Arizona is known as one of the best states to do business in, and the blazing heat doesn't deter entrepreneurs from opening numerous new businesses there every year. One thing business owners in Arizona should make sure not to forget? Getting an Arizona surety bond.
Arizona's numerous and complex surety bond requirements, which can be tricky to understand, make it especially helpful to work with surety bond experts like the ones at Surety Bonds Direct. Our team works directly with surety bond companies all over Arizona to get our customers reliable surety bonds at competitive rates, with customer-centered, no-hassle service. Here are a few of our most popular surety bond types for Arizona businesses.
- Contractor License or Permit Bond
Arizona contractor license bonding rules can be particularly tricky, so it's important to make sure you understand them before you purchase a contractor license bond. To figure out what kind of contractor bond you'll need, consult the table on our Arizona contractor's license bond page.
Your bond amount will vary based on several factors:
- Whether you're a commercial or residential contractor
- Whether you're considered a general or specialty contractor (see the list on our page to find out)
- The approximate dollar amount of business you'll do in the coming year
Contractors who do multiple types of work will need the combined bond amount for both types of contractor license bonds, and if you realize mid-year that you'll be doing more work than you initially thought, you can always increase the amount. Fortunately, there's no termination date on Arizona bonds—you'll simply need to pay your annual premium and the bond will stay enforced.
- Freight Broker (BMC-84) Bond
The Federal Motor Carrier Safety Administration (FMCSA) requires a BMC-84 bond to do business as a freight broker in any state in America. The bond must be in an amount of $75,000, and it helps ensure that a freight carrier complies with all safety and business regulations in their operations.
Surety Bonds Direct will file your freight broker bond with the federal government for you at no additional cost, and we also offer helpful financing plans that allow customers to affordably spread out the cost of the bond over time. Note that if you're looking for a bond for the Federal Maritime Commission requirements, you'll need an OTI or NVOCC bond, not a freight broker bond.
- Home Inspector Bond
Home inspectors are tasked with making sure that homes are safe and compliant with building codes, so it's easy to see why Arizona demands that they carry surety bonds. A home inspector bond certifies that you will comply with all laws and safety regulations, and that homeowners will receive an honest and thorough inspection from you. This bond must be in the amount of at least $25,000.
- Motor Vehicle Dealer Bond
It's in everyone's best interest to make sure that automobile dealers are ethical and compliant, so Arizona requires motor vehicle dealers to obtain a surety bond. This guarantees that all motor vehicle dealers will meet their obligations such as paying taxes and registration fees, as well as delivering valid vehicle titles.
New or used retail vehicle dealers must have bonds in a coverage amount of at least $100,000. Other types of automotive dealers, such as auto auctions, wholesale dealers and auto recyclers, must also obtain bonds, but in lower amounts. For a full list of which types of dealers need which types of bonds, and to get a fast and easy quote, see our Arizona motor vehicle dealer bond page.
- Alcohol Tax Bonds
Arizona liquor license laws do not require a specific state surety bond in order to receive your license. However, if selling, making or distributing alcohol in Arizona is part of your business, you may need a federal alcohol tax (TTB) bond that guarantees payment of all federal alcohol taxes. You can get these online through Surety Bonds Direct with no paperwork and no credit check.
Other Common Arizona Surety Bonds
Arizona businesses may need many other types of bonds, and all are offered through Surety Bonds Direct. These include, but aren't limited to:
- Contractor performance bonds to guarantee satisfactory completion of a job.
- Business service bonds that protect customers from potential unethical or illegal conduct by employees.
- Durable medical equipment supplier (DMEPOS) bonds for suppliers of prosthetics, wheelchairs, canes and other medical equipment for long-term care.
- Mortgage broker bonds to ensure ethical practices from mortgage brokers.
If you don't see the bond you need here, be sure to check our complete list of Arizona surety bonds.
Businesses looking for Arizona surety bonds need look no further than Surety Bonds Direct. We've got the expertise, the friendly service, competitive pricing and a wide selection of bonds that, together, make us your one-stop shop for all of the Arizona surety bonds you need. To find out more about what we can offer Arizona businesses, call us at 1‐800‐608‐9950 or view our complete selection of Arizona surety bonds and get a quick and easy quote online today.