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Surety Bond Information Center


Featured Surety Bond Articles

What is a Surety Bond?

What is a Surety Bond?

Learn the surety bond basics with an easy-to-read overview of surety. You'll be an expert in no time!

Licensed, Bonded and Insured: Understanding the Differences

Licensed, Bonded and Insured: Understanding the Differences

What does “licensed, bonded and insured” mean? We explain the differences between these three terms and why all three are important for construction contractors.

Everything You Need to Know About the Ocean Freight Shipping Industry

Ocean freight shipping is a key part of the global supply chain. Learn more...

4 of the Biggest Industries That Require Surety Bonds

Businesses in some industries should expect to purchase surety bonds. These...

Surety Bond vs. Letter of Credit: Everything You Need to Know

What’s the difference between a surety bond vs. a letter of credit? We’ll...

Recent Blogs

What Is the Average Salary for a Freight Broker?

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

Best Surety Bond Company 2021

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

How to Become a Licensed Ocean Freight Forwarder

What does an ocean freight forwarder do, and how does a business become...

How to Get Car Dealership Auction Access

What’s the deal with auction access? What are the qualifications? We break...

How to Become a DME Supplier

Wondering how to become a DME supplier that supplies medical equipment to...

FAQ

What is a fidelity bond?

A fidelity bond protects an employer from losses due to employee-dishonesty, or fraudulent acts, such as theft of monies or securities.

What is personal indemnity?

Indemnity is an agreement to provide financial reimbursement to another party in order to offset a loss or damage incurred. Surety companies require the indemnity of the owners of closely held businesses as part of the surety bond application. This ensures that the surety can access personal assets if required for reimbursement in the event of a loss.

Who prepares my surety bond form?

Surety Bonds Direct will prepare the required surety bond form on your behalf. The information required on the form will be pre-populated by our systems. In most cases, you will simply need to sign the bond form.

See More FAQ »

For Freight Brokers

How to Become a Licensed Ocean Freight Forwarder
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 Freight Broker License
How to Get a Freight Broker License

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

What Does a Freight Broker Do?
What Does a Freight Broker Do?

Understanding what freight brokers do and the role they play in the shipping industry is crucial for anyone who’s considering getting a freight broker license.

Key Differences Between Freight Brokers and Freight Forwarders
Key Differences Between Freight Brokers and Freight Forwarders

Both freight brokers and freight forwarders help arrange the transportation of cargo, but they do it via different methods and occupy different niches in the freight industry.

For Contractors

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

5 strategies to help contractors mitigate COVID-19 distruptions.

Why Every Construction Business Needs These 8 Essential Bonds and Insurance
Why Every Construction Business Needs These 8 Essential Bonds and Insurance

Bonds and insurance are an essential part of getting your contractor business up and running.

Payment Bonds vs. Performance Bonds
Payment Bonds vs. Performance Bonds

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

Steps on Getting 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!

For Auto Dealers

How to Get Car Dealership Auction Access
How to Get Car Dealership Auction Access

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

Everything You Need to Know About Motor Vehicle Dealer Bonds
Everything You Need to Know About Motor Vehicle Dealer Bonds

Motor vehicle dealer surety bonds provide protection for customers, creditors, and governments.

How to Get a Motor Vehicle Dealer's 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 Car Dealer's 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.

For Insurance Professionals

Insurance Adjusters 101: Key Differences Between the Types of Adjusters
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.

How to Get an Insurance Broker License in California
How to Get an Insurance Broker License 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 Become a Public Adjuster
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.

For the Medical Industry

How to Become a DME Supplier
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.

California Cannabis Bonds – Different Types, Agency Requirements, and More
California Cannabis Bonds – Different Types, Agency Requirements, and More

Cannabis isn’t just another consumer good: many different California regulations affect how, where, when, and by whom cannabis can be sold.

How to Get a Medical Marijuana Business License in California
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)
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

For Probate Court Matters

What Is a Probate Bond?
What Is a Probate Bond?

Probate courts often require executors, administrators, trustees, and legal guardians to obtain surety bonds to ensure that appointed individual upholds her/his fiduciary responsibility.

Everything You Need to Know About Executor and Administrator Bonds
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.

What Is a Guardianship Bond?
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.

Surety Law: The Legal Concepts Behind Surety Bonds
Surety Law: The Legal Concepts Behind Surety Bonds

Without a firm understanding of the foundational concepts of surety bonds, a business's legal obligations may not always be clear.