Read the latest news regarding Commercial, License, Permit, Contract, Court and Fidelity Surety Bonds, and how upcoming changes will affect your business. Check out our glossary page for more information on Surety Bond terminology.
The surety bond premium is the amount of money that is paid to a surety company in order for the surety company to provide a surety bond guarantee. The premium is often called the rate. The rate that is paid for a bond can range from lower than 1% up to 15% or more of the total bond amount.
Read MoreThe Express Surety Bond Program is a quick and simple way for small and emerging contractors to secure bonding. The program provides bonding support for contractors needing bid bonds, performance bonds & payment bonds, maintenance bonds, and supply bonds.
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