Surety Bonds 101: How much does a surety bond cost?

surety bond cost

Business professionals come to SuretyBonds.com because they’ve been told they need a surety bond by the government agency in charge of licensing/registration for their city/state and industry. Most of the time, these professionals have no idea what a surety bond is, why they need one, how to get one and how much their bond will cost. That’s where our experts come in. Our surety specialists do all of the hard work for you to ensure that you get the surety bond you need quickly, easily and accurately, but we make it a priority to inform our clients about the bonding process from start to finish. We believe that the more you know, the more comfortable you’ll feel allowing us to complete the bonding process on your behalf.

Because most cities/states and industries require surety bonds as part of the licensing process, business professionals should account for the surety bond cost in their start-up budget. But, how can you do that when you don’t know how much your bond will cost?

Several factors impact the price you’ll pay for your surety bond, including:

  • the bond type/amount of risk associated with the bond
  • your personal credit report and other financial credentials (if necessary)
  • the required bond amount
  • the term of the bond

Some bonds can be issued instantly for a flat rate without a credit check, while others require underwriting consideration. To explain further, the experts at SuretyBonds.com have created this guide to surety bond costs:

Because there are so many different types of surety bonds and each one has a specific underwriting process, it’s impossible to make a blanket statement about surety bond cost. The best way to find out how much you’ll pay for your surety bond is to connect with our team of experts by phone at 1 (800) 308-4358 or online. The SuretyBonds.com surety specialists are here to answer all of your questions and provide you with fast and easy bonding services.

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