Document Preparer Bonds

A document preparer bond protects your customers and the state from financial harm in case of fraud or unlawful practices on your business's part. Should a court uphold a claim filed against your bond, it will be used to pay out damages up to your bond amount. As the policyholder, you must then pay back that amount to the surety company. State Law requires all document preparation services professionals to have a surety bond. The bond amount differs for individual sole proprietorships and companies of varying sizes.