Which Surety Bond in Vermont Do You Need?
There are three types of surety bonds that can be required of you:
- License and permit bonds needed for many professions such as auto dealers and mortgage brokers to operate legally.
- Contractor bonds for public construction projects.
- Court bonds required by the courts for various purposes.
Getting License and Permit Bonds
Vermont requires license and permit bonds in order to get and file licenses/permits for many different professions. You can find the full list of license and permit bonds required by using our bond requirement search tool below.
Vermont License, Permit & Commercial Bond Search
|Vermont Agent to Sell Spirituous Liquors Bond||Vermont Dept of Liquor Control||Montpelier||Apply|
|Vermont BOND TO STATE OF VERMONT||State of Vermont Dept Taxes||Montpelier||Apply|
|Vermont Investment Advisor Bond||Department of Financial Regulation||Montpelier||Apply|
|Vermont Loan Servicer||Commissioner of Banking & Insurance||Montpelier||Apply|
|Vermont Mortgage Broker||Commisioner of Banking, Insurance, Securities and Health Care Administration||Montpelier||Apply|
|Vermont Mortgage Lender||Commissioner of Banking & Insurance||Montpelier||Apply|
|Vermont Motor Vehicle Dealer||VT DOT - Agency of Transportation||Montpelier||Apply|
|Vermont Tobacco Manufacturer Bond||State of Vermont||Montpelier||Apply|
|Vermont Town of Highgate, VT Pawn Shop Bond||Town of Highgate||Highgate Center||Apply|
Getting Contract Bonds for Jobs
Contract bonds such as bid and performance bonds are needed to work on public construction projects. However, these are usually required by cities or municipalities as opposed to the state. You can learn more about what’s needed to get surety bonds for construction projects.
Getting Court Bonds in Vermont
Court bonds aren’t needed as often as the bonds mentioned above, but can be required by the courts if you need to appeal a court decision, become a legal guardian of a minor or operate as a fiduciary of an estate.
What Do Vermont Surety Bonds Cost?
Surety bonds generally cost 1-15% of the required bond amount. Costs vary significantly depending on the bond amount you need and your rate (which is the percentage of the full bond amount you must pay). You can get an instant estimate by using our bond premium calculator, or apply online to get a firm surety bond quote.
Can You Get Bonded with Bad Credit?
It’s possible to get surety bonds with bad credit, but it will depend on the bond type you need and how severe your credit issues are. You can get approved for most license and permit bonds with bad credit. However, it is more difficult to get contract bonds with credit issues.