World Wide Bonding Agency writes $500,000 Express Scripts bonds in Pennsylvania
Applicants who wish to contract with Express Scripts will be required to post or furnish a surety bond in the amount of $500,000. The bond will essentially guarantee to Express Scripts (obligee) that the principal or pharmacy will abide by their contract. The surety bond was put into place to protect Express Scripts in the event the pharmacy breaches the agreement.
There are many requirements the pharmacies must follow in order to ensure they are posting an acceptable performance bond with Express Scripts. The Surety Company must have a AM Best rating of A-VIII or better. Before a Provider Agreement is offer, the pharmacy must first post the Express Scripts Surety Bond. The principals(pharmacies) must maintain the Express Scripts Surety bond for a minimum of two (2) years.
We find the best possible price for your Express Scripts Surety Bond given your particular qualifications.
Additional information about this performance surety bond requirement is as follows:
Obligee – Express Scripts
Bond Amount – $500,000.00
Click on the START MY APPLICATION button to complete our simple, online bonding application.
Completing our application allows the underwriters at our office to provide you with a specific quote for the exact bond you need. After you submit our online application, we will also need a Personal Financial Statement (other forms may be accepted), Business Financials, and Key Personnel Resumes. Once we receive all this information we will respond and get the process going immediately!