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Most Popular Bonds in North Dakota
- Business Service Bond
Those who work in clients' homes or businesses purchase these bonds to protect against theft
- Collection Agency Bond
Required for individuals who receive payment for collecting debts owed
- Contractor License Bond
Required for individuals who work as water well contractors throughout the state or as general contractors in Grand Forks
- Freight Broker Bond (BMC-84)
Required by the FMCSA for those who operate as a freight broker or freight forwarder
- Money Transmitter Bond
Required if you operate as a money transmitter
- Notary Bond
Required for individuals who administer oaths or notarize legal documents
- Roving Grain Buyer Bond
Required for individuals who purchase or merchandise grain for compensation
- Transient Merchant Bond
Required for individuals who sell merchandise, goods, or services without an established business location
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North Dakota 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.
$5,000 North Dakota Building, mechanical, plumbing, excavator or sign hanger contractor bonds, for example, are issued instantly at $100 for a term. $50,000 debt collection agency bonds, though also issued for North Dakota, require a review of the applicant’s credit history and bond amount. This bond can cost as low as $500 depending on the applicant’s credentials.
Consulting a surety professional is the best way to determine your exact surety bond cost in North Dakota. 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 North Dakota Bond Type
With thousands of unique surety bond forms available nationwide, we know that determining the exact one you need can be confusing. North Dakota 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.
North Dakota License Information
SuretyBonds.com is legally licensed to issue bonds in North Dakota.
Agency License # 9097069
Agent Producer License # 2000116600