California Concessionaire Bond
Bond Requirements & Set Rates
| Bond Amount Required | Annual Premium |
| Varies | Varies |
Businesses and individuals operating concessions on public property, such as parks, airports, or government buildings, must get a surety bond to meet permit or contract requirements. Required by either the California Department of Parks and Recreation or local governing agencies, the California concessionaire bond guarantees a concessionaire will fulfill the terms of the agreement and pay all required fees.
Cost of a California Concessionaire Bond
The cost of a California concessionaire bond is a small percentage of the bond amount. Premiums vary depending on the concession type, contract size, and location.
How the California Concessionaire Bond Works
A California concessionaire bond is a three-party agreement involving:
- Principal: Concessionaire
- Obligee: Government agency (e.g. California Department of Parks and Recreation)
- Surety: Bonding company
The license and permit bond ensures compliance with all state laws and regulations related to concessionaire operations, including proper maintenance of facilities and timely financial reporting.
If the concessionaire defaults on fees or violates environmental or performance standards, the obligee may file a claim against the bond. The concessionaire is legally responsible for reimbursing the surety for any valid claims paid.
Get Your California Concessionaire Bond Today
Ensure your concession business remains compliant with state and local regulations. With a quick approval process and variable bond amounts tailored to your operation, NNA Surety makes the bonding process easy and affordable. Complete this form or call 855-215-2160 for more information.