Why do you need a financial guarantee bond?
A financial guarantee bond is needed to guarantee the payment of items such as taxes, leases, etc. This isn't technically a specific bond type, as the term "financial guarantee bond" is used when referring to commercial bonds such as fuel tax bonds, sales tax bonds, etc.
For example, if you don't submit payment according to the terms of your bond, a claim can be filed on your bond. The claim will initially be paid by the surety who wrote your bond, but will ultimately come back to you for reimbursement.
If you're unsure whether you need a bond, you can select your state from the list below to view the bond requirements.
Frequently Asked Questions
The cost is usually 1 – 10% of the bond amount. Keep in mind that pricing varies based on the bond amount, and your financial strength.
Apply and get approved on our website, sign the surety agreements, and we will ship the bond out. If you would like to learn more about what surety bonds are and how they work, you can read our detailed guide here.
Yes, it’s possible, but bad credit usually results in higher rates.
Yes. We provide the lowest rates possible as a result of the large volume of bonds we write.
You must contact us immediately, as we have a team of claim specialists here to find a resolution for you. Keep in mind, it is crucial that you work with an expert in the surety industry. Learn more about how to ensure you choose the proper bond company.
You can take a look at our full list of license and permit bonds.
