At SuretyBonds.com, we strive to make the bonding process as convenient as possible for not only our new clients, but also for our returning customers. That’s why, as a business professional who’s enjoyed fast, easy and accurate bonding from our surety bond company, you can expect a phone call from your account manager 90 days before your surety bond expires.
If you’ve purchased a New Jersey motor vehicle dealer bond or an Ohio fundraising bond in the last year, expect a phone call from your surety specialist in the next few weeks. Both of these bond types expire on March 31, 2013, and you’ll want to renew your bond before then to remain in compliance with the laws of your industry.
In most cases, bonds can be renewed for a rate similar to what you paid when you initially purchased the bond. If your credit score has improved over the past year — or if the bond requirement set by your state has changed — you might pay an even lower rate for your surety bond. Generally, qualified applicants can expect to pay 1-3% of the bond amount. This means that clients wanting a New Jersey motor vehicle dealer bond will pay anywhere from $100-300 for $10,000 worth of coverage, and clients looking to get an Ohio fundraising bond will pay anywhere from $100-$150 for $5,000 worth of coverage. Your exact premium will depend on your personal application, which includes a review of your credit score.
But don’t worry; at SuretyBonds.com, a poor credit score won’t keep you from getting the surety bond you need to run your business! We have a history of helping clients from a variety of industries and personal financial histories get bonded regardless of credit. Depending on personal and professional financial credentials, non-standard applicants can expect to pay rates between 7 and 20% of the bond amount.
To ensure that you remain in compliance with the laws of your industry, renew your New Jersey motor vehicle dealer bond or your Ohio fundraising bond as soon as possible. You can speak with a surety expert by calling 1 (800) 308-4358 Monday through Friday between 8 a.m. and 7 p.m. CST or submitting an online contact form 24/7.