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It’s a guarantee. It assures someone that you’ll do what you’re supposed to do. If you don’t, they can make a claim on the bond. It’s often required for licenses or certain jobs. To those who may need surety bonds, you can think of it as a compliance requirement.
We’re a surety bond broker. We find the best bond for you from multiple companies. We handle all types of bonds. We’ve helped thousands of contractors/business owners across all states.
The person or organization requiring the bond (obligee) usually tells you. If you’re unsure, call us! We keep a list on file about what bonds each obligee needs. Keep in mind there are thousands of bonds and it may take us some time to find the right one.
Costs vary here. For a performance bond, you’re usually looking at 3% to 5% of the project. For license and permit bonds, it’s usually based on a bond amount set by the government/obligee.
Pretty simple. You give us your info, we shop around for you. Once we have a good price, you pay us and we issue the bond on your behalf. You will receive a PDF copy of the bond. If needed, we’ll also mail out the physical copies of the bonds.