Idaho Surety Bonds Overview

If you want to get a business or professional license in Idaho, you may be required to present a surety bond as a form of financial security. If you work as a contractor in the state, you may also be asked to submit one or several surety bonds before you can bid or perform on a construction project.

Why do I need to post a bond?

Surety bonds function as financial security for the state and the public. They guarantee that the bonded party will comply with state laws and regulations, such as the Idaho Statutes.

If the bonded party violates the bond agreement, causing losses or damages to any individual or the state, a claim can be filed against their bond. Bond claims are the way that financial compensation can be secured in cases of a violation.

To learn more about how surety bonds work and why you need one, see our detailed 'What is a surety bond' guide!

If you're ready to get bonded, see the table below to find the bond you need right away.

Unsure of what type of surety bond you need? Read about the different types of bond, the cost of getting bonded, and how to apply in the sections below.

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) Bond State of Idaho Division of Building Safety HVAC Bo HVAC Contractor's/Specialty Contractor's Certifica Apply Now
Contractor License Performance & Payment (State) Bond Division of Building Safety Plumbing Contractor's/Specialty Contractor's Licen Apply Now
Investment Advisor (Blue Sky) Bond Idaho Department of Finance, Securities Bureau INDEMNITY BOND FOR INVESTMENT ADVISER Apply Now
Collection Agency Bond Dept of Finance Collection Agency Apply Now
Insurance Adjusters Bond Idaho Department of Insurance Bond Of Public Adjuster Apply Now
Mortgage Broker (1st & 2nd Mortgages) Bond Dept of Finance, Consumer Finance Bureau Surety Bond For Mortgage Broker Apply Now
Mortgage Lender/Banker (1st & 2nd Mort.) Bond Idaho Dept of Finance Mortgage Lender Apply Now
Auto & Mobile Home Dealers (New & Used) Bond Transportation Department Vehicle or Vessel Dealer Apply Now
Auto & Mobile Home Dealers (New & Used) Bond Idaho Division of Building Safety New and Used Manufactured/Mobile Home Dealer/Broke Apply Now
Auto & Mobile Home Dealers (Used Only, No New) Bond Transportation Department Vehicle or Vessel Dealer Apply Now
Sport Permits Bond Idaho Atheltic Commission Mixed Martial Art Apply Now
Professional Licenses (All Other) Bond Racing Commission Advanced Deposit Wagering Bond Apply Now
Professional Licenses (All Other) Bond Idaho Department of Insurance Bail Agent Bond Apply Now
Professional Licenses (All Other) Bond City Clerk's Office Security Alarm Installation Bond (Boise, ID) Apply Now
Schools (All) Bond Board of Education Private Trade Schools Apply Now
Wages & Fringe Benefits Bond Idaho Department Of Labor Farm Labor Contractor Bond Apply Now
Money Transmitter Bond Department of Finance - Securities Bureau SURETY BOND FOR MONEY TRANSMITTERS Apply Now

Types of Surety Bonds in Idaho

Typically, you will need to obtain one of the following types of bonds:

  • License and permit
  • Contract bonds
  • Court bonds

License & Permit Bonds

Like all states, Idaho requires many businesses to be licensed through one of the state’s departments and agencies. Some businesses will also be asked to obtain a license and permit bond as part of the licensing process.

These bonds are a form of guarantee that the bonded individual or business will comply with Idaho state laws and regulations. If a bonded businesses’ customers are deceived or otherwise harmed financially, the license bond offers them legal recourse against the business. By filing a claim against the bond, claimants may receive financial compensation up to the full amount of the bond.

Some of the most commonly sought bonds in the state include the auto dealer bond, the freight broker bond and the loan originator bond. Of course, many other businesses also require bonds.

Start your surety bond application today! Why us?
  • Quick turnaround - just 1-2 business days
  • Tailor-made advice on building a strong application
  • Exclusive bad credit programs

Contract Bonds

Idaho contractors who are licensed and bonded will often be asked to obtain contract bonds, also known as construction bonds, before they bid on a project contract or upon being awarded a contract.

Contractors are required to obtain these bonds when they work on a federal or state construction project above a certain dollar amount, although some private project owners may also require bonds. What kind of contract bond a contractor must obtain depends on the conditions of the construction contract for a particular project. These bonds guarantee that contractors comply with the conditions of the contract, and with Idaho state regulations for contractors.

Court Bonds

In some cases, an Idaho court may request that an individual obtain a court bond. Of these, a supersedeas bond is sometimes required of individuals who appeal a court ruling in an appellate court. An individual assuming the role of someone’s fiduciary or guardian may be asked to obtain a fiduciary bond, another type of court bond.

Need more information? Call our surety experts at (866)-450-3412 to find out more about the different types of surety bonds in the state.

How Much Does it Cost to Get Bonded in Idaho?

To get your Idaho surety bond, you’ll pay a surety bond premium. The amount of your premium will be determined on an individual basis by sureties.

Premiums are always a fraction of the total amount of the bond. This amount is the maximum compensation which a bond may guarantee to bond obligees. All bonds have different amounts, which are fixed on a state, local or federal level.

How do sureties determine the bond premium?

When determining the amount of your premium, sureties look at your personal credit score as their main reference. An applicant’s credit score is considered the best indicator of their financial stability.

Sureties also look at each applicant’s:

  • Personal and business financial statements
  • Fixed and liquid assets
  • Work experience and business history

Based on these factors and the credit score, applicants are offered a rate. Those who have a high credit score are typically offered a standard market rate between 1%-4% of their bond’s full amount.

For those whose credit score is low, or who have no credit score at all, bonds are offered at a slightly higher rate, between 5%-15% of the full amount of their bond. This is due to a necessary amount of caution that sureties must exercise when providing bonds to applicants with lower scores. Yet, such applicants can significantly improve their rate by raising their credit score and other financial profile.

To get a rough estimate of the cost of your bond, use our surety bond cost calculator below.

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To find out more about how exactly sureties determine rates on bonds, have a look at surety bond cost page.

How to Get Bonded in Idaho

Ready to apply? Follow the instructions below for the bond you need.

License bond application

Apply for your license and permit bond by completing our quick online application. We will contact you shortly with a free and exact quote and more details about the process.

Start your surety bond application today! Why us?
  • The lowest possible rates
  • A 100% money-back guarantee
  • Access to specialty programs, not available to small agencies

Contract bond application

Apply for your contract bond by downloading and completing the online form that's right for you based on your contract amount. Once you've completed the application, send it to us and we'll get in touch shortly.

If you have any questions or require assistance with the application process, call us at (866)-450-3412!

Further Reading


About the author:
Todd Bryant
Todd Bryant is a graduate of Germantown Academy and the University of Pittsburgh College of Business Administration Honors College. He has been President of Bryant Surety Bonds, Inc., an A+ rated Business with the Better Business Bureau, since 2007. Licensed as a producer with the Department of Insurance, he has been published in the National Association of Surety Bond Producers newsletter and on numerous authoritative publications such as The Washington Post, Entrepreneur.com, Azcentral.com and many more.