the producer (or association of producers) can take action to be reimbursed in several ways, including a claim on the bond.

If you receive a claim on your bond, tell Jet right away! We will begin the investigation to determine if the claim is valid, providing the claimant (whoever filed the claim) with the required paperwork. The investigation can take up to 90 days to complete, unless additional time is requested. If the claim proves to be true, Jet must reimburse the producer or association for the amount of milk they provided. However, since your actions brought on the claim, you are responsible for paying Jet back in the amount that was paid out.

Ohio Milk Dealer 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: