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Most Popular Bonds in Maryland
- Automobile Insurance Fund Producer Bond
Required for individuals who transact automobile insurance fund business
- Business Service Bond
Those who work in clients' homes or businesses purchase these bonds to protect against theft
- Home Improvement Contractor Bond
Required for individuals who perform home improvement construction work
- Janitorial Service Bond
Individuals who operate a cleaning company purchase these bonds to protect against theft
- Mortgage Lender Licensee Bond
Required for individuals who service, collect, or receive mortgage loans for others
- Nominal Bond of Personal Representative
Required for individuals managing decedent estate assets
- Private Home Detention Monitoring Agency Bond
Required for individuals who provide court-ordered monitoring services
- Title Service Agent Bond
Required for individuals who provide title and tag services for vehicles
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Maryland Surety Bond Costs
“How much will my surety bond cost?” is the most common question our clients ask. Although several factors impact your exact surety bond cost, the primary factor is risk. “High risk” means there’s an increased chance that a claim will be made against a bond; these bonds typically require underwriting consideration. Low-risk bonds, on the other hand, can often be issued instantly for a set price.
$10,000 Maryland automobile insurance fund producer bonds, for example, are issued instantly at $100 for a 1-year term. Home improvement contractor bonds, though also issued for Maryland, require a review of the applicant’s credit history and bond amount. This bond can cost as little as $400, depending on the applicant’s credentials.
Consulting a surety professional is the best way to determine your exact surety bond cost in Maryland. You can request your free quote online, or you can call 1 (800) 308-4358 to speak with an experienced bond specialist. SuretyBonds.com works with you to provide the lowest available rate, no matter your circumstances.
Determining Your Maryland Bond Type
With thousands of unique surety bond forms available nationwide, we know that determining the exact one you need can be confusing. Maryland has a variety of surety bond requirements, and it’s important to provide the right bond to earn licensure or protect a title on a vehicle, for example.
Contacting the obligee — the entity requiring the bond — is the best way to ensure you’re obtaining the correct bond. The department, office, or board requiring the bond can connect you with the bond form needed, as well as your required bond amount. These two pieces of information can speed up the bonding process when you work with SuretyBonds.com and guarantee you’re getting the bond you need at the best price available.
The SuretyBonds.com Advantage
Our mission is to provide every client with fast, easy, and accurate service while offering the best available rate. We achieve this by maintaining relationships with the nation’s leading surety underwriters, which ensures our clients have access to the lowest premiums. Over the years, we’ve also perfected our proprietary bonding system, which allows us to provide clients with unparalleled turnaround times.
Maryland License Information
SuretyBonds.com is legally licensed to issue bonds in Maryland.
Agency License # NPI 100025185
Agent Producer License # 100050560