If you are engaged as a Public Warehouseman in the Commonwealth of Massachusetts, you are required by the Treasurer and Receiver General of Massachusetts to execute a Massachusetts Public Warehouseman Bond in the amount of $10,000 to ensure compliance with the provisions found in Chapter 105 of the General Laws of Massachusetts.
Bonds Express offers a Massachusetts Public Warehouseman 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 Massachusetts Public Warehouseman Bond holds you accountable for your business decisions.
By possessing a Massachusetts Public Warehouseman Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.