These bonds are required on a federal level and not by a specific state. Apply for a Federal Surety Bond online today. Absolute Surety is a leading bond company serving clients nationwide. Easily apply with 24 hour or less turnarounds.
Express Scripts is requiring that pharmacies entering into a contract with the company obtain a $500,000 surety bond. The bond guarantees that pharmacies will uphold the terms of their contract with Express Scripts. This kind of bond is also called a performance bond, since it guarantees that the principal will act in accordance with their contract.
How much does this bond cost?
As with most bonds, the cost of an Express Scripts surety bond will vary depending on the applicant’s credit history. Applicants with good credit can expect to pay between 2% and 5% of the bond amount (in this case, anywhere from $10,000 to $25,000). Absolute Surety can offer premiums as low as $10,000—get in touch today to see if you qualify.