Surety Bond Cost in Louisiana
Many businesses in Louisiana are required to get bonded in order to run a licensed business, or perform contract work on construction projects.
While the first impression of the bond amounts might seem very high, the actual price you pay to get your Louisiana surety bond is only a percentage of that amount, and is called the bond premium. The total bond amount represents the penal sum of the bond, which can be used as a compensation in case you transgress the contractual obligations of your bond. The surety bond cost is usually only 1%-4% of the bond amount, if you qualify for bonding at the standard market rates.
If you want an auto dealer license, for example, you’ll probably be required to furnish a Louisiana auto dealer bond, the amount of which can be as high as $100,000. While this figure seems large, you will have to pay only a small percentage of it to obtain the bond.
When you apply for a bond, the surety conducts a thorough examination of your personal and business finances, focusing on your personal credit score. On the basis of this assessment, it sets the premium you need to pay, which corresponds to the risk level involved in getting you bonded.
Your surety bond cost will depend on:
Your credit score
Personal and business finances
Assets and liquidity
- Industry experience and business know-how
Want to get a ballpark estimate of your bond cost? You can use our surety bond cost calculator in the right sidebar. To get an exact quote for free, fill out our surety bond application.
Bad Credit Program
Even with problematic finances, getting bonded in Louisiana doesn’t need to be difficult. That’s why we created our Bad Credit Surety Bond Program to help businesses obtain the Louisiana surety bond they need without any hassle.
The usual bad credit premiums can be in the range of 5%-15%, which is higher than the standard bonding market and is required because of the increased risk. No matter what your premium, you get the same completely secure backing of your Louisiana surety bond.
Applicants with low credit scores, or other negative financial records, pose a higher risk for sureties, which is why some sureties avoid bad credit bonding. This is not the case with us– we foster good connections with our trusted partners, so we can offer you the best bonding rates.
Use the table below to search for your specific Louisiana surety bond.
Couldn’t find your bond? No problem! Call us at (866)-450-3412 and our surety bond experts will find it for you.
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 (Local) BondParish of Ascension(Parish of Ascension, LA) Billboard Installation B
Contractor License Performance & Payment (State) BondSecretary, Dept of RevenueContractor/Sub-Contractor
Excess Weight, Other Highway & Street Permit BondLA Dept of Transportation OversizeHighway Permit Bond
Debt Consolidators BondLouisiana Attorney GeneralCredit Repair Services
Insurance Adjusters BondDepartment of InsurancePublic Adjusters
Insurance 3rd Party Administrator BondLouisiana Department of InsuranceInsurance 3rd Party Administrator Bond
Mortgage Broker (1st & 2nd Mortgages) BondOffice of Financial InstitutionsResidential Mortgage Originator
Mortgage Broker (1st & 2nd Mortgages) BondOffice of Financial InstituteResidential Mortgage Originator
Mortgage Lender/Banker (1st & 2nd Mort.) BondOffice of Financial InstitutionsResidential Mortgage Lender Surety
Mortgage Lender/Banker (1st & 2nd Mort.) BondOffice of Financial InstitutionsRESIDENTIAL MORTGAGE LENDER SURETY
Small Loan Companies BondOffice of Financial InstitutionsPawnbroker Bond
Auto & Mobile Home Dealers (New & Used) BondRecreational and Used Motor Vehicle CommissionMotor Vehicle Dealer
Auto & Mobile Home Dealers (New & Used) BondLousiana Motor Vehicle CommissionNew Motor Vehicle Dealer Bond
Auto & Mobile Home Dealers (Used Only, No New) BondRecreational and Used Motor Vehicle CommissionMotor Vehicle Dealer
Motor Vehicle (Non-Dealer, Not Listed) BondDepartment of Public SafetyAuto Title
Motor Vehicle (Non-Dealer, Not Listed) BondLA Dept of Public Safety and CorrectionsDepartment of Public Safety & Corrections Office o
Motor Vehicle (Non-Dealer, Not Listed) BondLA Dept of Public Safety andOffical Motor Vehicle Inspection Station Bond
Motor Vehicle (Non-Dealer, Not Listed) BondLouisiana Motor Vehicle CommissionRecreational Products Dealer Bond
Sport Permits BondLOUISIANA STATE BOXING &State Boxing & Wrestling Commission
Professional Licenses (All Other) BondOffice of Financial InstitutionsPawnbroker Surety
Professional Licenses (All Other) BondLouisiana Public Service CommissionIntrastate Telecommunications Service Provider Bon
Schools (All) BondState of Louisiana Board of RegentsBlanket Bond for Solicitors (School)
Schools (All) BondState of Louisiana Board of RegentsProprietary School Certificate of Registration Bon
Schools (All) BondOffice of Motor VehiclesPrivately Owned Driving School Bond
Cigar/Cigarette & Tobacco Tax BondDepartment of RevenueTobacco Tax Bond
Fuel Tax (All Others, Sellers & Users) BondLouisiana Department of RevenueMotor Fuels Tax Surety Bond
Utility Deposit BondClaireborne ElectricUtility Payment Bond
Utility Deposit BondSWEPCOIn Lieu of Cash Deposit Bond
Utility Deposit BondEntergy Gulf States Louisiana, LLCElectric and or Gas Service Bond (Entergy Gulf Sta
Utility Deposit BondCleco LouisianaUtility Payment Bond (CLECO)
Financial Guarantee (All Other) BondDepartment of EnviromentalWaste Tire Transporter Financial Guarantee Bond
Money Transmitter BondOffice of Financial InstitutionsSALE OF CHECKS/MONEY TRANSMISSION SURETY
Telemarketing/Phone Solicitor BondLouisiana Dept of JusticeProfessional Solicitor
Appraisal ManagementREABAppraisal Management Company Bond
Types of Surety Bonds in Louisiana
Bryant Surety Bonds can supply you with the Louisiana surety bond that you need. We’re licensed to underwrite the whole array of bonds in the state:
License and permit bonds if you need a surety bond to obtain your business license.
Contract bonds in case you are bidding on construction projects that require this specific type of Louisiana surety bonds
- Court bonds if you are required to furnish a bond by a Louisiana court.
If you need help with the type of bond that you have to obtain, give us a call at (866)-450-3412.
To give you the full picture, the three main types of Louisiana surety bonds are described in detail below.
Louisiana License & Permit Bonds
When you’re starting a new business in Louisiana, depending on the industry, you might be asked to get a license from a city, local or state authority, which usually includes posting a license and permit bond. For some trades, the same rules apply across the U.S. In most cases, there are local or state rules that you have to comply with.
License and permit bonds are required by licensing authorities, or the obligee of the bond, in order to protect the public. If you act in a harmful or fraudulent way, or otherwise don’t follow the applicable rules while conducting your business, the Louisiana surety bond is there to cover any financial harm caused by your activities.
The most popular Louisiana surety bonds include:
Bond amount: $20,000 if you sell less than 119 units in a 12-month period and $35,000 if you sell more than 120 units in a 12-month period
Expiration date: 31 December
- Louisiana contractor license bond
Obligee: Licensing authority of your city or town
Bond amount: Varies across different cities and towns
- Louisiana utility deposit bond
Obligee: The utility provider
Bond amount: Varies across areas and utility providers
Bond amount: $75,000
Expiration date: Coinciding with the licensing year
Louisiana Contract Bonds
When bidding on private or public construction projects, contractors are usually required to post contract bonds.
This type of Louisiana surety bonds applies only to the particular project that requires the bond of its contractors. Contract bonds ensure that your contracting business will follow all contractual obligations set when you’ve been granted the project.
The most common contract bonds include:
- Maintenance bonds
Louisiana Court Bonds
Court bonds are the third main type of Louisiana surety bonds. While court bonds are required relatively rarely, Bryant Surety Bonds can still underwrite them for you.
A Louisiana court might ask you to post a court bond in one of the following cases:
When bringing a case to an appellate court, you will need to obtain an appeal bond, also known as a supersedeas bond.
- If you are appointed as a guardian of another person’s property or assets, which means you are a fiduciary, a Louisiana probate court is likely to require from you a fiduciary bond.
How to Get Bonded in Louisiana
If you need to refresh your knowledge about how bonding works, you can always consult our what is a surety bond page.
To start your bonding process, your first step is to apply online for your Louisiana surety bond. After you complete the application, you’ll need to supply all relevant documents and send them over to us.
We will review your full application and deliver your free, no-obligations bond quote in no time.
The final step is purchase the Louisiana surety bond, and make a copy of it for your personal records. Then you can safely send the original bond form to the authority that required it.
Call us at (866)-450-3412 to speak with one of our bonding experts in case you have any questions about the bonding process. We’d be more than happy to assist you.
Why Choose Bryant Surety Bonds?
How much you’ll have to pay for your Louisiana surety bond, and how secure its backing will be, both depend on the careful selection of a surety agency. Because of our excellent relationships with multiple surety companies, at Bryant Surety Bonds we can ensure the best bonding rates for our clients.
We collaborate closely with numerous A-rated and T-listed sureties, which means we have access to a wide variety of bonding programs. We can get you bonded whatever your credit situation is– and offer you the the best value for your money.
In terms of security, we give you rock-solid backing of your Louisiana surety bond, provided by Liberty Mutual Insurance, Washington International insurance Company, International Fidelity Insurance Company, and the rest of our trusted partners.