A pole attachment bond is a simple financial guarantee obligation generally required from service providers and their contractors that need access to utility poles for the furnishing of television cable antennae and occasionally telephony services. Pole attachments can fall under federal regulation. 47 CFR 1.1402 [Title 47, Chapter I], defines the term 'pole attachment' as "any attachment by a cable television system or provider of telecommunications service to a pole, duct, conduit, or right-of-way owned or controlled by a utility." By virtue of commercial entities' use of common utility poles, private business often require a pole attachment bond. The pole attachment bond contains two main provisions:
The pole attachment bond penalty (bond amount) is generally but not exclusively on the total number of estimated pole attachments, or the total number of operator's actual attachments if greater than the estimates. Most pole owners have offer specific surety bond minimums and increase or decrease the requirements throughout the term of the agreement. Some owners will accept a cancelable obligation. Others require the pole attachment bond to remain in effect until all of the principal's obligations under this use agreement have been discharged.
National surety bond broker, Surety One, Inc. is a specialist in the bonding needs of commercial telecommunications and cable professionals. Questions about this or another surety need? Call us at (800) 373-2804, email us at Underwriting@SuretyOne.com or click here for live chat about your pole attachment bond requirement.
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