A government agency requires a license and permit bond before a business can receive or renew an operating license or permit. These bonds guarantee that the business will comply with all applicable laws and regulations and protect consumers and the public from financial harm caused by violations.
License and permit bonds are among the most common commercial surety bonds, covering hundreds of business types across all 50 states. They are usually low-cost, fast to issue, and required as a condition of doing business.
A government agency requires a license and permit bond before a business can receive or renew an operating license or permit. These bonds guarantee that the business will comply with all applicable laws and regulations and protect consumers and the public from financial harm caused by violations.
License and permit bonds are among the most common commercial surety bonds, covering hundreds of business types across all 50 states. They are usually low-cost, fast to issue, and required as a condition of doing business.
For most licenses and permits, we issue bonds based on a simple credit check. Premiums are usually 1% to 3% of the required bond amount annually. Many qualify for rates as low as $100-$300 per year.
As a construction professional or contractor, your work exposes you to a myriad of risks and liabilities on a daily basis.
Bonding capacity is a critical factor for contractors, project managers, and construction firms. It determines the amount of work a contractor can take on and ensures financial stability in project completion.
A license and permit bond is required by a government agency before issuing a business license or permit. It guarantees the business will comply with applicable laws and compensates the public for violations.
Most licenses we issue bonds same-day or within 24 hours with a simple online application and credit check.
Most license bonds are annual and must be renewed each year. We track renewal dates and notify you before expiration.
Many license bonds under $25,000 are available to applicants with imperfect credit, sometimes at a higher rate. Contact us to discuss your specific bond and credit situation.
We handle license bonds in all 11 of our licensed states and have access to specialty markets for all 50 states. Contact us for requirements in your state.
