Cost: varies, click below to choose
Bonds Express offers a New York City Industrial Laundry Bond with a 100% approval rate.
The New York City Department of Consumer Affairs requires that anyone who launders for the public, or operates a coin operated pay-for-wash business, needs to be licensed. In order to obtain this license, you will have to post a New York City Industrial Laundry Bond.
The amount of your New York City Industrial Laundry Bond will vary with the number of people that you employ. The cost to you will always remain the same. $75 regardless of the number of employees you have.
- for 0 to 25 employees = $500
- for 26 to 50 employees = $1,500
- for 51 to 75 employees = $2,500
- for 76 to 125 employees = $3,000
- for more than 126 employees = $5,000
This bond expires every Odd Year on December 31st.
The New York City Industrial Laundry 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. These bonds hold you accountable for your business decisions.
By possessing a New York City Industrial Laundry Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.