If you are engaged as an auction business operating in Louisiana, you are required by the Louisiana Auctioneers Licensing Board to file an Louisiana Auction Business Bond as a condition of licensure.
Bonds Express offers a Louisiana Auction Business 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 Louisiana Auction Business Bond holds you accountable for your business decisions.
By possessing a Louisiana Auction Business Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.