What a surety bond is
A surety bond is a three-party agreement between you (the principal), the party requiring the bond (the obligee), and the surety company. The obligee, whether a licensing authority, permit office, project owner or contract, sets the bond type and amount.
What you'll need for a quote
Have this information ready for an accurate surety bond quote.
Business Information
- •Legal business name
- •Business address
- •Years in business
- •Type of work performed
- •Business entity type
Financial Information
- •Annual revenue
- •Current assets and liabilities
- •Bank references
- •Financial statements
- •Credit history
Bond Requirements
- •Type of bond needed
- •Bond amount required
- •Project details (if applicable)
- •Contract value
- •License requirements
Experience & History
- •Years in current business
- •Completed projects
- •Work in progress
- •Previous bond claims
- •Professional references
Ready to get bonded?
Talk with our team about the bond you need and who requires it.
Bond types
Two kinds, underwritten differently.
License & permit bonds
Required by a licensing authority or permit office before a license or permit is issued. Usually quick to underwrite.
Contract bonds
Bid, performance and payment bonds, required by a project owner or contract. Underwritten on your financials and the work you already have on hand.
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Choose the method that works best for you
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Availability, limits, and eligibility vary by carrier and state. Examples are educational and not a guarantee of coverage. Review your issued policy for terms, conditions, and exclusions.
Frequently asked questions
Common questions about surety bonds
Still have questions?
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