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).