Commercial Bonds

License and permit bonds are required by certain federal, state, or municipal governments as prerequisites to receiving a license or permit to engage in certain business activities. These bonds function as a guaranty from a Surety to a government and its constituents (Obligee) that a company or individual (Principal) will comply with an underlying statute, state law, municipal ordinance, or regulation.

 

Specific examples include:

  1. Contractor’s license bonds, which assure that a contractor (such as a plumber, electrician, or general contractor) complies with laws relating to his field. In the United States, bonding requirements may be at federal, state, or local level.[15]
  2. Customs bonds, including importer entry bonds, which assure compliance with all relevant laws, as well as payment of import duties and taxes.
  3. Tax bonds, which assure that a business owner will comply with laws relating to the remittance of sales or other taxes.
  4. Reclamation and environmental protection bonds
  5. Broker’s bonds, including Insurance, Mortgage, and Title Agency bonds
  6. ERISA (Employee Retirement Income Security Act) bonds
  7. Motor vehicle dealer bonds
  8. Money transmitter bonds
  9. Health spa bonds, which assure that a health spa will comply with local laws relating to their field, as well as refund dues for any prepaid services in the event the spa closes.

Select Bond Type

Adoption Facilitator Bond

Auctioneer Bond

Contractor License Bond - BQI

Contractor License Bond - Newly Licensed

Contractor License Bond - Roofing

Contractor License Bond - Swimming Pools

Contractor License Bond - $12,500

DMV Business Partner Automation Bond - $10,000

DMV Business Partner Automation Bond - $50,000

DMV Commercial Requester Bond

DMV Defective Title Bond

DMV Dealer Bond - $50,000

DMV Dealer Bond - $10,000

DMV Registration Services Bond

Insurance Broker Bond

Lost Instrument Bond

Notary Public Bond

Process Server Bond

Tax Preparer Bond

Yacht Broker Bond

 

adminCommercial Bonds