Oregon Surety Bond Types

Surety bonds protect consumers in Oregon and all across the United States. People like to feel assured when they’re doing business with industries and individuals who have a direct impact on their safety, such as doctors in the healthcare industry. The auto repair industry is another where the handiwork of a professional could substantially influence a person’s life, which is why Oregon’s DMV Business License Unit requires businesses to get a vehicle rebuilder bond before they are issued a business license.

The vehicle rebuilder bond is issued with the intent of holding businesses that repair cars responsible for the work they do. The bond also aims to keep these businesses from participating in fraudulent activities or making other unethical business decisions, such as intentionally overcharging a customer. If a customer can prove that the business has committed fraud, then he or she can file a claim against the business’s bond. The surety is then responsible for reimbursing the customer for damages. The business would be held responsible for paying all reimbursements and other fees.

Your Oregon Surety Bond Company

Although both surety bonds and insurance policies aim to protect people, it is important not to confuse the two.Having a bond means another individual, or company, acts as a surety by guaranteeing the business will fulfill all of its duties. The surety will require a credit check and review of financial statements from the business before issuing a bond. This ensures the business is financially sound enough to pay the bond’s full face value, because if a claim should be made the business would pay the obligee, not the surety company.

Numerous surety bond companies can be found online, which allows you to apply for a bond in a matter of minutes. Before applying make sure you have as much financial information about your business as possible. The rate you will be charged for your bond depends on your credit score and other similar financial factors. Sometimes you can get a quote back from the surety company in a matter of days.

Make sure to check both local and state regulations to determine if your business is required to be bonded. If your business isn’t required to be bonded, don’t worry. You can still take advantage of all the great benefits a surety bond offers. If you’re not sure what type of bond is right for you or your business, browse through our website. There are also many surety bond specialists who can assist you in getting the best bond for your needs.

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Bond Type Obligee Cost Apply Get Quote
Construction Consultant State of Oregon Construction Contractors Board
P.O. Box 14140
Salem , OR 97309
Apply Now Get Quote
General Contractor Bond Construction Contractors Board
P.O. Box 14140
Salem , OR 97309
Apply Now Get Quote
Health Care Service Contractor Bond Department of Consumer and Business Services
P.O. Box 14480
Salem , OR 97309
Apply Now Get Quote
Highway Use Tax Bond Oregon Department of Transportation Mortor Carrier Transportation Division
550 Capitol St. NE
Salem , OR 97301
Apply Now Get Quote
Landscape Contractor Bond Landscape Contractors Board
2111 Front St. NE Ste. 2-101
Salem , OR 97301
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Limited Contractor - Residential Construction Contractors Bored
700 Summer St. Ste. 300
Salem , OR 97309
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Liquor Control Commission Liquor Control Commission
9079 McLoughlin Blvd.
Portland , OR 97222
Apply Now Get Quote
Manufactured Structures Dealer Department of Consumer and Business
P.O. Box 14480
Salem, OR 97309
Apply Now Get Quote
Mortgage Broker Bond Oregon Department Consumer and Business
P.O. Box 14480
Salem , OR 97309
Apply Now Get Quote
Motor Vehicle Dealer or Rebuilder Bond Department of Transportation Driver and Motor Vehicle Services
1905 Lana Ave. NE
Salem , OR 97314
Apply Now Get Quote
Motor Vehicle Fuel Dealer Department of Transportation
550 Capitol St. NE
Salem , OR 97301
Apply Now Get Quote
Motorcycle Dealer Bond Department of Transportation
1905 Lana Ave. NE
Salem , OR 97314
Apply Now Get Quote
Specialty Contractor: Residential State of Oregon Construction Contractors Board
P.O. Box 14140
Salem , OR 97309
Apply Now Get Quote
Vehicle Dismantler Business Bond Department of Motor Vehicles
1905 Lana Ave. NE
Salem , OR 97314
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Wholesale Fish Dealer Department of Fish and Wildlife
3406 Cherry Ave.
Salem , OR 97303
Apply Now Get Quote
Wholesale Produce Dealer Oregon Department of Agriculture
635 Capitol St. NE
Salem , OR 97301
Apply Now Get Quote