Alabama Degree Granting Private Schools are required under Section 16-46-1 through 10 of the Code of Alabama, 1975 to file an Alabama Private School (Degree Granting) Bond in the amount of $50,000 as a condition of licensure.
Bonds Express offers an Alabama Private School (Degree Granting) Bond with a 99% approval rate.
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 Alabama Private School (Degree Granting) Bond holds you accountable for your business decisions.
By possessing an Alabama Private School (Degree Granting) Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.