The lottery surety bond the money is handled properly and ethically. State laws require the lottery bond to protect the state if the lottery seller tampers with lottery equipment, mishandles lottery funds or misappropriates lottery funds.
While the bond protects the state against theft
or misappropriation of funds, it also helps protect
the consumers by ensuring that the business is
lawful and uphold certain standards when dealing with lottery funds. This bond also ensures that lotteries remain a safe, fair and a fun activity for all consumers.
Unlike insurance the bond is in place to protect the public from you. If there is a claim placed on your bond and you are found at fault the surety company will pay out, however, you will have to pay them back. This bond is fairly easy to obtain, all we need is a filled out application and we can get you a free quote right away.
Lottery Bond Insurance
Established in 1936, by Thomas J. Unik Sr., our company has grown to a full service insurance agency that serves the insurance needs of over 12,000 individuals and families and 4200 business concerns in Cleveland, Cuyahoga County and adjacent areas.