Surety Bonds
Easily find the bond you need online today with same-day service and expert guidance from our licensed agents.
We offer the fastest and easiest way to get a bond. Many of our bonds can be purchased instantly online in minutes.
Best Prices
Competitive rates from the top surety markets
Quick Delivery
Digital delivery & next-day shipping options
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Live agents are ready to help with your bond
Most Popular Surety Insurance Bonds
Same-day service. Purchase online. Fast and affordable
Contractor License Bonds
Contractor license bonds are legally enforceable contracts binding three separate parties: The construction professional buying the bond is the principal. The public entity requiring the contractor to be bonded is the obligee. The company issuing the bond and guaranteeing the contractor's obligation is the surety. If a contractor fails to fulfill the bond's terms, the obligee can file a claim on the bond to compensate for any damages. However, the surety will not absorb the loss. The contractor is expected to reimburse the surety for any money it pays when settling a bond claim.
Performance Bonds
A performance bond is a guarantee that a contractor will complete a construction project according to the agreed-upon contract. If a contractor defaults on a project, the bond amount is used to recover the project owner’s losses.
Freight Broker Bond (BMC-84)
Freight broker bonds, also known as BMC-84 bonds or ICC broker bonds, ensure that licensed freight brokers and forwarders adhere to regulations. Title 49, U.S.C. 13904 requires all freight brokers and freight forwarders to file either a surety bond (BMC-84) or a trust fund agreement (BMC-85) before beginning business operations.
Janitorial Cleaning Service Bonds
Unlike an insurance policy that protects your cleaning business, a janitorial service bond protects your customers if an employee steals while on the job. These bonds can give your customers peace of mind and establish credibility for your cleaning company. These bonds are also referred to as "business service bonds" or "cleaning service bonds."
Auto Dealer Bonds
An auto dealer bond is a surety bond required for almost all new and used car dealers. Dealer bonds protect consumers from fraud and wrongful actions committed by car dealerships and their employees. This bond goes by a variety of names, including: Automobile bond, Car dealer bond, Dealer bond, Wholesale dealer bond, Motor vehicle dealer bond, Used car dealer bond.
24/7 Support
Call 1 (310) 299-5555 to talk with a Surety Expert today.
Surety Bond: Fast, Affordable, and Online Across the U.S.
If you need a surety bond in the United States, you’ve come to the right place. At CoverToday Insurance Agency, we make the process quick, easy, and affordable. Most applicants can purchase a surety bond online in just 5 minutes. Let’s dive into everything you need to know about surety bonds, including their purpose, costs, and how to get one today.
Why Choose Us for Your Surety Bond Needs?
At CoverToday Insurance Agency, we prioritize your convenience and satisfaction. Here’s what sets us apart:
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Fast Approval: Most applications are approved within minutes.
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Affordable Rates: We shop around to find you the best deal.
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Expert Assistance: Our knowledgeable team is here to guide you through every step.
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Online Convenience: Apply, pay, and receive your bond entirely online.
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Wide Range of Bonds: From contractor bonds to license and permit bonds, we’ve got you covered.
Frequently Asked Questions
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What is a Surety Bond?A surety bond is a financial guarantee that ensures specific obligations will be fulfilled according to agreed-upon terms. These bonds protect consumers and government entities from fraud, malpractice, or non-compliance. They’re often required for businesses to obtain licenses or permits, ensuring accountability and trustworthiness.
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Who needs a Surety Bond?Many industries and individuals across the U.S. require surety bonds, including: Contractors: To meet licensing requirements and guarantee project completion. Auto Dealers: To ensure compliance with state regulations. Notaries: To protect the public from notarial misconduct. Freight Brokers: To secure payment obligations to shippers and carriers. Business Owners: For various licenses, such as alcohol permits or employment agencies. Whether you’re starting a new business or maintaining compliance, our team can help you get bonded quickly.
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How much does a Surety Bond cost?The cost of a surety bond typically ranges from 1% to 10% of the total bond amount. For example, if you need a $10,000 bond, your premium could be as low as $100. Several factors determine the exact cost, including: Bond Amount: Higher bond amounts generally have higher premiums. Bond Type: Some bonds have a fixed rate, while others may require detailed underwriting. Personal Credit Score: A higher credit score can help secure a lower premium. Professional Experience: Established businesses or professionals may qualify for better rates. Business Financials: Strong financial stability can reduce risk and lower costs. Assets & Liquidity: Demonstrating sufficient assets can help reduce premiums.
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How to get a Surety BondOur streamlined process makes getting bonded easy and stress-free. Here’s how it works: Identify Your Bond Requirements: Contact the obligee (the entity requiring the bond) to determine the specific bond type and amount you need. Submit Your Application: Complete our simple online application. Receive Your Quote: We’ll review your application and provide a competitive quote instantly. Pay Your Premium: Secure your bond by paying the premium online. Receive Your Bond: Once payment is made, you’ll receive your bond immediately. File Your Bond: Sign and submit the bond to the obligee as required.
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What happens if I have a low credit score?While your credit score can impact your premium, we work with multiple providers to secure the best rate for your situation.
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How long is a surety bond valid?Most bonds are valid for one year, but this varies by bond type. Renewal is typically easy and straightforward.
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Can I purchase multiple bonds at once?Yes, if your business requires multiple bonds, we can help you bundle them for convenience and potential savings.
Get Your Surety Bond Today!
Don’t let the bonding process slow you down. CoverToday Insurance Agency makes it fast, easy, and affordable to get the surety bond you need. Start your application online now or contact us for expert guidance. Most bonds can be purchased in just 5 minutes!
Visit www.CoverToday.com to get started or call us at 310-299-5555 for personalized assistance. Let’s get you bonded and back to business!