The commercial surety bond class is made up of simple, transactional bonds that do NOT contain contract performance guarantees. License and permit bonds, public official bonds, court bonds and miscellaneous surety bonds are the major categories of this class. Bonds under $25,000 generally require only a completed application to underwrite. Larger surety bond requests and those bond obligations that contain language or provisions that are onerous to the surety company will require review of personal and business financial statements.
Surety bonds are essentially unsecured credit instruments therefore personal credit is an important factor in certain underwriting and rating decisions. We offer non-standard program access to applicants that may have damaged credit or may not have had the opportunity to develop a consumer credit history. We decline no application, but rather offer terms that fit each applicant.
There are two broad categories of surety bonds; contract surety bonds such as:
and there are commercial surety bonds which are typically:
The bond type that you require will depend on the type of guarantee that fits within these categories.
$85M Maximum Limit
$100 Minimum Limit
Surety One, Inc.
25 listings in 50 states + DCEngaged View Company
Availability 50 states + DC