Utility Surety Bond Definition: What is It and Why Do You Need One?
You are required to get a surety bond for your utilities to protect public or private utility companies. If you do not pay utility bills on time, a claim can be filed on your bond. If you would like to learn more about what surety bonds are and how they work, you can read our detailed guide here.
How Much Does a Utility Bond Cost?
Pricing is a small percentage of the required bond amount (usually 1-15% of the required bond amount).
Frequently Asked Questions
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.