Commercial Surety BondsCommercial surety bonds represent the broad range of bond types that do not fit the classification of contract bonds. Commercial surety bonds are generally divided into four sub-types:
- License and permit bonds
- Court bonds
- Public official bonds
- Miscellaneous bonds
Why These Bonds Are RequiredMany local and state governments require business owners to obtain commercial surety bonds before they can legally conduct business in their municipality or state. Phone solicitors for example are required to secure and maintain a license and permit bond called telemarketing bond which is mandated by many state governments in order to do business in the state. Tax bonds are another example to insure businesses pay the state and government the taxes they collect from their clients.
Obtaining The BondThousands of commercial surety bonds are required by state and government agencies. Obtaining and maintaining a commercial surety bond is essential for your business. In most cases you are required to initially secure and maintain the bond for the duration of your business entity.
Our application process is simple and in most cases we can issue the bond the same day. Complete our application and return it to us for a quote. Most of these bonds are underwritten using the owner(s) credit history. We match your application with one of our many insurance companies we represent to provide you the most economical price available. We also offer special programs for applicants with less than favorable credit history.