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Required by government or private entities for project-based work. Contract bonds include bid/proposal, performance and payment, and supply bonds.
Some businesses are required by law to purchase a surety bond before being able to operate, including health clubs, liquor distributors, and auto dealers.
Some agencies of the federal government accept or require surety bonds, including immigration, freight broker (BMC-84), and alchoholic beverages bonds.
Required by a probate court and include executor, administrator, personal representative, guardian, conservator, and fiduciary bonds
Not required by any government agency but instead purchased by businesses to protect against employee dishonesty or theft. Also called business services bonds.
These bonds fall outside of the other categories listed and include public official, workers; compensation, utility deposit, self-insurers, etc.
We offer every bond in the US
BondExchange offers every type of surety bond for all types of businesses wholesale prices for every type of business and credit profile. Our systems and underwriters will walk you through the entire process.
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We’re experts in the surety bond business. If you’re not sure what type of bond you need or how they work, visit our blog center to learn about the thousands of bond types we offer. Whether you’re looking for definitions or wondering how we underwrite, we have the answers.
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