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Utah Liquor Warehousers are required under the Utah Code section 32B-12 to file a Utah Liquor Warehousing Bond as a condition of licensure.
The Utah Liquor Warehousing 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. These bonds hold you accountable for your business decisions.
By possessing a Utah Liquor Warehousing Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.