Delaware Surety Bond Broker
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Delaware Surety Bonds
More than 58,000 businesses operate within Delaware borders. The First State requires many of these businesses to purchase surety bonds for licenses, permits, and construction contracts. There are 34 different and distinct types of bonds the Delaware state government requires of licensed businesses, with another 37 bonds needed for the various cities and counties in the state.
BondExchange features hundreds of Delaware agents from every corner of the state, from Wilmington and Newark to Dover and Beyond. All of these agents leverage our network to source surety bonds for their many clients.
With access to more than 30 different markets, BondExchange helps agents find any of the 71 surety bonds that Delaware businesses may need. Our huge bond database is the engine for BondExchange.com – an easy to use platform that provides instant quotes, interest-free installment payment options, and our unique customer checkout feature.
Delaware Surety Coverage with BondExchange
BondExchange provides complete, comprehensive access to every surety bond that Delaware and its local municipalities may require from businesses within the state. Agents use our platform to source the correct surety bonds that their clients need, provide those clients with online instant quotes, and facilitate the completion of the application and bond purchase online. The process is quick and easy, taking just a few short steps to complete. Below is a cross-section of the different types of surety bonds that you may need to quote for your Delaware business clients.
Financial Services Bonds
Businesses that provide financial services like debt management, general lending, or mortgage loan brokerage or originating in Delaware need specific surety bonds to be in place before providing those services to the public.
Motor Vehicle Sales
Under Delaware law, businesses need to secure a $25,000 surety bond and file it with the state’s Division of Revenue before being able to operate as a motor vehicle dealer.
Aquaculture Bonds
Delaware’s location on the Mid-Atlantic Coast makes it a hotbed for shellfish-related businesses. The Division of Fish & Wildlife regulates these activities, requiring businesses for shellfish aquaculture to purchase bonds before licensing them.
Private Education Bonds
The Delaware Department of Education requires private educational institutions to purchase surety bonds so that students can be compensated for lost tuition if the school goes out of business. These include both private trade schools and private business schools.
Construction Licensing Bonds
In many different municipalities around the state, construction companies need to hold surety bonds for general contracting, renovation, HVAC subcontracting, plumbing, and other related activities. The licenses are regulated at the local level and must be filed with the applicable city, township, or county. New Castle County and the City of Newark are the two most common municipalities requiring contractor license bonds.
Private Investigative or Security Bonds
Private investigation agencies and private security companies in Delaware must file a surety bond with the Department of Public Safety Division of State Police to receive a license to operate within the state.
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If you’re an agent in Delaware, sign up with BondExchange to gain full access to all of the surety bonds we offer. For a complete list of surety bonds covered in Delaware, expand the box below.
| State Bonds | Municipal Bonds |
|---|---|
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Appraisal Management Company ($20,000.00) |
Dover – City Plumber |
Why Partner with BondExchange for Delaware Surety Bonds?
BondExchange has worked with insurance agents for over four decades, building a technology platform designed for efficiency. We understand that most insurance agents do not focus on surety, so we make the process fast, profitable, and easy to understand.
Straightforward Tools to Simplify Bond Processes
We provide easy-to-use tools to our agents to simplify the surety bond process, facilitating bond quote, delivery, and issuance in an online environment. Either agents or their customers can complete our online application thanks to our step-by-step approach using plain English. Quotes are generated instantly and can be purchased online with zero paperwork, making the process as painless as possible.
Offering Customized, Expert Levels of Service to Our Agents
BondExchange always puts our agents first. We provide you with the best surety bond technology while prominently featuring your name and brand on all customer communication. Our knowledgeable staff, all real underwriters, are available by phone, through our website chat option, or by email, waiting to answer your questions.
Single Entry-Point Solution Keeps Processes Simple
BondExchange can do what other platforms can’t. We’re the single source of surety bonds for Delaware agents, providing access to hundreds of different types of bonds and rates from over 30 different carriers. BondExchange will save you time with our instant online application process, ensuring you can provide professional and profitable surety bond services to your clients.
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