Surety Solutions
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Rick Marsland By Rick Marsland • April 17, 2017

What Surety Bonds Do I Need?

 

Click on each professional to learn more about what bonds he/she may need.

 

 Types of Surety Bonds

 

Telemarketer Bonds: These bonds guarantee that telemarketers and telemarketing companies abide by industry regulations

 

Mortgage bonds: Mortgage bonds serve an important purpose of protecting your clients. If you break the law or any other rules while operating as a mortgage lender, broker, or servicer, and you have a bond, your clients can file claims on your bond.

 

Private investigator bonds: The purpose of a Private Investigator Bond is to support the laws that are in place to protect the public from negligent, dishonest, or damaging actions.

 

Freight broker bonds: This bond exists to establish trust and credibility for freight brokers. Having this bond guarantees you will abide by all federal and state rules and regulations and prevents against fraud and unethical business actions.

 

Car dealer bonds: These bonds are required for car dealers in order to protect customers from fraud or misrepresentation during a business transaction.

 

Electrician bonds: An electrician bond is a guarantee that you will operate your business by the regulations and rules set up by the state.

 

Plumber bonds: A plumbing contractor bond is a type of surety bond that acts as a guarantee to your customers and the state that you will follow the rules and regulations set for plumbers

 

Contractor bonds: A Contractor License Bond is a type of surety bond that promises you will follow all state and federal rules and regulations when conducting business. A surety bond should not be confused with an insurance policy; these are two different things. One important difference is that a surety bond holds the contractor liable for his/her actions.

 

Lawyers: Lawyers use several types of bonds depending on the case they are working on. They may need to guarantee a client can pay the costs associated with a legal action or ensure the wishes of a deceased party are carried out honestly.

 

Real estate agent bonds: A real estate bond is a type of surety bond that promises your customers you will conduct business according to state and federal rules and regulations. If you violate any of your terms, the bond protects any harmed parties from financial loss.

 

Farm labor bonds: A farm labor contractor bond  is a type of surety bond that ensures farm labor contractors will pay farm workers their wages. If a farm labor contractor does not pay their farm workers, the farmworkers can make a claim against the bond and get compensation.

 

If you need a surety bond, the best way to see what you'd pay is to get a free quote:

 

Get Free Surety Bond Quotes

 

 

Related Links:

How Much Does a Surety Bond Cost?

5 Types of Surety Bond Insurance that Small Businesses Need

Types of Surety Bonds [Infographic]