Alaska Surety Bonds Overview
Bryant Surety Bonds offers all types of surety bonds to our clients in the state of Alaska.
We work with some of the best surety bond companies in the country, all of which are A-rated and T-listed, and have impeccable financial profiles. This means we can offer our clients some of the lowest possible rates on their bonds as well, as find tailored solutions for each unique case.
If you have a low credit score, our Bad Credit Surety Bond Program is here to help. It’s specially designed for applicants who have trouble getting bonded at standard rates. We can approve most applicants almost instantly, regardless of their credit status.
View the full list of Alaska surety bond in the table below, and click ‘Apply Now’ to apply for the bond you need. To find out more about the types of surety bonds in Alaska we offer, how much they cost, and how you can get bonded, scroll down to review the sections below the table.
Find the Bond You Need
The table below contains a list of only the most popular surety bonds. If you can't find yours, fill out our online application and select "Not in the list".
Contractor License Performance & Payment (State) BondDept of Commerce, Community and Economic DevelopmeConstruction Contractor Bond
Collection Agency BondAlaska Dept. of CommerceCollection Agency
Mortgage Broker (1st & 2nd Mortgages) BondDept of Commerce, Community and Economic DevelopmeMortgage Broker Regulation Act
Mortgage Broker (1st & 2nd Mortgages) BondDept of Commerce, Community and Economic DevelopmeMortgage Licensee
Auto & Mobile Home Dealers (New & Used) BondDivision of Motor VehiclesMotor Vehicle Dealer's/Buyer's Agent
Auto & Mobile Home Dealers (Used Only, No New) BondDivision of Motor VehiclesMotor Vehicle Dealer's/Buyer's Agent
Professional Licenses (All Other) BondAK Department of CommerceHearing Aid Dealer Bond
Professional Licenses (All Other) BondDivision of Corporations, Business & ProfessionalConcert Promoter
Schools (All) BondACPE/Alaska commission on postsecondary educationEducational Institution Bond
Sales, Use & Consumer Tax BondMunicipality Of AnchorageTax Liability Bond
Sales, Use & Consumer Tax BondMunicipality Of AnchorageRoom Tax Liability Bond
Money Transmitter BondSTATE OF ALASKAUniform Money Services Act Bond
Types of Surety Bonds in Alaska
We can provide you with any type of surety bond in the state of Alaska.
This includes all forms of Alaska license and permit bonds– the type of bonds that businesses and professionals need when applying for a business license.
We also underwrite Alaska construction bonds, which are relevant to licensed and bonded contractors in Alaska who want to bid or work on a construction project.
We issue all types of Alaska court bonds too, for anyone who has been requested to obtain such a bond by a court in the state.
For more details about each type of bond, have a look at the sections below.
Alaska License & Permit Bonds
License and permit bonds are required by every state in the country. From state to state, requirements vary which businesses need to obtain a bond when getting their professional license. Some businesses, such as auto dealers and freight brokers, are almost always required to get bonded, while others only need to get bonded in certain states.
Alaska requires many of its businesses to obtain a particular bond when getting licensed. The purpose of license and permit bonds is to serve as a financial guarantee that a business is licensed, and adheres to state rules and regulations. These bonds protect the Alaskan public and state against businesses who don’t comply with regulations.
Bonds we commonly issue in Alaska are the Alaska auto dealer bond, the Alaska mortgage broker bond, as well as freight broker bonds. We can help with all other types of license bonds for Alaska as well.
To find out more about the cost of your license bond, and how to make a tentative calculation, have a look at the section on bond costs further down.
Alaska Construction bonds
Alaska construction bonds are the second major type of surety bond we underwrite in the state. These bonds are issued to licensed and bonded contractors for a number of construction-related purposes, such as participating in a bid or performing work on a federal, state, or private construction project.
These bonds are a protection to project owners, such as the state and the public or private owners, guaranteeing that contractors are licensed, bonded, and will comply with state regulations and the conditions of their construction contract.
To find out how to apply for an Alaska construction bond, see the section below on getting bonded in Alaska.
Alaska Court Bonds
The third major type of bonds available to our customers in Alaska are court bonds. These bonds are typically required by a variety of courts in the state in situations when an individual wishes to appeal a court judgement, or is appointed by a court as someone’s fiduciary or guardian.
Call our surety professionals at (866) 450-3412 if you have any questions about the bonding requirements in Alaska.
Surety Bond Cost in Alaska
Sureties determine the cost of a bond on the basis of its total amount. The total amount of the bond is simply the full amount of compensation that a bond may cover, if a claim is made. Your premium, however, is only a percentage of this total amount.
For instance, if an Alaska auto dealer bond for new and used vehicle dealers is $50,000, the cost of obtaining the bond will be a small percentage of $50,000.
How high or how low your premium is depends on a number of financial and business factors which sureties take into account. The most important among these factors is an applicant’s personal credit score. But sureties further consider factors such as:
- Personal and business financial statements
- An applicant’s asset profile and liquidity
- Applicant work experience and record
- Other factors
Those applicants who have a high or perfect credit score are usually offered a rate in the range of 1%-4% of the total bond amount. The exact amount is determined on a case-by-case basis.
Applicants with a lower credit score, or those without a credit score, sometimes experience difficulties with obtaining a bond. Many sureties are reluctant to bond these high-risk applicants.
Because of our good standing and long-time partnership with a number of expert sureties, we’re especially equipped to accommodate bad-credit applicants, and help them to get bonded at reasonable rates.
Bryant Surety Bonds’ Bad Credit Surety Bond Program allows bad credit applicants to obtain their Alaska surety bonds at rates in the range of 5%-15% of the total amount.
With us, all applicants are offered the best possible rates on their bonds, and all bonds are issued by the same expert sureties we work with.
To make an initial calculation of your Alaska surety bond cost, try our surety bond cost calculator in the right sidebar. You can also get a free and precise quote on your bond by simply submitting a surety bond application. Getting a quote is free of charge and has no obligations attached.
To learn more about how bond cost is determined, visit our Surety Bond Cost page.
How to Get Bonded in Alaska
Applying for your Alaska surety bond is quick and easy. Simply use our online application tool to fill in a few details about yourself and the bond you need, and submit your application to us. Bonds are typically approved very fast. Processing and approval times vary, depending on the type of bond you are applying for and its amount.
Call our bond experts anytime at (866)-450-3412 to consult with them about the bond you need or if you need help with your application.
Still have questions? Click on our ‘What is a surety bond’ page to read more about why surety bonds are needed and how they work.