Warehouse bonds cost 0.5% to 3% of the bond amount annually. The bond amount is based on the value of goods stored at your facility. A $100,000 warehouse bond costs $500-$3,000 per year. Rates depend on your credit score, financial strength, and warehouse operations history.

What is a warehouse bond?

A warehouse bond is a surety bond that protects customers who store goods in your warehouse facility. It guarantees that the warehouse operator will fulfill their obligations, including properly storing and returning goods. If the operator fails, the bond provides financial compensation to affected depositors.

Who needs a warehouse bond?

Warehouse operators, public storage facilities, grain elevators, cold storage operators, and any business that stores goods for others may need a warehouse bond. Many states require warehouse bonds for licensing. The bond amount is typically based on the maximum value of goods stored at any given time.

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