Delaware Surety Bond Overview
Many Delaware businesses need a surety bond, so that they are in compliance with state regulations. The bonds are required in order the protect the state and its citizens, as a safety net against fraud and misuse.
Here at Bryant Surety Bonds, we are licensed to underwrite all types of Delaware surety bonds, and we have extensive experience getting businesses bonded across the country.
Even if your finances are far from perfect, there are diverse bonding options with us. Our Bad Credit Surety Bond Program is here to serve applicants with lower credit scores. We can match the best bonding option to your specific case, since we have partnerships with the best A-rated and T-listed surety bond companies.
You can find your Delaware surety bond in the table below. If you have trouble finding your bond, don’t hesitate to contact us at (866)-450-3412.
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 (No P&P Language) BondNew Castle County, DEStatutory Compliance Bond
Contractor License (No P&P Language) BondCity of Newark, Code Enforcement DivisionCompliance with City Ordinance Bond (Newark, DE)
Contractor License (No P&P Language) BondCity of Wilmington Dept of Licenses and Inspection(City of Wilmington, DE) Plumbers Bond
Contractor License Performance & Payment (Local) BondCity of New CastleLicense and Permit
Contractor License Performance & Payment (Local) BondCity of Rehoboth BeachPlumber's Bond (City of Rehoboth Beach)
Contractor License Performance & Payment (State) BondDepartment of Labor, Divison of RevenueNon Resident Contractor
Debt Consolidators BondState of DelawareDebt Management
Mortgage Broker (1st & 2nd Mortgages) BondOffice of the State Bank CommissionerMortgage Loan Broker
Mortgage Lender/Banker (1st & 2nd Mort.) BondOffice of the State Bank CommissionerLicensed Lender
Small Loan Companies BondDelaware Office of the State Bank ComissionerLicensed Lender Surety
Auto & Mobile Home Dealers (New & Used) BondDivision of RevenueMotor Vehicle Dealer Bond
Motor Vehicle (Non-Dealer, Not Listed) BondState of DelewareFinancing the Sale of Motor Vehice License
Motor Vehicle (Non-Dealer, Not Listed) BondDivision of RevenueMotor Vehicle (Non-Dealer, Not Listed) Bond
Detectives BondSuperintendent of the Delaware State PoliceSecurity Systems and Protective Service Agency
Detectives BondDelaware State Police-Professional LicensingPrivate Investigative & Private Security Agency Bo
Professional Licenses (All Other) BondDeleware Public Service CommissionDELAWARE PUBLIC SERVICE COMMISSION SURETY BOND
Professional Licenses (All Other) BondDIVISION OF PROFESSIONAL REGULATIONManufactured Home Installer License
Professional Licenses (All Other) BondState of DelawareFinancing the Sale of Motor Vehicles License
Schools (All) BondDE Dept. of EducationPrivate Business and Trade School Contract
Fuel Tax (All Others, Sellers & Users) BondState of Delaware Motor Fuel Tax AdministrationSpecial Fuel (Distillate/LP Gas)
Fuel Tax (All Others, Sellers & Users) BondState of Delaware Motor Fuel Tax AdministrationMotor Fuel Distributor Bond
Miscellaneous Taxes BondDivision of RevenueNon-Resident Contractor
Money Transmitter BondOFFICE OF THE STATE BANK COMMISSIONERSALE OF CHECKS AND TRANSMISSION OF MONEY SURETY
Money Transmitter BondOffice of the State CommissionerCasher of Checks, Drafts or Money Orders Surety
Telemarketing/Phone Solicitor BondDirector Of The Consumer Protection Unit Of The DETelemarketing Registration and Fraud Prevention Ac
Prepaid/Preneed Funeral BondOffice of the State Bank CommissionerPreneed Funeral Contracts Bond
Appraisal ManagementState of DelawareAppraiser Bond
Types of Delaware Surety Bonds
The most common types of Delaware surety bonds include license and permit bonds, construction bonds and court bonds. Bryant Surety Bonds is licensed to underwrite the full range, so we can get you bonded, whichever one you might need.
- License and permit bonds are often required when applying for a business license.
- Construction bonds are asked for from construction contractors wishing to bid on public and private construction projects.
- Court bonds are required from Delaware courts in some cases.
If you have any questions about the type of Delaware surety bonds you need, we are here to help. Just call us at (866)-450-3412.
All types of Delaware surety bonds are reviewed in detail below.
Delaware License & Permit Bonds
In many cases, Delaware businesses are required to get licensed to meet state, local or city rules. Obtaining a license and permit bond is a usual prerequisite for business licenses.
Your Delaware surety bond functions as protection for the state and its citizens, ensuring that your business will abide by applicable regulations that govern your trade. If you commit fraud or break your obligations, a claim can be made on your bond up to its penal sum. If it’s proven, you’ll have to financially reimburse the affected parties.
Some of the most common Delaware license and permit bonds include:
Delaware mortgage broker bond
Obligee: Delaware State Bank Commissioner
Bond amount: $25,000
Delaware contractor license bond
Obligee: Delaware Division of Revenue
Bond amount: 6% of the contract amounts
Obligee: Federal Motor Carrier Safety Administration
Bond amount: $75,000
Expiration date: Coinciding with the licensing year
Delaware Construction Bonds
In many cases, contractors in Delaware are required to post construction bonds. These surety bonds are used on a project basis when construction contractors want to participate in private and public construction contracting projects.
The purpose of construction bonds is to protect the project owners. They ensure that the contractor will abide by their contractual agreements and will deliver the work on time and according to the quality requirements.
The most common construction bonds are:
- Bid bonds
- Performance bonds
- Payment bonds
- Maintenance bonds
Delaware Court Bonds
A Delaware court might require an individual to obtain a court bond in some specific situations. Court bonds are the least common category of bonds, but Bryant Surety Bonds will happily underwrite this type of bond for you.
When would you have to post a court bond? Some cases include:
- When bringing a court case to a higher instance (an appellate court), you will be asked to provide a supersedeas bond, also known as an appeal bond.
- If you have been assigned as a fiduciary of somebody’s assets or property, you will be required by a Delaware probate court to obtain a fiduciary bond.
Surety Bond Cost in Delaware
Your surety bond cost for obtaining your Delaware bond is different from the surety bond amount that you are required to obtain. In fact, to get bonded, you need to pay only a fraction of that amount, called the bond premium. The bond amount, on the other hand, represents the penal sum that might be repaid on proven claims.
The premiums for standard bonding market are usually in the range of 1%-4%. In case you have to obtain a $25,000 mortgage broker bond, for example, your bond cost might be only a few hundred dollars.
To set your exact bond price, your surety needs to examine your personal and business profile, and evaluate the risk of bonding you. If you are seen as a solid applicant, you can expect a lower bond premium.
The most important criteria for defining your premium are:
- Your personal credit score
- Business financials
- Assets and liquidity
- Industry experience
If you would like to get an estimate of your bond price, you can use our surety bond cost calculator in the right sidebar. Once you complete your full application, we will deliver your exact bond quote.
How to Get Bonded in Delaware
Apply online to start your bonding process with us. You can follow the easy online form and submit the necessary documents there. You’ll get your free bond quote in no time!
Once you have completed your bonding process, don’t forget to save copies of the original bond form.
Our full overview of how surety bonds work can help you out get a better idea of the bonding process.
Whether you need help with your application or bonding process as a whole, our bonding experts will be happy to assist you. Call us at (866)-450-3412.