Frequently Asked Questions

Costs vary greatly depending on the applicant, surety bond size and type. You can visit our application center and get a firm quote.

Industry experience, strong personal credit, business and personal financials will help lower bond rates. However, this will vary greatly by bond type.

No. Generally, you will pay a percentage of the bond amount, which is based strongly on your financial strength. However, some contract bonds require you to pay a percentage of the full contract amount. You can apply online and get a firm quote.

The bond size and the risk you pose to the surety are used. Generally, sureties determine your risk by establishing the line of work, reviewing your personal credit, business/personal financials and industry experience. These items are used to get an indication of your potential to trigger a bond claim for not fulfilling your obligations.


What does a surety bond cost?

There are three parties involved; the bond holder, the obligee and the surety company, which is who provides the bond guaranteeing obligations will be fulfilled. A bond premium is paid to the surety company in exchange for the bond they provide. A claim can arise if obligations are not satisfied. The surety will investigate the claim. If the claim is valid the surety will pay it, but will come to the bond holder for reimbursement.

The obligee requires a bond because it guarantees you will fulfill your obligations. It is protection for the public, not you.

Yes. We have exclusive high risk bond markets for license & permit bonds and can usually get you approved regardless of credit issues. Most people can also get approved for fidelity bonds regardless of credit.

We may be able to approve you for a court bond with bad credit, but this varies on the type and your financial situation. For contract bonds, larger contractors with poor credit can be approved with strong CPA prepared business financials. However, smaller contract accounts will not be able to obtain a bond as there are no high risk markets.

With surety bonds, the obligee will determine whether a bond is required. Bond requirements vary greatly by your occupation and location.

Fidelity bonds are insurance and are usually optional to obtain. However, they are sometimes required along with a surety bond to operate legally.

Yes! You can sign up as a broker on our website and begin submitting applications now.


Top 5 things you should know

It is a guarantee that obligations will be fulfilled. What the surety bond guarantees varies depending on the bond type as there are hundreds of bonds for many different occupations. They are sometimes referred to as a "security bond", which is an incorrect name.

It is the entity that requires a bond of you in order to operate legally.

It is an insurance product that protects against employee dishonesty such as embezzlement and theft. There are different types of fidelity bonds that provide various forms of protection. Fidelity bonds are insurance and are generally optional to obtain, while surety bonds are required.


What are surety bonds?

First, you need to apply online where you can get an instant approval. Once you're approved, you will need to sign the indemnity agreement, send payment and we will ship the bond to you.

We provide instant online approvals for license & permit and miscellaneous bonds. However, we do not offer instant approvals for contract or court bonds, as the underwriting process generally involves a more extensive review of the applicant.

Your marriage legally joined your assets with your spouse. Your spouse is required to sign the indemnity agreement on your behalf, just as you are, to confirm they agree to pledge your shared assets and reimburse the surety for any potential claims. Bonding companies also use spousal indemnification to get an indication of your character. If your spouse will not guarantee you, the bonding company also will not.

It is a blank copy of the bond required by the obligee, and it states exactly what the bond guarantees. We have most of the industry standard forms on file. If we do not have your bond form, you will need to obtain it from the obligee.


How to get surety bonds

Contact the claims department of the surety company who wrote your bond. The surety will investigate and determine whether the claim is false.

You must abide by the terms of the bond and fulfill all obligations.

A bond is a form of credit to you, not insurance. When a surety extends credit to you with a bond, they are vouching that you will abide by the terms of the bond. If you don't, you are responsible for any claims triggered as a result of not abiding by the bond terms.


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"We are a small business that requires bonding services. Patsy with J.W. Surety Bonds is an amazing person to work with! She is always prompt, knowledgeable and a pleasure to work with."