"Bond Exchange pays attention to detail, and will never let you be without coverage, or let that coverage expire without notification. EXCELLENT SERVICE!!" - Charles, BX Customer since 2014
Get Bonded in Minutes
Enter your business name to get a quote:
SECURE | NO OBLIGATION | WHOLESALE PRICING
Get Bonded in Minutes
Enter your business name to get a quote:
SECURE | NO OBLIGATION | WHOLESALE PRICING
Find Your Bond by State
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, contractors, and auto dealers.
Some agencies of the federal government accept or require surety bonds, including immigration, freight broker (BMC-84), and alcoholic 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 lottery retailer, utility deposit, lost motor vehicle title, workers’ compensation, 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.
Learn from our blog center
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.
Not sure? Ask a Surety Underwriter
Call (800) 438-1162 to speak to one of our friendly Surety underwriters.
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Frequently Asked Questions
A surety bond is a contract between three parties – the Principal (you), the surety company, and the obligee (the entity requiring the bond, typically a state or local government).
Surety bonds guarantee that the Principal will act in accordance with the terms established by the bond, which are usually a set of statutes or ordinances required for business licensing or performance of contract terms.
Unlike most insurance products, the principal is required to indemnify the surety company against all losses. In other words, the surety company will pay the obligee up to the bond amount for valid claims; however, the principal must reimburse the surety company for all losses, typically including attorney fees and other claims handling expenses.
The purpose of most surety bonds is to provide protection to the public from financial harm if the bond principal (you) violates licensing law or the terms of an agreement. The specific protection is outlined in the bond form and the statutes governing the license.
As a business owner, you can think of a surety bond as a type of guarantee that you will act ethically with customers and the licensing authority in charge of your industry.
Surety bonds are typically quoted based on a percentage of the bond amount. For most bonds, the cost is anywhere between 0.5% to 15% of the bond amount per year. Most bond rates fall within 1% to 3% of the bond amount.
The specific rate charged by the surety company is typically determined based on the credit profile of the business and its owners. Those with a higher personal credit score, experience in the industry, and a clean license record, can expect to receive the lowest rates.
After you purchase your bond, you can immediately download the bond from our website. You will also receive a copy by email within seconds. The email will include specific instructions on how to file your bond with the proper authorities.
If your bond needs a change like the business name, address, or anything else, give us a call at (800) 438-1162 and we will happily make most changes over the phone. You can also click our chat button below to speak with a live underwriter.
Unless you need to change the bond amount, most changes will be free and painless.
BondExchange has offices in Charlotte, North Carolina, Dallas, Texas, and Sacramento, California.
Call us to speak to our experienced underwriters. We'll pick up the phone in 30 seconds or less.
Yes! BondExchange is the only surety provider to offer pay-as-you-go Monthly payments for most bonds.
You can cancel your bond at any time with a simple phone call or email.
