If you are a contractor, you’re mostly likely required to have a bond in place. Our specialized team can instantly quote and bind your bond, so you can move onto your important projects. Simply submit our online form or contact us directly for your free quote today!
What is a bond?
Bonds are different from insurance policies in which it brings three parties together in a mutual, legally binding contract in the event of an unexpected loss.
Why do I need it?
A bond may be mandatory by law depending on the nature of your business. Often times, bonds are required before business owners can get a license to operate in a certain city or state. The regulations can be complex, which is why it’s important to work with an insurance agent that has deep experience working with businesses on bond solutions. We can also call upon the expertise of the surety providers who specialize in bonds. Complete our online form or contact us directly for a quote and gain a peace of mind knowing you have the levels of protection you need.
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How much does it cost to get a surety bond?
It depends on the type of bond and amount of bond coverage you need. Surety bond premiums usually range from 1-15% of the total bond amount. For example, if you quoted a 2% rate on a $15,000 bond, you will pay $300 for your surety bond.
How will my credit score affect my bond cost?
The underwriting process considers your work history, credit score and other financial records to determine your reliability. Those with good credit scores generally pay lower fees for their bonds.
Where do I get a surety bond?
Right here! Our bond specialists will assist your bond needs for a reasonable cost. Just complete our online form or contact us directly for a quote.