Is there a difference between bonding companies?

The short answer is, absolutely. Bonding companies all have different rates, requirements, and standards. Some companies are very liberal with who they approve, while others only approve those with great credit ratings. With these differences come different premium rates, and some companies even require cash collateral.

It is because of these differences that one of your biggest concerns should be the rating of the bonding company backing you. The list of treasury listed (T-Listed, meaning qualified to write bonds on federal contracts) bonding companies it shrinking yearly. You want to make sure that your surety has a quality rating (at least a B+, if not higher).

At Bryant Surety Bonds, we make sure to use only the most fiscally responsible (A-Rated, T-Listed) bonding companies to ensure that you are placed in the most secure market.