Applying for Bond

[Mother Bond]

If I fill out an application for a bond, am I obligated to get it at that point? I just don't want to commit without at least knowing the cost first.

[Bond Magician]

Originally Posted by Mother Bond

If I fill out an application for a bond, am I obligated to get it at that point? I just don't want to commit without at least knowing the cost first.

No, you are not obligated if you choose to apply online. You are commited if you accept the quote and sign the paperwork and indemnity agreement.

Please note that the first year's premium is not refundable.

[Mother Bond]

So, at what point do I find out how much it costs?

[Bond Magician]

Originally Posted by Mother Bond

So, at what point do I find out how much it costs?

In some cases (depending on which type of bond you are applying for), you can get a range of what the premium will be on our website.

You will not, however, know the exact premium amount until you submit further information (blank bond form, personal or business financials, resume) Once you submit the requested information, we will send you an approval.

[Mother Bond]

Originally Posted by Bond Magician

In some cases (depending on which type of bond you are applying for), you can get a range of what the premium will be on our website.

You will not, however, know the exact premium amount until you submit further information (blank bond form, personal or business financials, resume) Once you submit the requested information, we will send you an approval.

Once I submit the requested information, how long does it take to get a quote back?

[Bond Magician]

Originally Posted by Mother Bond

Once I submit the requested information, how long does it take to get a quote back?

We generally tell our clients that it takes between one and three business days.

[Mother Bond]

Originally Posted by Bond Magician

In some cases (depending on which type of bond you are applying for), you can get a range of what the premium will be on our website.

You will not, however, know the exact premium amount until you submit further information (blank bond form, personal or business financials, resume) Once you submit the requested information, we will send you an approval.

This is a new company I'm starting, therefore I don't have business financial. Will this be a problem?

[Bond Magician]

Originally Posted by Mother Bond

This is a new company I'm starting, therefore I don't have business financial. Will this be a problem?

In that case, the surety company may require a resume for the owner or owners. They will require this so that they can see what type of experience you have in the field.

[Mother Bond]

On the resume, should I list only relevant experience specific to this line of work? Or should I include a complete history of my work experience?

[Bond Magician]

Originally Posted by Mother Bond

On the resume, should I list only relevant experience specific to this line of work? Or should I include a complete history of my work experience?

Experience in the field is preferred, but any past work history that may be related to the field may help you when we submit the resume to the surety company.