Billings License and Permit Bond Guide
If you’re applying for a business license in Billings, Montana, you may need this surety bond.
Bond Overview
- Purpose: To protect the public from potential harm
- Who Needs It: Various contractors and business types in Billings, MT
- Regulating Body: The City of Billings
- Required Coverage: $1,000–$100,000
- Premium Rate: $5/$1,000 with a $100 minimum
Learn all about the bond requirements and process in this guide.
What Is a City of Billings License and Permit Bond?
A Billings, Montana license and permit bond creates financial security if a professional creates damages.
The City of Billings requires this bond as part of the licensing process for certain business owners, particularly contractors.
How Much Do License and Permit Bonds Cost?
A City of Billings license and permit bond costs a flat rate of $5 per $1,000 with a $100 minimum. Or, you can save 25% by selecting a multi-year term.
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How Do I Get My Bond?
With SuretyBonds.com, you can buy your Billings license and permit bond instantly online. Just enter your information and checkout in minutes.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a City of Billings License and Permit Bond Work?
As with all surety bonds, a license and permit bond creates a legal contract between three parties:
- Principal: You, the licensee filing the bond
- Obligee: The City of Billings requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding applicable local laws and regulations.
If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you are ultimately responsible for refunding the surety.
How Do I Renew My Bond?
These bonds expire annually. To renew your license and permit bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.