Instant Freight Broker Bond Quotes
Get Bonded Online in Three Steps
- 1. Real-Time Quote
- 2. Buy Securely Online
- 3. Get Bonded in Minutes
Get a Freight Broker Bond Quote In Minutes
Most companies don’t provide real time quotes. Instead, they collect your information to contact you later. Our industry-leading technology allows us to find the best rates and provide free quotes instantly online using soft credit pulls.
Pay Instantly Online
Once you are approved, you can login and pay securely online at any time. There is absolutely no obligation to move forward if you change your mind. Payments are 100% secure.
Get Bonded in Minutes
Simply sign your bond and send it to the obligee (the one requiring the bond). You can print your bond right then or have it mailed. It’s truly that easy.
Surety Bond Cost Breakdown
Surety bond costs are provided as dollars per thousand, represented by the dollar amount with a capital M. The premium formula is as follows: you bond amount x your rate / 1000. You can also look at the rate as a percentage of the bond amount you must pay. For instance, a 1% rate ($10 / M) on a $10,000 bond would cost you $100. The table below shows example calculations based on these factors.
|$10 / M||$15 / M||$30 / M||$50 / M||$75 / M|
|$5,000 Surety Bond||$100*||$100*||$150||$250||$375|
|$10,000 Surety Bond||$100||$150||$300||$500||$750|
|$12,500 Surety Bond||$125||$188||$375||$625||$938|
|$25,000 Surety Bond||$250||$375||$750||$1,250||$1,875|
|$30,000 Surety Bond||$300||$450||$900||$1,500||$2,250|
|$50,000 Surety Bond||$500||$750||$1,125||$2,250||$3,750|
|$75,000 Surety Bond||$750||$1,125||$2,250||$3,750||$5,625|
|$100,000 Surety Bond||$1,000||$1,500||$3,000||$5,000||$7,500|
* A $100.00 minimum premium is generally required by sureties.
Sample Surety Bond Cost Calculation
Let’s say you need a $25,000 surety bond for your business, and the rate provided based on your credit history, business financial statements, and experience in the industry is $15 per thousand. This means the cost of your surety bond is $375, or 1.5% of the bond amount needed.
If you have less than ideal credit or minimal experience in your industry, your rate may be higher. For the same $25,000 bond with a rate of $50/M, the cost of your bond is $1,250. This is equal to 5% of the total bond amount.
Go Direct with JW Surety Bonds
As the nation’s largest volume producing MGU, we work with thousands of insurance brokers that are unable to get their clients’ bonds approved without our specialty bond programs and rates. If you apply with another agency, it may result in your applications being submitted to us, but with an unnecessary middle-man involved.
Working with JW Surety Bonds means you’re in direct contact with the decision maker for the approval of your bond. Most agencies have to provide your bond request to a carrier side underwriter, which slows the process tremendously. And further, to access specialty programs, these smaller agencies must submit your bond request to one of the few bond MGU specialists in the country. JW Surety Bonds is the nationally recognized leading volume MGU in the United States.
What Our Clients Have To Say
Our company has been with JW Surety for several years now so when we needed to obtain a bond for a new company, we immediately went to them for help. Our rep, Melissa, was extremely helpful and prompt which made the process extremely easy for me.
Trying to get a local Surety Bond was like driving a car on three tires. I searched Surety Bonds and found JW Surety Bonds. I got online and filled out the information and with in 30 minutes received a response from Melissa. She was informative, friendly and helpful. One more super satisfied customer.