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Massachusetts Cannabis License Types and Cannabis Bonding Requirements

If you're interested in getting a Massachusetts cannabis license, read this article. It will help you understand the 15 different licenses and process.

Michigan Auto Dealer Bond Update And 2023 Breaking News

Effective January 23rd, 2023 Michigan Auto Dealer bonds are having their amount increased from $10k to $25k. Learn about the change and make sure you're ready.

Washington State Contractor Bond Options And Requirements

Getting your Washington State contractor's license requires a contractor bond. Learn what a contractor bond is and how to purchase your bond.

How To Get A Surety Bond In 3 Easy Steps

At first getting a surety bond seems confusing. But it's actually an easy and fast process. Learn how to get a surety bond in 3 easy steps right now.

How To Get a Seller of Travel License In Florida

Learn how to get your seller or travel license in Florida, plus how to become bonded. Follow these 6 steps we've outlined in our latest post.

8 Steps To Get Your California C-10 Electrician Contractor License

We've distilled the steps to go from electrical trainee to fully C-10 licensed electrician contractor. Follow these 8 steps and bring clarity to the process.

7 Steps To Get Your California Used Car Dealer License

We took the complicated process of getting your use car dealer license from California's Department of Motor Vehicles and simplified it to 7 easy to follow steps

What Is a Notary Bond and Why Do You Need One?

When you're required to purchase a notary bond, it can be confusing. What is a notary bond? Why do you need this? Let's answer this because it's serious!

IFTA Tax Requirements And IFTA Bond Requirements

The IFTA fuel tax was put in place to give each state a fair share of fuel tax revenue. Here are the requirements including the surety bond some states require.

The 4 Steps To Get Your Electrician License In South Carolina

Learn the 4 steps to getting your electrician license in South Carolina. This post will make getting through the state's requirements easy to follow.

NVOCC vs Freight Forwarder: The 5 Major Differences And How To Get Licensed

An NVOCC and Ocean Freight Forwarder may seem the same. But they're difference in 5 major ways. Let's look and learn how to get licensed in both.

Lottery Bonds For Lottery Ticket and Game Retailers

If you want to sell lottery games in your convenience store, gas station, or business, you may need to get bonded. Here are the steps to get your lottery bond.

Oversize Load And Overweight Permits To Transport Loads In Texas

Transporting heavy loads across Texas require special permits based on the load being carried. Learn more about getting permits and bonded for heavy load trips.

Getting Your Process Server License

Becoming a process server is a great career choice. But the rules are different from state to state. I will help lay out the steps to get your process server license.

$25,000 Surety Bond? Which Surety Bond Do You Need And How Much Will It Cost?

You're looking for a $25,000 surety bond? Let's find the exact bond you're looking for and help you know how much it will cost. Ready for this?

How To Get A Dealers License In Nebraska And Your Auto Dealer Bond

Every year Nebraska auto dealer licenses expire December 31st. Here's how to get your Nebraska auto dealer license and auto dealer bond step by step.

Texas Mixed Beverage Gross Receipts Tax Bond And Texas Mixed Beverage Sales Tax Bond

Every year Texas bars, private clubs, caterers, and more have to renew their mixed beverage gross receipts tax bond and mixed beverage sales tax bond. Here's how.

Lost Cashier's Check? Here Are The 3 Steps To Take Now

Lost cashier's check? I know you're panicking. Don't. There are three things you can do now to fix the situation. The sooner you act the better.

California Contractor License Bond Amount Is Going Up... When And Why?

On January 1st, 2023, the California contractors license bond is increasing from $15,000 to $25,00. Here's what you need to know and do to be ready.

Surety Bond vs Insurance - Know The Difference

A surety bond is not related to an insurance policy. Let's look at the difference so you understand why you're required to purchase a surety bond separately.

What Can You Learn From New York’s First Round of Adult Use Marijuana Dispensary Licenses?

In 2020 New York passed an adult use marijuana bill. New York is expected to be one of the biggest marijuana markets. Here's how to prepare for the next round of licensing.

Livestock Packers and Stockyards Surety Bonds

Required bond for anyone conducting business operations in marketing livestock, meat or poultry for commercial purposes

Heath Club or Spa Bonds

Over 30 states require surety bonds for gymns, martial arts studios, spas, or other health clubs.

Why Do Surety Bond Costs Vary So Much?

Review the key factors that impact surety bond prices and specifics on how each factor affects the price you will pay for the bond.

What Does "Treasury Listed Surety" Mean?

The purpose of treasury listing (the "T-List") for sureties is to ensure that the surety backing your bond has met certain financial criteria set by the federal government.

Georgia Motor Vehicle Dealer Bond Guide

Any business or individual seeking to become licensed to sell or otherwise deal in used motor vehicle transactions in the state of Georgia must furnish a dealer surety bond to the state.

Fuel Tax Surety Bonds

Fuel tax surety bonds are required in almost every state for businesses that use, sell, distribute, or mix various types of motor fuel.

What is a Business Service Bond?

Business service bonds are highly recommended for those whose businesses requires employees to be on customer property.

How To Get a Dealer License In NY: A Step By Step Process

Anyone who sells more than 5 vehicles per year in New York is required to have a surety bond to be a licensed auto dealer.

Florida Motor Vehicle Dealer Surety Bonds

Anyone in Florida engaged in the business of buying, selling, or dealing in motor vehicles or offering or displaying motor vehicles for sale must be a licensed dealer.

Mortgage Bonds & the NMLS

Find out about the NMLS filing process which most often utilizes e-filed bonds instead of traditional printed paper documents.

Freight Broker Bonds – Filing & Registering with the FMCSA

Find out more about the Federal Motor Carrier Safety Administration (FMCSA) required surety bonds for freight forwarder or broker of freight registration.

Most Common Surety Bonds in Virginia

From the Chesapeake Bay to the Blue Ridge Mountains, the Commonwealth of Virginia is full of thriving businesses and, much like other states, Virginia requires some types of businesses to obtain surety bonds.

What Is a Surplus Lines Broker?

Surplus lines brokers provide access to high-risk coverages from non-admitted insurers and have additional requirements beyond typical admitted insurers.

What Is a Private School Surety Bond?

Since many private institutions accept tuition weeks or months in advance, the surety bond guarantees that people who paid tuition can be reimbursed if the school unexpectedly ceases to operate

Most Common Surety Bonds in New York

To ensure that New York businesses operate ethically, the state of New York requires many business to purchase surety bonds. Here's a quick guide to some of the most common.

How to Become a Private Investigator

In search of an interesting and in-demand career? Learn how to become a private investigator.

What Is a Mortgage Broker?

What is a mortgage broker, and how do they help people get a mortgage for their homes?

What Is a Bonded Contractor?

What is a bonded contractor and why is it important that contractors have a surety bond? These are the facts you need to know.

Licensing Requirements for Mortgage Loan Originators

Under which circumstances are probate bonds required? Are surety bonds always required?

What Is Probate Court?

Under which circumstances are probate bonds required? Are surety bonds always required?

What Is the Average Salary for a Freight Broker?

How much does a freight broker earn? How to get started as a freight broker.

Best Surety Bond Company 2021, 2022, and 2023!

See why Investopedia selected Surety Bonds Direct as the best overall surety bond company in 2021, 2022, and 2023.

How to Become a Licensed Ocean Freight Forwarder

What does an ocean freight forwarder do, and how does a business become licensed as an ocean freight forwarder? Find out the answers.

How To Get a Car Dealer License For Auctions

What’s the deal with auction access? What are the qualifications? We break down the requirements for access as a dealer or private buyer.

How to Become a DME Supplier

Wondering how to become a DME supplier? Want to supply medical equipment to your community? Here’s what you need to know.

The Most Common Surety Bonds in Nevada

Here, we’ll discuss seven of Nevada’s most common types of surety bonds that are required for different businesses.

How to Get a Freight Broker License

Many individuals looking for an interesting and profitable career in logistics consider becoming freight brokers.

Fidelity Bonds: Understanding the Different Types

Fidelity bonds are a type of surety bond that protects agains dishonesty or financial misconduct by employees. These bonds are used in a variety of industries.

Types of Surety Bonds Needed for the Auto Industry

Surety bonds are a common requirement for many kinds of businesses that deal with automobile sales and service.

What Is a Bonded Title and Why Do I Need One?

In some cases a seller may intentionally or accidentally sell the vehicle without the proper title paperwork. Under these circumstances the vehicle owner may need to a type of surety bond call a certificate of title bond.

The Role of a Legal Immigration Service Provider and How to Become One

To ensure that they conduct their business honestly, immigration service providers often have to obtain an immigration service surety bond.

How To Become An Insurance Broker In California

Getting a California insurance broker license can be the start of an engaging and lucrative career. These are the steps you’ll need to follow to do it.

How to Get a Surety Bond in Maryland

The process of obtaining a surety bond in Maryland doesn’t have to be complicated, but it does require knowledge of how to get a surety bond at the right price and which surety bond is right for each business or individual’s needs.

Understanding Contractor's Licenses in the Carolinas

Quick introduction on how to get a contractor's license in North Carolina or South Carolina, plus requirements such as surety bonds, testing, and application fees.

What Is a Fidelity Bond and How Do I Get One?

To provide a legal and financial guarantee of fidelity and honesty, many businesses use fidelity bonds, but what is a fidelity bond?

Five Must-Have Types of Insurance for Construction Companies

There are 5 types of insurance policies that are essential in every construction project as they offer wide coverage to protect construction firms and help minimize their risks.

How to Become a Public Adjuster

If you like helping people and have a good eye for detail, becoming a public adjuster could be a great career path for you.

45 States Allowing Remote Online Notarization

Increasingly, it’s possible for a notary to notarize a document through video conferencing and electronic document transfer.

New Alabama $50,000 Surety Bond Requirement for Auto Dealers

Alabama HB393 sets out new licensing requirements, fees, and increases the surety bond requirement to $50,000 for new and used Alabama Auto Dealers.

What Is an ERISA Bond and Do I Need One?

If you need an ERISA bond, it can be relatively simple to get one—but there are some key facts to know to ensure that you work with a qualified surety and get an affordable rate.

How to Get a Surety Bond in Texas

Getting a surety bond in Texas is a straightforward process, but first, make sure you know what bond you need.

Virginia Skill Game Owners / Distributors Surety Bonds

Virginia Skill Games Owners and Distributors face new reporting and surety bond requirements starting July 1, 2020.

Everything You Need to Know About Veterans Affairs Fiduciary Bonds

What are these surety bonds? Who does the VA require to get a surety bond? What are the responsibilities of the fiduciary?

A Contractor's Guide to Overcoming Unforeseen Struggles Caused by COVID-19

5 strategies to help contractors mitigate COVID-19 distruptions.

Payment Bonds vs. Performance Bonds

These two types of surety bonds are typically purchased together, but they perform two different and equally critical functions.

Essential Requirements That Every Credit Services Organization Needs

What are the key steps to take and factors to be aware of starting a credit services organization?

Everything You Need to Know About Executor and Administrator Bonds

To ensure that the executor or administrator’s obligations are carried out faithfully, probate courts often require executors and administrators to obtain special types of surety bonds.

Ultimate Guide to Janitorial Bonds: What They Are and Why Your Business Needs One

If you own or manage a janitorial service business, protect your clients and demonstrate your commitment to ethical business practices.

3 Ways California Construction Contractors Can Protect Their Income

Payment issues are a challenge to construction firms all across the globe. The persistence of payment issues lies in the structure of construction projects.

How to Become a Notary Public

What do notaries do? What qualifications are there? What's the application process?

What Is a Guardianship Bond?

We'll discuss the basics of guardianship bonds, including what a guardianship bond is, why many courts require guardianship bonds, and how much you can expect to pay when applying for a guardianship bond.

The Most Common Surety Bonds in Ohio

These surety bonds are all either required or recommended for Ohio businesses.

What Is a Tax Preparer Bond?

Tax preparer surety bonds are required in some states for tax preparers who aren't CPAs or EAs. Find out more about these surety bonds and how to get one easily and affordably.

7 Of The Most Common Surety Bonds in Washington State

For many types of businesses in Washington State, a surety bond is a requirement to get licensed.

The Most Common Surety Bonds in Florida

Florida's allure is much deeper than just the balmy weather that has earned it the title of "Sunshine State."

How to Get a Medical Marijuana Business License in California

The cannabis industry continues to grow into a major force in the California economy.

Why You Need a Durable Medical Equipment Suppliers Bond (and How to Get It)

DMEPOS Medicare providers must enroll with the CMS before they can bill for covered Medicare services

How to Become a Mortgage Broker

Becoming a mortgage broker can be a fun and highly fulfilling career.

Insurance Adjusters 101: Key Differences Between the Types of Adjusters

There are different types of insurance adjusters and each one plays a different role in claims adjustment.

Understanding Oregon Contractor Bonds

Which of the many types of Oregon CCB contractor bonds is right for your business?

Understanding the 3-Party Agreement of Surety Bonds

Sureties, obligees, principals... what do all of these surety bond terms mean?

Does my startup business need a surety bond?

Running a startup comes with a lot of risk. Demonstrate trustworthiness to customers and authorities.

9 Things to Know When Buying Your Surety Bond Online

Buying a surety bond online is a surprisingly quick and easy process when you work with Surety Bonds Direct.

How to Get a Florida Contractor's License

How to Get a Florida Contractor's License

Getting a Florida contractor's license involves a paperwork and demonstrating that you're financially responsible.

Finding an Honest Used Car Dealer

Finding an Honest Used Car Dealer

What does it take to find an honest used car dealer that you can trust to sell you a great vehicle?

California Contractor Bond vs. California Contractor License

California Contractor Bond vs. California Contractor's License

Each is important in its own way, and each is a step on the path to becoming a licensed California contractor

How to get a surety bond with bad credit

How to Get a Surety Bond with Bad Credit

Bad credit shouldn't hold you back from becoming the entrepreneur you've always dreamed of being

What does a surety bond protect?

What Does a Surety Bond Protect Against?

Surety bonds protect a business's customers and clients against all kinds of adverse circumstances

What's the Difference Between a BMC-84 and BMC-85 Freight Broker Bond?

Quickly get your head around the differences between the FMCSA requirements to get your freight broker license.

How to Get a Motor Vehicle Dealers License

How to Get a Motor Vehicle Dealer's License

Thinking about opening your own car dealership? Learn about how to navigate the process, get your bond, and get your license.

How to Get a Motor Vehicle Dealers License Without a Lot

How to Get a Car Dealer's License Without a Lot

If you're just starting out in the car business a dealership without a lot might be an option for you.

The Most Common Surety Bonds in Arizona

The Most Common Surety Bonds in Arizona

Business is booming in Arizona. Which surety bonds are most frequently required to be compliant?

What Entrepreneurs Need to Know About Surety Bonds

What Entrepreneurs Need to Know About Surety Bonds

Entrepreneurs in many different fields need surety bonds to get licensed and protect their customers and themselves.

The most common surety bonds in Texas

Most Common Surety Bonds in Texas

Navigate the most common bonds in one of the fastest-growing states in the nation.

The most common surety bonds in California

Most Common Surety Bonds in California

A fast-growing economy with new businesses and investment makes CA a hot market for bonds.

How to Get a Surety Bond as a New Business

How to Get a Surety Bond as a New Business

Getting the right surety bond for your business for compliance and establishing trust with your clients.

How to Get a Dispensary License in California

How to Get a Dispensary License in California

A quick 5-step overview on how to legally obtain a California dispensary license.

Finding the Right Surety Bond for Your Small Business

Finding the Right Surety Bond for Your Small Business

How to find the right bond for your specific needs for compliance, licensing, and building trust with your customers.

How to Become a Freight Broker

How to Become a Freight Broker

With a booming consumer-driven economy and an eCommerce landscape that’s growing at lightning speed with no signs of slowing anytime soon, there’s enormous demand for all things transport in 2019.

Steps to Get a California Contractor's License

Steps on Getting a California Contractor's License

Become a licensed contractor in the state of California with the help of Surety Bonds Direct. Read this guide for step-by-step info on how to go about getting licensed the right way!

Credit Scores

Beyond the Score: What Items In Your Credit Report Affect Surety Bond Premiums?

In addition to the actual credit score, underwriters will evaluate past due amounts, the number of satisfied accounts, the number of unsatisfied accounts, and the presence, dates, and current status of any liens, judgments, bankruptcies, surety bond claims, and unpaid child support.

Motor Vehicle Dealer Bonds

How Do Motor Vehicle Dealer Bonds Work?

Motor vehicle dealers and related businesses are subject to surety bonding requirements in nearly every state. These bonds are also known as auto dealer bonds, car dealer bonds, and MVD bonds.

Contractor License Bonds

Spotlight: Contractor License Bonds

Almost every state in the country requires that certain types of contractors post surety bonds in conjunction with various licenses and permits. The bonds are required for both residential and commercial contractors engaged in many construction trades including general home improvement, electrical, roofing, drywall, HVAC, plumbing and many other specialties.

Surety Bond Prices

Are Surety Bond Costs Dropping?

The surety bond price drop can be attributed to a few different factors. First, the overall economy is relatively strong and continues to show moderate growth. This means that businesses are doing well overall and insurers that assume the risk of loss on surety bonds are faced with fewer claims and loss payouts. Additionally, more insurers have decided to enter the commercial surety market and that extra competition has led to even lower prices.

Texas Motor Vehicle Dealer Bonds

Texas Vehicle Dealer License Requirements

Texas businesses involved in buying, selling or exchanging motor vehicles or otherwise engaging in business as a dealer, directly or indirectly, including by consignment dealers, must submit application for a general distinguishing number (GDN) license issued by the Texas Department of Motor Vehicles.

Credit scores and co-signers for surety bonds

Is a co-signer right for you?

Finding an affordably priced surety bond when you have poor credit can be a frustrating experience. Often times, bond premiums for those with bad credit or no credit can exceed 10% of the bond amount. Many commercial surety bond requirements exceed $25,000 resulting in annual bond premiums of $2,500 or more for bad credit applicants! This is a significant cost of doing business for a small business owner.

Let's look at an example of a California Motor Vehicle Dealer Bond for $50,000 and the premium (cost) for 2 different buyers, Joe and Ted.