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What is a Surety Bond?

A surety bond is type of insurance that acts as a guarantee that you will:

  • Follow occupational licensing laws and regulations in your state
  • Pay taxes to the appropriate government authority
  • Conduct business with your customers with fair and ethical business practices

Surety bonds are required by:

  • Government agencies responsible for issuing occupational licenses
  • Municipal governments when hiring contractors for public works
  • State Departments of Revenue responsible for collecting taxes like a sales tax, liquor tax, or fuel tax
  • Private businesses when they hire a company that will have employees working on their private property

 

Why Are You Required To Purchase a Surety Bond?

A surety bond is insurance you're required to purchase to protect your customers or a government agency in the case of tax responsibilities.

Unfortunately there will always be a handful of businesses who financially harm their customers on purpose to make more money.

Acts of this misconduct or fraud can include:

  • Not completing jobs
  • Selling faulty products
  • Lying about a contract or a condition of a product
  • Stealing from a customer's property or deposit
  • Mismanaging customer's money
  • Choosing not to pay sales tax or fuel tax

It's because of these "fraudulent businesses" that governments and some businesses require surety bonds for everybody.

Request a FREE Price Quote Today

Let us price shop for you and find the lowest possible price. This costs you nothing and there's no obligation to buy once you get pricing.

Need Help? Call Us Today

Talk to a bond specialist today. They will help you find the surety bond you need and get you the lowest possible price. 1-800-608-9950

 

How Can You Save Money Buying a Surety Bond?

The price (or premium) of a surety bond is determined by a surety.

A surety is an insurance company that underwrites surety bonds. (Not all insurance companies provide surety bonds.)

Every surety does their own assessment when providing a price for a surety bond.

This means prices will be different from one surety to the next.

 

How Is Price Determined?

For some surety bonds, the surety will require:

  • Credit of the owner or owners
  • Industry and business experience

For other surety bonds, we have already secured low fixed prices with zero credit check, meaning you can purchase your bond today (and save money).

This is why using a specialized surety agency like Surety Bonds Direct can help you save money.

 

How We Can Potentially Save You Hundreds of Dollars

We work with our network of (proven) A-rated sureties to price shop for you and find the lowest possible price.

The best part is, you're under no obligation to purchase once we find you pricing.

You have nothing to lose to have us get you pricing and see how low of a price you can get.

We've saved our customers hundreds of dollars (thousands in some cases) when purchasing their surety bond.

This is money you can use to pay:

  • Application fees
  • Examination fees
  • Additional insurance costs like liability insurance
  • Other fees or costs to get your business up and running
Request a FREE Price Quote Today

Let us price shop for you and find the lowest possible price. This costs you nothing and there's no obligation to buy once you get pricing.

Need Help? Call Us Today

Talk to a bond specialist today. They will help you find the surety bond you need and get you the lowest possible price. 1-800-608-9950

 

Purchasing a Surety Bond Is Easy

If you agree to the low price we'll found you, purchasing your surety bond is as easy as completing an online checkout form.

After a successful purchase, our issuance team will:

  • Prepare the correct bond form
  • Collect the necessary signature
  • Ensure the seals are in place
  • And provide the power of attorney

Some surety bonds must be physically mailed to you so you can turn in the original bond.

Most surety bonds can be emailed to you so you can submit a copy of the bond.

 

Let Us Manage This Process For You And Save You Money!

If this is your first time purchasing a surety bond, the concept may be new to you.

Let's us manage the process for you so:

  • You do not overpay for your surety bond
  • Get the process done quickly and correctly

If you know the bond you need, click here and choose your state to get started.

If you're unsure of the bond you need, fill out our free online quote form and provide as much details as you can.

We'll will find the bond you require or a bond specialist will call you can help you get this process done.

Request a FREE Price Quote Today

Let us price shop for you and find the lowest possible price. This costs you nothing and there's no obligation to buy once you get pricing.

Need Help? Call Us Today

Talk to a bond specialist today. They will help you find the surety bond you need and get you the lowest possible price. 1-800-608-9950

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