Massachusetts Health Studio
The Massachusetts Health Studio is a $25,000.00 bond.
This bond is available in 1 year term.
Health Studios are required to register with the department annually and a letter of credit or certificate of deposit. Health studios will also need to post a surety bond. The purpose of this security is to reimburse members if the studio fails to meet its contractual obligations to its members. The law authorizes the department to collect registration fees; penalty fees are imposed on studios that do not register or post security.
Ashton Agency has a 99% approval rate and offers the $25,000 Massachusetts Health Club bond at some of the most competitive rates. Let us save you money!
Who needs a health club bond?
In the State of Massachusetts, health clubs are required to obtain a surety bond to be in compliance with Part 1, Title XV, Chapter 93, Section 79 of the General Laws of Massachusetts. The principal sum of the bond shall be either twenty-five thousand dollars, for each health club location or facility that sells contracts for terms not greater than twenty-four months, or one hundred thousand dollars for each health club location or facility that sells contracts for terms greater than twenty-four months but not greater than thirty-six months, and evidence of such bond shall be filed with the secretary of state within thirty days of its procurement. The bond shall be in favor of the commonwealth for the benefit of any buyer or class of buyers who suffers any loss or damage because a health club facility ceases operation, fails to open or fails to honor a buyer’s right to cancel a contract for health club services pursuant to section eighty-two, and who obtains a judgment for said loss or damage which is not satisfied within thirty days of its entry.
What is the health club bond?
The health club bond protects the party requesting the surety bond, the Obligee, against any financial losses as a result of poor financial choices, damages, unethical decisions, or a failure to adhere to state and local laws on the part of you, the Principal. By obtaining your bond, you are telling the Obligee that you can be trusted and that you stand by your business decisions.
The Massachusetts health club bonds are also known as: Massachusetts health studio bond, fitness bond, fitness club bond, and health club bond.
What else do I need besides the bond?
For more information in regards to health studios, click here.
Health club owners will submit the original signed bond form to the Massachusetts Consumer Affairs and Business Regulation at the following address:
Department of Public Health
Division of Health Care Quality
99 Chauncey Street
Boston, MA 02111
They may be reached by phone at (617) 753-8115.
Get Bonded Within One Business Day!
Only Ashton Agency can provide you with:
- The lowest price for your health club bond.
- Quickest turnaround time.
- The ability to meet or beat any competitor's pricing.
Many companies offer the health club bond, but by contacting the Ashton Agency, you can be sure you'll be getting the best price available, not to mention our stellar customer service and insider knowledge of the industry. We've been helping people get bonded for more than 45 years. Let us put that experience to work for you today!
Call us now at (800) 451-4854 for a free quote and we will contact you within 24 hours. We can assist you over the phone to ensure you receive your bond quickly and easily!
Don't have time to speak on the phone? Please fill out our easy online application and fax to (407) 678-2468. We can get you started right away!
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