If you are engaged as a professional solicitor for a charitable organization in Pennsylvania, you are required under the Charitable Purposes Act, 10 P.S. 162.1 et. seq. to file a Pennsylvania Professional Solicitor Surety Bond as a condition of 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 Pennsylvania Professional Solicitor Surety Bond holds you accountable for your business decisions.
By possessing a Pennsylvania Professional Solicitor Surety Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.