need help getting surety bond..

[isoemerger18]

i am in the process of starting a fly fishing guide service,with me being the sole employee.I have already acquired my business license,talked with a guy and my liability insurance is approved but he cant approve me for my surety bond which is required.My credit score is around 500.I don't know why this matters,but several companies have offered to bond me if i pay a 1,000 fee was one.The other was a 500 cashiers check and 500 more for something else equaling 1000.Heres my thing.every guide i know has paid no more than 100 dollars for their bond.And if i am right i would have to pay this 1000 dollars every year to renew it.That just isn't what i want to do.I want to pay the 100 like everyone else so it isn't that much each year when i renew....
can anyone please help me...i am determined to get this done today tommorrow or 3 years from now..the sooner the better though,,please help
shane

[Admin]

Shane,

You need to keep in mind, surety bonds are not insurance (see: Surety Bond vs. Insurance | Bonding & Insurance | JW Surety Bonds). It is a guarantee of your performance that is truly a form of credit. Should there be a claim, you will be expected to pay the surety for their loss. Therefore, your financial standing is very important when it comes to surety underwriting.

You can see if we can provide a better rate at: JW Surety Bonds - Commercial Bond Applications