South Carolina Surety Bond Types

Many states require their businesses to secure a surety bond as a means of ensuring that they fulfill their contractual obligations. Surety bonds in South Carolina vary in amounts depending on the type of bond and the individual characteristics of each business. When entering into a surety bond contract three parties are present: the principal, the obligee and the surety. The principal is the company intending to conduct business from which the obligee receives benefits. They surety acts as a protective measure that guarantees the principal will fulfill its contractual obligations. Because a surety bond has been secured, if the principal fails to complete its duties the obligee may seek reimbursement for hard done.

In 2006, twenty-four percent of South Dakota was classified as rural, which explains why agriculture is such an important industry to the state. One of the most significant bonds required by the state is a Dealers and Handlers of Agricultural Products Bond. Anyone who purchases products (except tobacco, cotton, dairy, or timber) from the producer or farmer and pays with something other than cash must be licensed and bonded. This ensures that farmers receive payment for their products. In this case, the Commissioner of Agriculture of the State of South Carolina acts as the obligee while the business obtaining the bond is obviously the principal.

Your South Carolina Surety Bond Company

Many other industries in South Carolina also require their businesses to obtain surety bonds as a protective measure, including the insurance, plumbing and mortgage broker industries. Despite the exact industry you belong to, you should check both local and state rules and regulations regarding surety bonds.

However, even if you’re not required to secure a surety bond doesn’t mean you can’t take advantage of all the great benefits they can offer. You can get a surety bond just to give your business a little extra protection from unexpected events like employee theft. If you’re not sure which bond would be best for you, try browsing online or contact a surety bond specialist who will work with you to find the best bond for your business. By securing a surety bond you promote your company as dedicated to business ethics and customer satisfaction. Your potential customers will realize this and appreciate the effort you have made to protect the integrity of your business no matter the situation.

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Bond Type Obligee Cost Apply Get Quote
Bingo Revenue Bond Department of Revenue
P.O. Box 125
Columbia, SC 29214
varies Apply Now Get Quote
Bond Required of Employer Carrying His Own Risk Workers Compensation Commission
P.O. Box 1715
Columbia, SC 29202
varies Apply Now Get Quote
Broker Bond Department of Insurance
Capitol Center, 1201 Main St., Ste. 1000
Columbia, SC 29201
$10,000 Apply Now Get Quote
Columbia, South Carolina - Contractor Bond City of Columbia
P.O. Box 14785
Columbia , SC 29217
Apply Now Get Quote
Dealers and Handlers of Agricultural Products Department of Agriculture
P.O. Box 11280
Columbia, SC 29211
varies Apply Now Get Quote
Discount Medical Plan Organization Bond Administrator of the Department of Consumer Affairs
P.O. Box 5757
Columbia, SC 29250
varies Apply Now Get Quote
DMEPOS Bond Centers for Medicare & Medicaid Services
7500 Security Blvd.
Baltimore, MD 21244
varies Apply Now Get Quote
Fiduciary Bond Probate Court
varies
varies, SC varie
varies Apply Now Get Quote
Forest Acres - Contractor Bond City of Forest Acres
5205 N. Trenholm Rd.
Forest Acres , SC 29206
Apply Now Get Quote
Insurance Administrator Bond Department of Insurance
1201 Main St., Ste. 1000
Columbia, SC 29201
$75,000 Apply Now Get Quote
Licensed Residential Speciality Contractor License Bond Residential Builders Commission
110 Centerview Dr., Ste. 306
Columbia, SC 29210
varies Apply Now Get Quote
Manufacturer's Representative License Bond Building Codes Council
110 Centerview Dr., Ste. 102
Columbia, SC 29201
varies Apply Now Get Quote
Modular Manufacturer License Bond Building Codes Council
110 Centerview Dr., Ste. 102
Columbia, SC 29201
varies Apply Now Get Quote
Mortgage Loan Broker Special Deposit Bond Administrator of the Department of Consumer Affairs
P.O. Box 5757
Columbia, SC 29250
varies Apply Now Get Quote
Motor Vehicle Dealer & Wholesaler Bond Department of Motor Vehicles
P.O. Box 1498
Blythewood, SC 29016
varies Apply Now Get Quote
North Augusta, South Carolina - Contractor Bond City of North Augusta
P.O. Box 6400
North Augusta , SC 29861
Apply Now Get Quote
Pawnbroker Special Deposit Bond Administrator of the Department of Consumer Affairs
P.O. Box 5757
Columbia, SC 29250
varies Apply Now Get Quote
Physical Fitness Bond Administrator of the Department of Consumer Affairs
P.O. Box 5757
Columbia, SC 29250
varies Apply Now Get Quote
Preneed Funeral Contracts Performance Bond Administrator of the Department of Consumer Affairs
P.O. Box 5757
Columbia, SC 29250
varies Apply Now Get Quote
Prepaid Legal Services Bond Administrator of the Department of Consumer Affairs
P.O. Box 5757
Columbia, SC 29250
$50,000 Apply Now Get Quote
Professional Employer Bond Department of Consumer Resources
P.O. Box 5757
Columbia, SC 29250
varies Apply Now Get Quote
Professional Solicitors Bond Public Charities Division
P.O. Box 11350
Columbia, SC 29211
$15,000 Apply Now Get Quote
Registered Residential Speciality Contractor License Bond Residential Builders Commission
110 Centerview Dr., Ste. 306
Columbia, SC 29210
varies Apply Now Get Quote
Reinsurance Intermediary-Manager Bond Department of Insurance
1201 Main St., Ste. 1000
Columbia, SC 29201
$50,000 Apply Now Get Quote
Residential Builder License Bond Residential Builders Commission
110 Centerview Dr., Ste. 306
Columbia, SC 29210
varies Apply Now Get Quote
Residential Contractor Bond Residential Builders Commission
P.O. Box 11329
Columbia, SC 29211
$15,000 Apply Now Get Quote
Residential Specialty Contractor Bond Residential Builders Commission
P.O. Box 11329
Columbia, SC 29211
$5,000 Apply Now Get Quote
Richland County, South Carolina - Contractor Bond Richland County
2020 Hampton St.
Columbia , SC 29202
Apply Now Get Quote
Rock Hill, South Carolina - Contractors Bond City of Rock Hill
P.O. Box 11706
Rock Hill, SC 29731
$5,000 Apply Now Get Quote
Service Contracts Bond Department of Insurance
1201 Main St., Ste. 1000
Columbia, SC 29201
$25,000 Apply Now Get Quote
Staff Leasing Bond Administrator of the Department of Consumer Affairs
P.O. Box 5757
Columbia, SC 29250
varies Apply Now Get Quote
State Motor Fuel Tax Bond Department of Revenue
P.O. Box 125
Columbia, SC 29214
varies Apply Now Get Quote
Tobacco Tax Bond Department of Revenue
P.O. Box 125
Columbia, SC 29214
varies Apply Now Get Quote
Well Driller Bond Department of Health & Environmental Controls
2600 Bull St.
Columbia, SC 29201
$25,000 Apply Now Get Quote