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Wine Wholesalers operating in the State of Iowa are required under Iowa Code Chapter 123 to execute an Iowa Wine Wholesale Permit Bond to ensure compliance with licensure.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Iowa Wine Wholesale Permit Bond holds you accountable for your business decisions.
By possessing an Iowa Wine Wholesale Permit Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.