Types of Surety Bonds: Determine Yours
There are hundreds of different bonds that are needed for many different purposes, which can make determining which one is right for you difficult. Select why you need a bond below to determine which type of surety bond you need:
Surety Bonds for Your License or Permit
You told us that you need a bond for your license or permit, which means you need a license and permit bond. Along with many others, professions such as auto dealers, contractors and mortgage brokers often need this type of surety bond to operate legally. License and permit bond requirements vary by each state. You can select your state to find the exact bond you need.
What Will Your Bond Cost?
Costs are a small percentage of the bond amount you need, which is based mostly on your personal credit. You can get an instant ball park estimate by using our bond premium calculator tool. You can also read our guide to find more detailed information on how your bond costs are determined.
Bonds for Construction Jobs
You said that you need a bond for a specific construction job, which means you need a contract bond. These bonds are often required to work on public jobs legally (and some private jobs as well). Take a look at our step-by step guide to getting bonds for a construction project.
What's the Cost?
Pricing is a small percentage of the contract amount (usually around 1 – 3% depending on the size of the contract). You can use our free bond premium calculator to get an instant ball park estimate.
Court Bonds Explained
You told us that you need a bond because a court is requiring it of you, which means you need a court bond. These bonds can be required to appeal a court decision, become a legal guardian or operate as an executor of an estate.
How Much Will It Cost?
Fidelity Bonds Defined
You selected that you want to protect your business or customers from employee dishonesty such as theft. This means you want fidelity bonds.
What Will It Cost You?
Costs are based on the type of coverage you need, the coverage amount, number of employees and the controls in place for your business. Fidelity bonds are relatively inexpensive compared to the cost of other bonds. You can get a fidelity bond quote by applying online.
Miscellaneous Bonds Explained
You told us that none of the options applied to you, which means you likely need a miscellaneous bond. Some common bonds that fall under this category are health club bonds, sales tax bonds and union bonds. These bond requirements vary by each state. You can select your state to find the exact bond you need.
What's the Price?
Similar to license and permit bonds, the price is a small percentage of the bond amount you need, which is based mostly on your personal credit. Try our free bond premium calculator to get an instant price estimate.
Still Need Help?
If you’re still unsure about which bond you need, please contact us and we will get you the bonding you need.