96% ownership

[Bond Magician]

I need a Telemarketing Bond, I have 96% ownership, and my cousin has 4% ownership. Will you need her personal information as well as mine?

[Surety Queen]

Originally Posted by Bond Magician

I need a Telemarketing Bond, I have 96% ownership, and my cousin has 4% ownership. Will you need her personal information as well as mine?

In most instances, Surety will only require personal information and indemnity for people owning 5% or more of a company. However, it's probably best to disclose this information to your representative at the time of application and have them check to make sure this is the case.