License & Permit Bond
License & Permit Bonds are a sub-category of bonding. These commercial bonds guarantee that an entity will obey all statutes and licenses required by the state government. This bond is required before a license is granted.
Examples of License and Permit Bond Types:
- Contractor License
- Insurance Broker License
- Mortgage Broker License
- Mortgage Banker License
- Motor Vehicle Dealer License
- Roofer License
- Used Car Dealer License
As demonstrated by the sample above, there are several different types of license and permit bonds, each guaranteeing something unique, and with its own amount of risk in the eyes of the bonding companies. For these reasons the rates very from bond to bond.
If you have less then perfect credit, or are just starting out and have no credit, please apply for our bad credit surety bond program. This program has higher rates, but allows those who would not typically bonded to get approved.
