The Utah Administrative Code Rule R81-10A: On-Premise Beer Retailer Licenses governs the regulation regarding the issuance of On Premise Tavern license in the State of Utah. One of the prerequisites of obtaining this license is to possess the Utah On Premise Beer Bond.
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 Utah Tavern Bond holds you accountable for your business decisions.
By possessing a Utah Tavern Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.