Maryland Surety Bonds Overview
Bryant Surety Bonds is licensed to underwrite surety bonds in the state of Maryland, and throughout the nation. We work exclusively with A-rated and T-listed surety bond companies in Maryland.
Our highly trusted network of partner companies gives us access to numerous standard and specialty markets. That’s how we can offer our clients some of the lowest rates on Maryland surety bonds, as well as stable backing by a reliable surety.
We also offer a Bad Credit Surety Bond Program, for those who are having problems obtaining a bond in a standard market.
To get started with your surety bond application immediately, use the table below and its search function to find the Maryland surety bond you need. From there, simply click ‘Apply’ and follow the instructions. You can also find out more about Maryland surety bonds before applying. Just scroll down to the next sections where you can find information about the various types of Maryland surety bonds which we underwrite, how much these cost and how you can get bonded in Maryland.
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) Bond||Montgomery County Maryland Dept of Permitting Serv||Montgomery County Performance Bond||Apply Now|
|Contractor License Performance & Payment (Local) Bond||City of Takoma Park||Storm Water Management Bond||Apply Now|
|Contractor License Performance & Payment (State) Bond||Home Improvement Commission||Home Improvement Contractor||Apply Now|
|Contractor License Performance & Payment (State) Bond||State of Maryland||Home Improvement Contractor's Bond||Apply Now|
|Excess Weight, Other Highway & Street Permit Bond||MD Motor Carrier Division||Hauling Performance Bond||Apply Now|
|Investment Advisor (Blue Sky) Bond||Securities Commissioner||Investment Advisor||Apply Now|
|Collection Agency Bond||Commissioner of Financial Regulation||Collection Agency||Apply Now|
|Debt Consolidators Bond||Commissioner of Financial Regulation||Licensee Surety Bond Credit Service Business||Apply Now|
|Debt Consolidators Bond||Commissioner of Financial Regulation||Debt Settlement Services Registration||Apply Now|
|Professional Fund Raisers Bond||State of Maryland||Professional Solicitors & Public Safety Solicitors||Apply Now|
|Insurance Agents/Brokers Bond||Maryland Automobile Insurance Fund||Automobile Insurance Fund Producer||Apply Now|
|Insurance Agents/Brokers Bond||MD Insurance Commissioner||Insurance Administration Insurance Advisor||Apply Now|
|Insurance Surplus Lines Brokers Bond||Maryland Insurance Administration||Surplus Lines||Apply Now|
|Insurance 3rd Party Administrator Bond||Maryland Department of Insurance||3rd Party Administrator Bond||Apply Now|
|Mortgage Broker (1st & 2nd Mortgages) Bond||Financial Reglation Commissioner, Maryland Dept of||Mortgage Broker||Apply Now|
|Mortgage Lender/Banker (1st & 2nd Mort.) Bond||Commissioner of Financial Regulation||Mortgage Lender||Apply Now|
|Title Insurance Agents & Escrow Officers Bond||Maryland Insurance Administration||Insurance Administrator Title||Apply Now|
|Auto & Mobile Home Dealers (New & Used) Bond||Motor Vehicle Administration||Vehicle or Trailer Dealer Bond||Apply Now|
|Auto & Mobile Home Dealers (New & Used) Bond||Dept of Natural Resources, Licensing & Registratio||Boat Dealer||Apply Now|
|Auto & Mobile Home Dealers (Used Only, No New) Bond||Motor Vehicle Administration||Vehicle or Trailer Dealer||Apply Now|
|Motor Vehicle (Non-Dealer, Not Listed) Bond||Motor Vehicle Administration||Title Service Agent||Apply Now|
|Motor Vehicle (Non-Dealer, Not Listed) Bond||Dept of Natural Resources Licensing & Registration||Boat Dealer Bond||Apply Now|
|Motor Vehicle (Non-Dealer, Not Listed) Bond||State of Maryland||Motor Vehicle Manufacturer||Apply Now|
|Motor Vehicle (Non-Dealer, Not Listed) Bond||State Highway Administration||Credit Hauling Bond||Apply Now|
|Motor Vehicle (Non-Dealer, Not Listed) Bond||Prince George's County||Motor Vehicle Repair Facility License||Apply Now|
|Health Spas/Health Clubs Bond||Consumer Protection Division||Health Club||Apply Now|
|Employment Agencies Bond||Dept. of Labor, Licensing & Regulation||Employement Agrency License||Apply Now|
|Professional Licenses (All Other) Bond||Maryland Board of Pharmacy||Wholesale Distributor Surety||Apply Now|
|Professional Licenses (All Other) Bond||Department of Public Safety and Correctional Servi||Private Finger Printing Provider||Apply Now|
|Professional Licenses (All Other) Bond||Maryland Public Services Commission||Broker / Aggregator Bond||Apply Now|
|Professional Licenses (All Other) Bond||Securities Division||Franchisor Bond||Apply Now|
|Professional Licenses (All Other) Bond||Maryland Board Of Pharmacy||Wholesale Distributor Bond||Apply Now|
|Professional Licenses (All Other) Bond||Prince George's County, Maryland||Towing Service License Bond||Apply Now|
|Schools (All) Bond||MD Higher Education Commission||Institution of Postsecondary Education||Apply Now|
|Schools (All) Bond||MD Motor Vehicle Administration||Surety Bond of Information Requestor Driver/Vehicl||Apply Now|
|Schools (All) Bond||MD Higher Education Commission||Schools (All) Bond||Apply Now|
|Schools (All) Bond||Motor Vehicle Administration||Driver Education Program||Apply Now|
|Schools (All) Bond||Maryland Higher Education Commission||Private Career School||Apply Now|
|Schools (All) Bond||Maryland Higher Education Commission||Private Career School Bond||Apply Now|
|Alcohol (Manufacturers, Warehouses, Wholesalers) Bond||State of Maryland||Beer (Non Resident or Resident Dealer Bond||Apply Now|
|Alcohol (All Others) Bond||Comptroller of MD - Revenie Administration Div.||Direct Wine Shipper Bond||Apply Now|
|Alcohol (All Others) Bond||Comptroller of MD - MATT Reg. Division A&T||Wine and Liquor Bond||Apply Now|
|Cigar/Cigarette & Tobacco Tax Bond||Comptroller of Maryland||Other Tobacco Products (OTP)||Apply Now|
|Fuel Tax (All Others, Sellers & Users) Bond||Comptroller of Maryland||Motor Fuel Dealer, User, Seller Bond||Apply Now|
|Utility Deposit Bond||Baltimore Gas & Electric||Baltimore Gas & Electric Utility Bond||Apply Now|
|Wages & Fringe Benefits Bond||Local Union No. 24 Intl Brotherhood of Elec.Worker||Local Union No. 24 - Electrical Workers, AFL-CIO||Apply Now|
|Wages & Fringe Benefits Bond||Maryland Electrical Industry Funds||Maryland Electrical Industry Funds||Apply Now|
|Wages & Fringe Benefits Bond||International Brotherhood of Electrical Workers||Voice - Data - Video National Agreement Bond||Apply Now|
|Wages & Fringe Benefits Bond||Plumbers and Steamfitters Local 486 Joint Funds Ad||Plumbers and Steamfitters Local 486 Joint Administ||Apply Now|
|Wages & Fringe Benefits Bond||MARYLAND PLUMBING & PIPEFITTING||Payment of Employee Benefit Contributions and Wage||Apply Now|
|Wages & Fringe Benefits Bond||IBEW Local 26||Wage Payment Bond (IBEW Local 26)||Apply Now|
|Wages & Fringe Benefits Bond||International Association Heat & Frost Insulators||Employer's Wage, Expense, Welfare and Pension Fund||Apply Now|
|Fringe Benefits Only Bond||IBEW Local 26||Guaranteed Payment Bond (Local 26 IBEW-NECA)||Apply Now|
|Lottery Bond||Maryland State Lottery Agency||Lottery/Lotto||Apply Now|
|Money Transmitter Bond||Gloabl Express Money Orders, INc.||Global Express Money Orders Inc. Indemnity Bond||Apply Now|
|Telemarketing/Phone Solicitor Bond||State of Maryland, Office of the Secretary of Stat||Surety Bond for Professional Solicitors & Public S||Apply Now|
|Telemarketing/Phone Solicitor Bond||Prince George's County||Door to Door Solicitor License Performance Bond||Apply Now|
Types of Surety Bonds in Maryland
With Bryant Surety Bonds, all types of Maryland surety bonds are available to our clients. We can provide the relevant Maryland license and permit bonds to all kinds of businesses who are getting licensed and need to get bonded. We can also bond contractors who need Maryland contract bonds, such as performance and payment bonds. Or we can provide court bonds to those of our clients who have been ordered by a Maryland court to get bonded. All of these various bonds are available through us for our clients in Maryland.
Read on below to find the type of Maryland surety bond you need.
Maryland License & Permit Bonds
Maryland license and permit bonds are necessary for certain businesses as part of the licensing process. Not all states require the same businesses to get licensed and bonded. Some, such as auto dealers, freight brokers and most contractors are required to do so on a nationwide basis. Others may differ - which depends on a state’s business licensing regulations.
The purpose of Maryland license bonds is to serve as a financial guarantee for obligees that they will be compensated if they suffer financial harm, due to a business malpractice, fraud or other misdeed. In this way, these bonds protect the state and the public, as well as individual consumers.
Maryland auto dealer bonds and Freight broker bonds are among the license bonds that we underwrite the most, although we offer and underwrite all other types of Maryland license bonds as well. The amounts of most of these bonds are determined on a state level. Some, such as the $75,000 freight broker bond, have the same amount throughout the whole country.
Surety bond amount and surety bond cost are two distinct things, so do not be alarmed at these figures. Read on below, under the Maryland surety bond cost section, to find out more.
Maryland Contract Bonds
Another type of Maryland bonds, which we underwrite at Bryant Surety Bonds, are contract bonds. Maryland contractors will almost always be required to obtain these bonds when they are about to bid on a construction project, or perform work on one. These bonds are sometimes also required as a guarantee for subcontractors and suppliers that they will receive payment in a timely manner.
State and federal construction projects almost always require contractors to obtain Maryland contract bonds, as do many private project owners. Depending on the amount of your contract bond, there are two ways for you to apply. Find out how below.
Maryland Court Bonds
Court bonds are also among the types of Maryland bonds which we underwrite. Maryland probate courts and appellate courts are usually those who require individuals to obtain these bonds.
The function of these bonds is to either protect the appellate system from abuse or to provide guarantee to those who have their estates and assets being take care of by fiduciaries and guardians.
If you have questions about any of these bonds, or would like to speak to one of our surety bond experts before you get bonded, call us at (866) 450-3412! Our experts know all about the bonding requirements in Maryland, and can provide you with assistance and guidance.
Surety Bond Cost in Maryland
Surety bond cost is based on a surety bond’s amount. The cost of a bond is usually a fraction of its total amount (its penal sum). This amount is often set on a state level, although there are some exceptions, such as the $75,000 freight broker bond. Using the freight broker bond as an example, the cost of obtaining this bond will be a small percentage of $75,000.
Premiums are determined by surety bond companies on the basis of an applicant’s financial status. Personal credit score is the criterion which sureties evaluate most thoroughly when setting a rate for applicants. This is due to the fact that credit score is a reliable indicator of applicants’ financial health. Sureties also consider other indicators, however, such as:
Your personal financial statements
Your business financial statements
Your industry experience
How long your business has been operational
- Other factors
Those applicants who have a high credit score are offered rates on their bonds which are between 1%-4% of the bond amount. But the exact amount of their premium depends on the bond they are applying for, as well as other factors.
Those applicants who don’t have a credit score, or have a low credit score, usually have difficulties when they apply for a bond. Sureties tend to perceive low-credit applicants as a risk, and are therefore reluctant to provide them with bonds. Yet, thanks to our solid and long-lasting relationships with a number of the best Maryland surety bond companies, we are able to offer bad credit applicants the possibility to get Maryland surety bonds.
Our Bad Credit Surety Bond Program is a tailored solution through which bad credit applicants can obtain their Maryland surety bond, though at slightly higher rates. Rates under this program range between 5%-15% of the total bond amount.
Despite the higher rates, which are meant to offset the risk involved, bad credit applicants can rest assured that we always search for the lowest and most exclusive rates possible. All our clients get bonds only by the best companies whose backing is deemed highly secure and trustworthy by a number of financial institutions.
Would you like to know how much your Maryland surety bond will cost? For an estimate calculation, use our surety bond cost calculator on the right. If you want to receive a free and precise quote on your bond, with no obligations attached, go ahead and submit your application. We will contact you shortly.
Check out our Surety Bond Cost page for even more information about what influences the cost of your bond, and whether and how you can lower your premium.
How to Get Bonded in Maryland
Getting bonded in Maryland is quick and simple. You begin by following the appropriate application link and filling in the relevant form.
For a Maryland license and permit bond, apply online here. All that’s required is for you to fill in your application and submit it. We will review it and contact you with a free quote on your bond. Most Maryland license bonds are approved fairly easily and quickly, so you can often expect us to contact you within the same day.
If you are applying for a Maryland contract surety bond you are presented with two options. If the amount of your contract bond is less than $250,000, you should apply through our Fast Track Program. If your contract bond’s amount is above $250,000 you should apply through our Full Bond Line Project application, since larger bonds go through a different process of approval.
Just download the online form that’s relevant for you, fill it in and send it back to us. You may have to wait somewhat longer for your quote and approval than with license bonds because contract bond forms take longer to assess. Nonetheless, we will contact you with your quote as soon as possible.
You can also call anytime at (866)-450-3412, to speak to us about anything related to surety bonds. If you have any questions about a particular bond or need help with your application - our experts will be there.
Our ‘what is a surety bond’ guide is another highly valuable resource. This guide contains everything that you need to know about surety bonds and how they work.
Maryland Surety Bond Companies
To assure the highest quality of the surety bonds we underwrite, we at Bryant Surety Bonds have created a network of successful partnerships with some of the most reliable sureties in the industry.
Surety bond companies in Maryland, such as Philadelphia Indemnity Insurance Company, Washington International Insurance Company, and Swiss Reinsurance American Corporation, are among our closest partners.
All of these companies are T-listed with U.S. Department of Treasury and are further A-rated or better under the AM BEST credit rating system. By getting bonded with us, you are backed by the best in the business.