Utah Surety Bond Types

There are many unique types of businesses in Utah that require the security of a surety bond to operate legally. The purpose of surety bonds is to protect both the company, who acts as the principal, and its customers, who are the obligees. When a principal and an obligee enter into a contract a surety is often present. A surety is a person, or company, who requires the principal to keep his or her side of the bargain, even if something unexpected happens. This way the obligee, or the customer, gets what he or she was promised. Securing a surety bond is an obvious choice for most any business.

While some business owners in Utah might think they can get away without having a surety bond they should know that the government requires many different types of business to obtain a surety bonds. The reasons for this can vary, but generally the government hopes to protect either itself or consumers against any fraudulent activities.

Utah Surety Bond Requirements

A specific type of bond required by the Utah state government is the private club bond. The Utah Department of Alcoholic Beverage Control requires any business who wants to obtain a club liquor license to secure a $10,000 surety bond. This bond binds the business to the department in case of fraudulent behaviors.

But surety bonds in Utah aren’t just about fulfilling government regulations. They’re also good to have because they increase the confidence a customer has in you and your business. Knowing a business has secured a surety bond to protect the best interest of its customers or its government is a powerful bargaining chip when entering into a contract. Customers and legal organizations will have a greater respect for you and your ethical business decisions since you have taken interest in making sure you have taken care of them.

Even though your business may not require a club liquor license you should still check with the local and Utah state government rules and regulations regarding surety bonds for the type of business you currently maintain or plan to open. If you’re unsure about surety bond requirements don’t hesitate to find a specialist who can guide you through the process. Once you know what you need you can apply for a bond online in a matter of minutes. Finding the surety bond that is right for you and your business is both easy and worthwhile.

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Bond Type Obligee Cost Apply Get Quote
Alcoholic Beverage Manufacturing Bond Department of Alcoholic Beverage Control
P.O. Box 30408
Salt Lake City, UT 84130
$10,000 Apply Now Get Quote
Beer Wholesaling Bond Department of Alcoholic Beverage Control
P.O. Box 30408
Salt Lake City, UT 84130
$10,000 Apply Now Get Quote
Consumer Protection Bond Department of Commerce, Division of Consumer Protection
SM Box 146704
Salt Lake City, UT 84114
varies Apply Now Get Quote
Corporate Indemnity Bond of Broker Dealer Department of Commerce, Division of Securities
P.O. Box 146760
Salt Lake City, UT 84114
$100,000 Apply Now Get Quote
Corporate Indemnity Bond of Investment Adviser Department of Commerce, Division of Securities
P.O. Box 146760
Salt Lake City, UT 84114
$10,000 Apply Now Get Quote
DMEPOS Bond Centers for Medicare and Medicaid Services
7500 Security Blvd.
Baltimore, MD 21244
varies Apply Now Get Quote
Encroachment Bond Region 1 Department of Transportation
4501 S. 2700 W.
Salt Lake City, UT 84114
Apply Now Get Quote
Encroachment Bond Region 2 - Tooele, Salt Lake and Summit Counties Department of Transportation
4501 S. 2700 W.
Salt Lake City, UT 84114
Apply Now Get Quote
Encroachment Bond Region 3 - Juab, Utah Wasatch, Duchesne, Daggett and Uintah Counties Department of Transportation
4501 S. 2700 W.
Salt Lake City, UT 84114
Apply Now Get Quote
Encroachment Bond Region 4 - Cedar, Price, Richfield Counties Department of Transportation
4501 S. 2700 W.
Salt Lake City, UT 84114
Apply Now Get Quote
Exploration and Production Waste Disposal Facility Bond Department of Natural Resources, Division of Oil Gas & Mining
P.O. Box 145801
Salt Lake City, UT 84114
varies Apply Now Get Quote
Fuel Tax Bond State Tax Commission, Taxpayer Services Division
210 N. 1950 W.
Salt Lake City, UT 84134
varies Apply Now Get Quote
License and Permit Bond Department of Transportation
4501 S. 2700 W.
Salt Lake City, UT 84114
varies Apply Now Get Quote
Limited Restaurant Bond Department of Alcoholic Beverage Control
P.O. Box 30408
Salt Lake City, UT 84130
$5,000 Apply Now Get Quote
Motor Vehicle Dealer, Crusher or Body Shop Bond Motor Vehicle Enforcement Division
210 N. 1950 W.
Salt Lake City, UT 84134
varies Apply Now Get Quote
Motor Vehicle Defective Title or Insufficient Evidence of Ownership Bond Tax Commission
210 N. 1950 W.
Salt Lake City, UT 84134
varies Apply Now Get Quote
Motor Vehicle Inspection Station Bond Tax Commission
210 N. 1950 W.
Salt Lake City, UT 84134
$10,000 Apply Now Get Quote
On-Premise Beer Bond Department of Alcoholic Beverage Control
P.O. Box 30408
Salt Lake City, UT 84130
$2,000 Apply Now Get Quote
Package Liquor Agency Utah Alcoholic Beverage Control Commission
1625 S. 900 West
Salt Lake City , UT 84104
Apply Now Get Quote
Payment Bond
(Title 63, Chapter 56, U.C.A. 1953, as Amended)
Varies
Varies by obligee
, UT
varies Apply Now Get Quote
Performance Bond
(Title 63, Chapter 56, U.C.A. 1953, as Amended)
Varies
Varies by obligee
, UT
varies Apply Now Get Quote
Private Club Bond Department of Alcoholic Beverage Control
P.O. Box 30408
Salt Lake City, UT 84130
$10,000 Apply Now Get Quote
Residential Mortgage Lender Bond
(Individual Applicant)
Division of Real Estate
P.O. Box 146711
Salt Lake City, UT 84114
$10,000 Apply Now Get Quote
Restaurant Liquor Bond Department of Alcoholic Beverage Control
P.O. Box 30408
Salt Lake City, UT 84130
$10,000 Apply Now Get Quote
Sales Tax Bond State Tax Commission, Taxpayer Services Division
210 N. 1950 W.
Salt Lake City, UT 84134
varies Apply Now Get Quote
Self-Insurance Aggregate Bond Taxpayer Services Division
P.O. Box 146610
Salt Lake City, UT 84114
varies Apply Now Get Quote
Temporary Special Event Beer Bond Department of Alcoholic Beverage Control
P.O. Box 30408
Salt Lake City, UT 84130
$500 Apply Now Get Quote
Utah Residential Mortgage Lender Bond
(Entity Applicant)
Division of Real Estate
P.O. Box 146711
Salt Lake City, UT 84114
$25,000 Apply Now Get Quote
Vernal, Utah - Contractor Bond Vernal City
447 E. Main
Vernal , UT 84078
Apply Now Get Quote
Well Driller's Bond Division of Water Rights
P.O. Box 146300
Salt Lake City, UT 84114
$5,000 Apply Now Get Quote