Why Do I Need a Surety Bond in Idaho?
Surety bonds function as financial security for the state and the public and guarantee compliance with laws and regulations in Idaho.
Typically, you can obtain one of the following types of bonds:
If you want to get a business or professional license in Idaho, you may be required to present a license or permit surety bond as a form of financial security.
To work as a contractor in the state, you may also be asked to submit one or several contract bonds before you can bid or perform on a construction project.
In some cases, an Idaho court may request you to obtain a court bond, for example, to appeal a court ruling or when assuming the role of someone’s fiduciary or guardian.
To learn more about how surety bonds work and why you need one, see our detailed 'What is a surety bond' guide!
Most Popular Surety Bonds in Idaho
If you're ready to get bonded, see the table below to find the bond you need right away.
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".
|Freight Broker Bond (BMC-84)||FMCSA||N/A||Apply Now|
|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|
How Much Does a Surety Bond Cost?
To get your Idaho surety bond, you’ll pay a surety bond premium determined on an individual basis by sureties. Premiums are always a fraction of the total amount of the bond. When determining the amount of your premium, sureties look at your personal credit score as their main reference. Those who have a high credit score are typically offered a standard market rate between 1%-3% of their bond’s full amount. For those whose credit score is low bonds are offered at a slightly higher rate, between 5%-15% of the full amount of their bond.
To get a rough estimate of the cost of your bond, use our surety bond cost calculator below.
Surety Bond Cost Calculator
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To find out more about how exactly sureties determine rates on bonds, have a look at surety bond cost page.
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 to Get Bonded in Idaho
To apply for a surety bond in Idaho simply submit our easy 2-min online application. We will contact you shortly with a free and exact quote and more details about the process.