Maryland Surety Bond Types

Every state government has different laws about what kinds of businesses need to be bonded, and Maryland is no exception. Maryland’s state government protects its consumers from being taken advantage of by requiring businesses to secure surety bonds. Surety bonds in Maryland work the same as those in other states. When two individuals or businesses enter into a contract, a surety is often present to guarantee that services are fully completed and all stipulations are followed. The principal promises to fulfill a duty for the obligee, which is usually a department of Maryland’s state government. When a principal secures a surety bond, the obligee is assured the duty we be performed. If the principal fails to meet the contract’s stipulations, the obligee may collect retribution up to the bond’s full amount.

One type of bond required in Maryland is the promoter’s boxing and wrestling tax bond. The Maryland state government requires boxing and wrestling promoters to obtain this bond to ensure that they don’t take advantage of the wrestlers and boxers they are promoting. Once bonded the promoters are held financially accountable for any decisions they make that do not follow the bond’s stipulations. If this happens the principal pays financial retribution to the obligee, which, in this case, is the Maryland state government. Another popular bond in Maryland is the Nominal Bond of Personal Representative that is required for all executors of wills.

Maryland Surety Bond Requirements

Other industries in Maryland require bonding as a part of their legal licensing procedure. Make sure to check both your local and state regulations to avoid possible penalties. But surety bonds aren’t only for businesses and individuals who are required to secure them. Countless business owners purchase bonds for extra security against actions such as employee theft. Surety bonds are designed to protect you and your customers. Once your customers know that you have a surety bond in place, they will feel more confident about entering into a contract with you. They will see you as an ethical business owner who holds customer satisfaction in the highest regard.

Although surety bonds are very important and beneficial for a business to obtain, applying for them in Maryland is quite easy, even if you’re not exactly sure what you’re looking for. Numerous surety bond specialists can be found online if you just don’t know where to start. Applications can be filed online in minutes, and you can get a quote back in a matter of days. Take a few minutes out of your day and consider all the benefits a surety bond can offer you, your business and your customers.

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Bond Type Obligee Cost Apply Get Quote
Agent Distributor Bond Department of Natural Resources, Licensing and Watercraft Registration Services
580 Taylor Ave.
Annapolis , MD 21401
Apply Now Get Quote
Baltimore, Maryland - Auctioneer License Bond City of Baltimore
100 N. Holliday St.
Baltimore , MD 21202
Apply Now Get Quote
Baltimore, Maryland - Master Electrician Bond City of Baltimore
100 N. Holliday St.
Baltimore , MD 21202
Apply Now Get Quote
Beer Bond
(Non-Resident or Resident Dealer)
State Comptroller
P.O. Box 2999
Baltimore, MD 21202
$5,000 Apply Now Get Quote
Boat Dealer Bond Department of Natural Resources
580 Taylor Ave.
Annapolis , MD 21401
Apply Now Get Quote
Calvert County, Maryland - Contractor Bond Calvert County
175 Main St
Pricne Frederick , MD 20678
Apply Now Get Quote
Calvert County, Maryland - Sewage Disposal Installer Bond Calvert County
175 Main St
Pricne Frederick , MD 20678
Apply Now Get Quote
Check Casher Licensee Bond Commissioner of Financial Regulation
500 N. Calvert St.
Baltimore, MD 21202
Apply Now Get Quote
Cigarette Bond State Comptroller
P.O. Box 2999
Baltimore, MD 21404
Apply Now Get Quote
Collection Agency Licensee Bond Collection Agency Licensing Board
500 N. Calvert St.
Baltimore, MD 21202
Apply Now Get Quote
Consumer/Installment Loan Licensee Bond Commissioner of Financial Regulation
500 N. Calvert St.
Baltimore, MD 21202
Apply Now Get Quote
Credit Hauling Bond State Highway Administration
707 N. Calvert St.
Baltimore, MD 21202
Apply Now Get Quote
Credit Services Licensee Bond Commissioner of Financial Regulation
500 N. Calvert St.
Baltimore, MD 21202
Apply Now Get Quote
District Court Bond Corresponding District Court
Varies
, MD
Apply Now Get Quote
DMEPOS Bond Centers for Medicare & Medicaid Services
7500 Security Blvd.
Baltimore, MD 21244
varies Apply Now Get Quote
Frederick County, Maryland - Electrical Bond Frederick County
12 E. Church St.
Frederick , MD 21701
$10,000 Apply Now Get Quote
Frederick County, Maryland - Payment Bond Frederick County
12 E. Church St.
Frederick , MD 21701
Apply Now Get Quote
Frederick County, Maryland - Septic System Installer Bond Frederick County
12 E. Church St.
Frederick , MD 21701
Apply Now Get Quote
Gas and Oil Drilling and Operating Blanket Bond Department of The Environment
1800 Washington Blvd.
Baltimore, MD 21230
Apply Now Get Quote
Gas and Oil Drilling and Operating Bond Department of The Environment
1800 Washington Blvd.
Baltimore, MD 21230
Apply Now Get Quote
Grain Dealer's License Bond Department of Agriculture
50 Harry S. Truman Prkwy.
Annapolis , MD 21401
Apply Now Get Quote
Hauling Performance Bond State Highway Administration
707 N. Calvert St.
Baltimore, MD 21202
Apply Now Get Quote
Health Club Bond Consumer Protection Division
200 St. Paul Place
Baltimore, MD 21202
Apply Now Get Quote
Home Improvement Contractor's Bond
($100,000)
Home Improvement Commission
500 N. Calvert St.
Baltimore, MD 21202
$100,000 Apply Now Get Quote
Home Improvement Contractor's Bond
($20,000)
Home Improvement Commission
500 N. Calvert St.
Baltimore, MD 21202
$20,000 Apply Now Get Quote
Information Requestor Driver/Vehicle Records Bond Motor Vehicle Administration
6601 Ritchie Hwy. N.E.
Glen Burnie, MD 21062
Apply Now Get Quote
Insurance Administration Broker Bond Insurance Commissioner
200 St. Paul Place
Baltimore, MD 21202
$150,000 Apply Now Get Quote
Insurance Administration Insurance Advisor Bond Insurance Commissioner
200 St. Paul Place
Baltimore, MD 21202
$1,000 Apply Now Get Quote
Insurance Administration Title Bond Insurance Commissioner
200 St. Paul Place
Baltimore, MD 21202
$150,000 Apply Now Get Quote
Master Well Driller License Bond Board of Well Drillers
1800 Washington Blvd.
Baltimore, MD 21230
$5,000 Apply Now Get Quote
Money Transmitter Licensee Bond Commissioner of Financial Regulation
500 N. Calvert St.
Baltimore, MD 21202
Apply Now Get Quote
Mortgage Lender Licensee Bond Commissioner of Financial Regulation
500 N. Calvert St.
Baltimore, MD 21202
Apply Now Get Quote
Personal Representative Nominal Bond State of Maryland
45 Calvert St.
Baltimore, MD 21202
Apply Now Get Quote
Prince George's County - Motor Vehicle Repair Facility Prince George's County
14741 Governor Oden Bowle Dr.
Mariboro , MD 20772
Apply Now Get Quote
Professional Solicitors and Public Safety Solicitors Bond Secretary of State
State House
Annapolis , MD 21401
$25,000 Apply Now Get Quote
Promotor's Boxing and Wrestling Tax Bond Department of Labor, Licensing, and Regulation
500 N. Calvert St., Rm. 304
Baltimore, MD 21202
Apply Now Get Quote
Pump Installer License Bond Board of Well Drillers
1800 Washington Blvd.
Baltimore, MD 21230
$2,000 Apply Now Get Quote
Surface Mining Bond Department of The Environment
1800 Washington Blvd.
Baltimore, MD 21230
Apply Now Get Quote
Surplus Lines Broker Insurance Commissioner
200 St. Paul Place
Baltimore , MD 21202
Apply Now Get Quote
Title Service Agent Bond Motor Vehicle Administration
6601 Ritchie Hwy. N.E.
Glen Burnie, MD 21062
Apply Now Get Quote
Vehicle or Trailer Dealer Bond Motor Vehicle Administration
6601 Ritchie Hwy. N.E.
Glen Burnie, MD 21062
Apply Now Get Quote
Voluntary Cleanup Program - Performance Bond Department of The Environment
1800 Washington Blvd.
Baltimore, MD 21230
Apply Now Get Quote
Washington County, Maryland - Commercial Entrance Washington County
100 W. Washington St. Rm. 113
Hagerstown , MD 21740
Apply Now Get Quote
Washington County, Maryland - Driveway performance Bond Washington County
100 W. Washington St. Rm. 113
Hagerstown , MD 21740
Apply Now Get Quote
Washington County, Maryland - Street Connection Bond Washington County
100 W. Washington St. Rm. 113
Hagerstown , MD 21740
Apply Now Get Quote
Washington County, Maryland - Utility Installation Washington County
100 W. Washington St. Rm. 113
Hagerstown , MD 21740
Apply Now Get Quote
Water Conditioner Installer License Bond Board of Well Drillers
1800 Washington Blvd.
Baltimore, MD 21230
$2,000 Apply Now Get Quote