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  1. Join Date
    Jul 2007
    Posts
    60

    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?

  2. Join Date
    Sep 2008
    Posts
    109

    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.

  3. Join Date
    Oct 2007
    Posts
    401

    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?

  4. Join Date
    Sep 2008
    Posts
    109

    Application Fee

    There is no fee for the application process. The quote is free and there is no obligation.

  5. Join Date
    Oct 2007
    Posts
    401

    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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