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Telemarketing Bond Information
Telemarketing bonds are essential in many states to be able to legally set up and manage a telemarketing company.
To open a business that trades using telemarketing, you will need a license in the state that you wish to operate in. If you choose to branch your business out, you will need to apply for a license in each state that you choose to expand into.
Applying for a license in most states requires you to have a bond agreement in place before being able to obtain your license and start working. The bond is a legal contract that gives peace of mind to all consumers as they know that their rights and finances are protected should your company not live up to all regulations imposed upon them by the state.
Telemarketers are not professionals that are generally accepted well into your lives. The calls tend to come at the most inopportune times, and many of us are guilty of being rude or just hanging up the receiver.
Telemarketers are generally paid on the amount of sales they make. If the telemarketer has not made many sales in the period, they may lie to a consumer to try to get their sales going. Legally, this is fraud and just one of the examples that a customer may have rights to make a claim against your bond policy.
Because of the many laws and the stressful environment affecting telemarketing, bond companies consider these types of businesses to be under the ‘High-Risk’ category, so you may find that you are paying more for your telemarketing bond than you would be for other bonds.