Louisiana auction business bonds.
$250 flat.
Louisiana licenses an auction business through the Auctioneers Licensing Board and conditions it on a $25,000 surety bond in the form the board approves. Ours is $250 flat — the price you see is the checkout price — and license bonds like this issue instantly.
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How much does a Louisiana auction business bond cost?
$250 at the $25,000 amount, the same for every applicant.
Three steps. One sitting.
License bonds are the simplest thing in surety. Here's the entire process:
Apply online
Business details and an effective date. That is the application. No credit check.
Pay & e-sign
License bonds like this are among the thousands of bond types that issue right after purchase.
File with the Auctioneers Licensing Board
Your executed bond arrives by email, ready to file with your auction business license application or renewal. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
The Louisiana Auctioneers Licensing Board licenses both individual auctioneers and auction businesses. The board conditions an auction business license on a $25,000 surety bond filed in the form it approves — a larger figure than the $10,000 bond a single auctioneer posts.
It's a three-party arrangement: you (the principal), the surety carrier, and the State of Louisiana for the use of harmed buyers and sellers (the protected parties). If an auction business violates the auctioneer law or mishandles sale proceeds, a harmed party can recover against the bond.
It is not insurance for you — if the surety pays a claim, you repay the surety. A Louisiana-licensed resident auctioneer who has already posted a performance bond may be able to run an auction business without a second bond, so confirm your situation with the board before you buy.
You need this bond if you're
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the $25,000 bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The bond runs to December 31 whatever day you buy; the premium covers the period to that date.
Renewal falls on the statutory date, December 31, in the year your term ends.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with the Auctioneers Licensing Board. Your executed bond arrives by email, ready to file with your auction business license application or renewal. Wet-ink original mailed on request.
What sets the price
The premium is fixed at $250 at the $25,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or your business profile.
No credit check.
One application, issued instantly.
These are the actual issuing fields. No credit check.
Start the application →Common questions.
Other Louisiana bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Finish your auction business license today.
$250 flat, no credit check, bond often issued in the same sitting. Free until issued.