A surety bond is a three-party agreement that guarantees one party (the obligee) will be compensated if a second party (the principal - that's you) fails to fulfill a contractual obligation or violates a law. It is not insurance for you, but a guarantee of performance and financial backing for the obligee.

The cost of a surety bond is a small fraction of the total bond amount, typically a percentage ranging from 0.5% to 5%. The final cost depends on the type of bond, the bond amount, and the applicant's personal credit history and financial strength. Highly qualified applicants often pay the lowest rates.

The process is fast and simple:

1. Apply Online: Submit our quick application with information about the required bond and your business/personal details.

2. Get a Quote: We review your application and provide a competitive rate quote.

3. Pay and Receive: Once you accept the quote and pay the premium, your bond is issued electronically and sent to you immediately.

Surety bonds are generally categorized into three main types:

• Contract Bonds: For construction projects (e.g., bid, performance, payment bonds).

• Commercial Bonds: Required for specific licenses and permits (e.g., auto dealer, mortgage broker, public official bonds).

• Court Bonds: Required in various legal proceedings (e.g., fiduciary, appeal, injunction bonds).

The bond you need is determined by the entity requiring it (the Obligee). This is usually a government agency, municipality, or a contract owner. The specific requirement (e.g., obtaining a business license, executing a construction contract, or a court order) will dictate the exact type and amount of the bond needed.

No problem! We can help you secure the surety bond you need, even if you have poor credit. 

We are experts in surety bonds and have built a platform that allows you to get fast, easy and affordable bonds.