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  #1 (permalink)  
Old 10-22-2007, 12:17 PM
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Join Date: Jul 2007
Posts: 60
Default Cost for a Bond?
Is there any other cost in starting a surety bond besides the 1-3% of the bond amount? Any fees or charges for applying?
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  #2 (permalink)  
Old 10-15-2008, 09:56 AM
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Join Date: Sep 2008
Posts: 109
Default Other Fees
The surety bond premium is based upon the applicant's credit and can range from 1-15% of the bond amount depending on how strong their credit is. Generally the only fee you will pay will be the annual premium.
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Old 10-16-2008, 10:04 AM
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Join Date: Oct 2007
Posts: 401
Default Cost for a Bond?
Quote:
Originally Posted by lifeisgood
The surety bond premium is based upon the applicant's credit and can range from 1-15% of the bond amount depending on how strong their credit is. Generally the only fee you will pay will be the annual premium.
Do I have to pay to apply?
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Old 10-17-2008, 09:27 AM
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Join Date: Sep 2008
Posts: 109
Default Application Fee
There is no fee for the application process. The quote is free and there is no obligation.
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Old 10-20-2008, 11:03 AM
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Join Date: Oct 2007
Posts: 401
Default Cost for a Bond?
Quote:
Originally Posted by lifeisgood
There is no fee for the application process. The quote is free and there is no obligation.
How about if the bond cancels for non-payment? Would I have to pay to have the bond reinstated?
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