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An Airport Security Bond (ASB) is a financial agreement that allows businesses to operate within an airport's security area. It is a U.S. Customs bond that ensures compliance with federal regulations and is typically required for companies operating behind the scenes at an airport, such as restaurants, shops, and contractors. The minimum bond amount is $10,000, calculated at $1000 per employee with access to Customs security areas, and it is usually designated as an Activity Code 11 bond. This bond acts as a guarantee that employees will follow regulations and enter secured areas with proper identification, with substantial fines for non-compliance.
| Characteristics | Values |
|---|---|
| Who needs an Airport Security Bond | Outsourced service companies and their employees who operate within or require access to a U.S. Customs security area at an airport |
| Businesses that require an Airport Security Bond include coffee shops, independent retail stores, restaurants, and vending machine operators | |
| Contractors or businesses that must enter secured areas | |
| What does the bond guarantee | Compliance with all regulations governing airport security areas |
| Employees will obey federal regulations and enter secured areas with proper identification badges at all times | |
| If an employee fails to comply with Customs regulations, all liquidated damages will be paid | |
| Types of Airport Security Bond | Activity Code 11 Bond, Activity Code 2 Bond, Importer Bond, Custodian of Bonded Merchandise Bond, International Carrier Bond |
| Minimum Bond Amount | $10,000 |
| Calculation of Bond Amount | $1000 per employee with Customs security area access |
| Adjustments to Bond Amount | At the discretion of the airport director |
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What You'll Learn
Who needs an airport security bond?
An airport security bond is a U.S. Customs bond that is required for businesses and contractors operating within or requiring access to a U.S. Customs security area at an airport. This includes restaurants, coffee shops, bars, gift shops, independent retail stores, vending machine operators, and companies operating behind the scenes, such as janitors, engineers, general contractors, and subcontractors. These bonds ensure that businesses and their employees comply with Customs Regulations and other federal regulations within secure areas of the airport.
The minimum size of an airport security bond is $10,000, based on a calculation of $1000 per employee with Customs security area access. However, the amount may vary and can be adjusted at the discretion of the airport or port director. To obtain an airport security bond, businesses can contact companies such as Colonial Surety Company, Trade Risk Guaranty, or C. A. Shea & Company, Inc., which offer instant quotes and digital solutions for purchasing and obtaining the bond.
It is important to note that an airport security bond is different from an importer bond, custodian of bonded merchandise bond, or international carrier bond, which are used for importing goods into the United States. An airport security bond specifically grants access to Customs security areas within an airport and ensures compliance with Customs Regulations.
Any business or contractor planning to operate within an airport's security area must be aware of the protocols and requirements, including the acquisition of an airport security bond, to ensure compliance with federal regulations. By obtaining an airport security bond, businesses guarantee that their employees will follow the necessary regulations and enter secured areas with proper identification badges, contributing to the overall security and smooth functioning of the airport environment.
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What is the purpose of an airport security bond?
An Airport Security Bond (ASB) is a financial agreement with Customs that any company operating behind a secure line at an airport will comply with Customs Regulations within the secure areas of that airport. It is a U.S. Customs bond needed for outsourced service companies to enter secured areas of airports. The bond acts as a guarantee to CBP that if the bond principal and affiliated employees fail to comply with Customs regulations, all liquidated damages will be paid.
The minimum size of an airport security bond is $10,000, based on a calculation of $1000 per employee with Customs security area access. However, the amount can be adjusted at the discretion of the airport or the port director. An ASB is usually designated as an Activity Code 11 bond on Customs Form 301.
Businesses that require an Airport Security Bond include coffee shops, independent retail stores, restaurants, and vending machine operators. It is also required for establishments that offer custodial, janitorial, engineering, general contractor, subcontractor, housekeeping, or other services inside an airport’s security domain.
Any private business operating within Customs security areas, areas accommodating international air commerce designated for processing people and baggage, the aircraft deplaning and ramp area, and other restricted areas designated by the port director are required to post an airport security bond.
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How much does an airport security bond cost?
An Airport Security Bond (ASB) is a financial agreement needed for outsourced service companies to enter secured areas of airports. The bond acts as a guarantee that any company operating behind a secure line at an airport will comply with Customs Regulations within the secure areas.
The cost of an airport security bond can vary depending on various factors. The minimum size of an airport security bond is $10,000, and the bond amount is generally calculated at $1000 per employee with Customs security area access. However, the Port Director of the International Airport where the bond is filed may adjust this amount at their discretion. The cost of the bond is typically a fraction of the full amount and can depend on an applicant's credit score. Applicants with low credit may face rates between 2% and 10% of the total bond amount, while those with a high credit score may pay as little as 1% or less.
It is important to note that the cost of the bond is different from the bond amount. The cost is what you pay to get bonded, while the bond amount is the full sum of compensation that the surety issuing the bond can provide.
Instant quotes for airport security bonds are available from companies such as Colonial Surety Company and Bryant Surety Bonds, which are licensed in all U.S. states and territories.
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Where can I get an airport security bond?
An airport security bond is a U.S. Customs bond required for businesses and contractors operating within or with access to an airport's security area. It ensures compliance with all regulations governing airport security areas. If you are considering opening a business inside an airport, you need to obtain an airport security bond.
Colonial Surety Company is a leading provider of airport security bonds, also known as airport customs security area bonds. They are licensed in all 50 states and U.S. territories and offer an instant, online, and digital way to obtain your bond. You can get a quote online, fill out your information, enter your payment method, and print or e-file the bond from your home or office.
Trade Risk Guaranty is another provider of airport security bonds. Since 1991, they have been working directly with contractors, construction, service, and maintenance companies to provide competitive pricing and peak client experience for their Airport Security Bonds.
The minimum size of an airport security bond is $10,000, based on a calculation of $1000 per employee with Customs security area access. This amount may be adjusted at the discretion of a particular airport.
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What is an activity code 11 bond?
An Activity Code 11 Bond, also known as an Airport Security Bond (ASB), is a U.S. Customs bond that is required for outsourced service companies and their employees to enter secured areas of airports. It is a financial agreement that guarantees compliance with Customs Regulations within secure areas of the airport. Companies that may need an Activity Code 11 Bond include those contracted for aircraft maintenance, cleaning, security, and baggage handling, among other services that require access to restricted Customs security areas.
The bond acts as a guarantee to Customs and Border Protection (CBP) that if the company and its employees fail to comply with Customs regulations, all liquidated damages will be paid. The minimum size of an Activity Code 11 Bond is $10,000, which is typically calculated at a rate of $1,000 per employee with access to Customs security areas. However, the Port or Airport Director has the discretion to adjust this amount based on specific circumstances.
The Activity Code 11 Bond is identified as Customs Form 301 and is required for any business that operates beyond the security checkpoint within the airport, including restaurants, gift shops, bookstores, and other stores operating within the airport's security area. It is important to note that the Airport Security Bond is not meant for importing goods into the United States.
The bond is typically effective for one year and remains in force for each succeeding annual period or until terminated. It is a requirement for any company or individual who needs to access Customs security areas for approved purposes, as mandated by U.S. Customs regulations.
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Frequently asked questions
An airport security bond is a U.S. Customs bond that is needed for outsourced service companies to enter secured areas of airports. It is a financial agreement that guarantees that companies operating behind a secure line at an airport and their employees will comply with Customs Regulations.
The minimum size of an airport security bond is $10,000. The bond amount is generally based on a calculation of $1000 per employee with Customs security area access.
Any private business operating within Customs security areas needs to post an airport security bond. This includes restaurants, bars, coffee shops, gift shops, retail stores, vending machine companies, and companies operating behind the scenes, such as janitors, engineers, and general contractors.
You can obtain an airport security bond from companies such as Colonial Surety, Trade Risk Guaranty, and DB Schenker Trade Solutions.
