Frequently Asked Questions

Costs are a percentage of the full bond amount, which is usually based on your personal credit. You can use our tool to get a ball park estimate or an exact quote. You can also learn more about how your bond costs are calculated and three things you should consider besides pricing.

Providing industry experience, strong personal credit and business/personal financials will help lower your bond rate. Learn more about how your bond rate is calculated.

No. Generally, you will pay a percentage of the bond amount, which is based largely 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 your likelihood of causing bond claims are used to calculate premium. Bond companies determine your odds of causing claims by looking at your line of work, personal credit and industry experience. Keep in mind, you’re responsible to pay for bond claims in full (including legal costs). Find out additional reasons why you should avoid bond claims at all costs.


What does a surety bond cost?

If you’re required to get a surety bond, it’s to guarantee that you will operate professionally (there are hundreds of different bonds used for many purposes). If you break the rules, a claim can be made on your bond which you’re responsible to pay. Learn more about how surety bonds work.

You are required to get a bond because it guarantees you will fulfill your obligations. It’s protection for the public, not you.

Yes. We have exclusive high risk bond markets for license & permit bonds and can usually get you approved even with 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’s a guarantee that you will operate professionally. Surety bond guarantees vary depending on the type of bond you need, and there are hundreds of bonds required for many different occupations/uses. They are sometimes referred to as "security bonds", which is an incorrect term. Find out more about what surety bonds are and how they work.

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?

If you already know which bond you need, simply apply online and get instantly approved. If you’re unsure of which type of bond you need, please contact a bond professional.

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

If you have a bond with our company, please contact us immediately so we can assist you with the claim process. If you have a bond with a different agency, you’ll have to contact the claims department of the bond company who wrote your bond.

You must follow the terms of the bond and fulfill all of your obligations (this varies greatly depending on the bond type). If you have any questions about what your bond does or doesn’t guarantee, please contact a bond professional.

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 comply with all bond terms, you are responsible for any claims triggered as a result.


Avoids claims at all costs

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Why Choose JW Surety Bonds?


Elizabeth Bos See more client reviews
"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."