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  1. apprentice35
    apprentice35 is offline Member
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    Jul 2007
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    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?
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  2. lifeisgood
    lifeisgood is offline Senior Member
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    Sep 2008
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    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.
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  3. Bond Magician
    Bond Magician is offline Senior Member
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    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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  4. lifeisgood
    lifeisgood is offline Senior Member
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    Application Fee

    There is no fee for the application process. The quote is free and there is no obligation.
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  5. Bond Magician
    Bond Magician is offline Senior Member
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    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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