Surety Bond Cost in Massachusetts

A wide array of businesses in Massachusetts are required to get a surety bond – as part of their licensing process, or for executing specific projects.

It’s important to differentiate between the amount of the surety bond you are required to post, and the surety bond cost that you have to pay. The amount set by the authority requiring the bond functions as the penal sum of the bond. If you transgress your obligations under the bond, and a claim is proven against you, this is the maximum sum for compensation of all affected parties.

The surety bond cost is only a percentage of this penal sum, called the premium, which is usually between 1% and 4% for applicants qualifying for the standard bonding market.

How is bond cost determined?

Your actual bond cost depends on a variety of personal and business factors. When you apply for a bond, the surety needs to examine these factors and assess the strength and stability of your business. The less risky it is to underwrite your bond, the less you will pay for the bond.

Some of the most important criteria in this assessment include:

  • Personal credit score (most important)
  • Financial statements
  • Assets and liquidity
  • Your experience in the industry

Our surety bond cost calculator below can give you an estimation of your bond cost depending on your circumstances. To get a free and exact quote, complete our bond application form and we will contact you shortly.

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Can I get bonded with bad credit?

Bad credit applicants can get bonded at slightly higher rates, between 5% and 15% of the total bond amount. As the risk involved in bonding them is bigger, the higher premiums are there to compensate for it. Nevertheless, this is a great opportunity with businesses with problematic finances to obtain the bond they need, and have the chance to improve their financial stats over time.

Use the table below to search for your specific Massachusetts surety bond.

Don’t see 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 (State) Bond The Town of Weston Town of Weston - Street Opening Permit Bond Apply Now
Investment Advisor (Blue Sky) Bond State of Massachusetts Securities Division Uniform Surety Apply Now
Collection Agency Bond Massachusetts Division of Banks $25,000 Collection Agency Apply Now
Professional Fund Raisers Bond Commonwealth of Massachusetts Professional Solicitors and Commerical Co-venturer Apply Now
Mortgage Broker (1st & 2nd Mortgages) Bond Division of Banks Mortgage Broker Bond Apply Now
Mortgage Broker (1st & 2nd Mortgages) Bond Investment Adviser Licensing Section Uniform Surety Apply Now
Mortgage Broker (1st & 2nd Mortgages) Bond Division of Banks Mortgage Loan Originator Bond Apply Now
Mortgage Lender/Banker (1st & 2nd Mort.) Bond Treasurer and Reciever General Mortgage Lender Apply Now
Real Estate Agents/Brokers Bond Massachusetts Division of Professional Licensure Real Estate Broker Apply Now
Auto & Mobile Home Dealers (New & Used) Bond City of Boston, MA MASSACHUSETTS USED CAR DEALER?S Apply Now
Auto & Mobile Home Dealers (New & Used) Bond Town of Dighton Used Car Dealer's Apply Now
Auto & Mobile Home Dealers (New & Used) Bond Town of Barnstable Licensing Division Town of Barnstable, MA Used Car Dealer's Bond Apply Now
Auto & Mobile Home Dealers (Used Only, No New) Bond Town of Abington Abington, MA Used Car Dealer's Apply Now
Auto & Mobile Home Dealers (Used Only, No New) Bond City of Taunton Taunton, MA Used Car Dealer's Apply Now
Auto & Mobile Home Dealers (Used Only, No New) Bond City of Fall River Fall River, MA Used Car Dealer's Apply Now
Auto & Mobile Home Dealers (Used Only, No New) Bond Town of Middleton Middleton, MA Used Car Dealer's Apply Now
Auto & Mobile Home Dealers (Used Only, No New) Bond City of Medford Medford, MA Used Car Dealer's Apply Now
Auto & Mobile Home Dealers (Used Only, No New) Bond City of Worcester Worcester, MA Used Car Dealer's Apply Now
Auto & Mobile Home Dealers (Used Only, No New) Bond City of Lawrence Lawrence, MA Used Car Dealer's Apply Now
Auto & Mobile Home Dealers (Used Only, No New) Bond City of Peabody Peabody, MA Used Car Dealer's Apply Now
Auto & Mobile Home Dealers (Used Only, No New) Bond Town of Hampden Hampden, MA Used Car Dealer's Apply Now
Auto & Mobile Home Dealers (Used Only, No New) Bond Town of North Andover North Andover, MA Used Car Dealer's Apply Now
Auto & Mobile Home Dealers (Used Only, No New) Bond City of Attleboro Attleboro, MA Used Car Dealer's Apply Now
Auto & Mobile Home Dealers (Used Only, No New) Bond Town of Natick Natick, MA Used Car Dealer's Apply Now
Auto & Mobile Home Dealers (Used Only, No New) Bond City of Boston Boston, MA Used Car Dealer's Apply Now
Auto & Mobile Home Dealers (Used Only, No New) Bond Town of Milford Milford, MA Used Car Dealer's Apply Now
Auto & Mobile Home Dealers (Used Only, No New) Bond City of Malden Malden, MA Used Car Dealer's Apply Now
Auto & Mobile Home Dealers (Used Only, No New) Bond Town of Salisbury Salisbury, MA Used Car Dealer's Apply Now
Auto & Mobile Home Dealers (Used Only, No New) Bond Town of Danvers Danvers, MA Used Car Dealer's Apply Now
Auto & Mobile Home Dealers (Used Only, No New) Bond Town of Westport, MA Westport, MA Used Car Dealer Apply Now
Auto & Mobile Home Dealers (Used Only, No New) Bond Town of North Attleboro North Attleboro, MA Used Car Dealer Apply Now
Auto & Mobile Home Dealers (Used Only, No New) Bond Town of Framingham Framingham, MA Used Car Dealer Apply Now
Auto & Mobile Home Dealers (Used Only, No New) Bond Department of Municipal Licensing Marlborough, MA Used Car Dealer Apply Now
Auto & Mobile Home Dealers (Used Only, No New) Bond Town of Groton Groton, MA Used Car Dealer Apply Now
Auto & Mobile Home Dealers (Used Only, No New) Bond Town of Franklin Franklin, MA Used Car Dealer Apply Now
Auto & Mobile Home Dealers (Used Only, No New) Bond Town of Carver Licensing Authority Carver, MA Used Car Dealer Apply Now
Auto & Mobile Home Dealers (Used Only, No New) Bond City of Lynn, City Clerks Officer Lynn, MA Used Car Dealer's Apply Now
Auto & Mobile Home Dealers (Used Only, No New) Bond City Of Somerset Somerset, MA Used Car Dealer's Apply Now
Auto & Mobile Home Dealers (Used Only, No New) Bond Town of Auburn Auburn, MA Used Car Dealer's Bond Apply Now
Auto & Mobile Home Dealers (Used Only, No New) Bond City of Cambridge Auto & Mobile Home Dealers (Used Only, No New) Bon Apply Now
Auto & Mobile Home Dealers (Used Only, No New) Bond Town of Rockland Rockland, MA Used Car Dealer's Apply Now
Auto & Mobile Home Dealers (Used Only, No New) Bond Town of Mendon Mendon, MA Used Car Dealer's Bond Apply Now
Auto & Mobile Home Dealers (Used Only, No New) Bond Town of Haverhill Haverhill, MA Used Car Dealer's Bond Apply Now
Auto & Mobile Home Dealers (Used Only, No New) Bond Town Of Dudley, MA Dudley, MA Used Car Dealer's Bond Apply Now
Auto & Mobile Home Dealers (Used Only, No New) Bond Town of Randolph Randolph, MA Used Car Dealer Apply Now
Auto & Mobile Home Dealers (Used Only, No New) Bond Town of Bourne Bourne, MA Used Car Dealer's Bond Apply Now
Auto & Mobile Home Dealers (Used Only, No New) Bond Town of Stoughton Stoughton, MA Used Car Dealer Bond Apply Now
Auto & Mobile Home Dealers (Used Only, No New) Bond City of Westfield Westfield, MA Used Car Dealer's Apply Now
Auto & Mobile Home Dealers (Used Only, No New) Bond Town of Amherst Amherst, MA Used Car Dealer's Apply Now
Auto & Mobile Home Dealers (Used Only, No New) Bond Town Of Reading Used Car Dealer's Bond Apply Now
Auto & Mobile Home Dealers (Used Only, No New) Bond Town of Wareham Wareham, MA Used Car Dealer's Bond Apply Now
Auto & Mobile Home Dealers (Used Only, No New) Bond Town of Southwick Southwick, MA Used Car Dealer's Bond Apply Now
Auto & Mobile Home Dealers (Used Only, No New) Bond Town Of Oxford Town of Oxford, MA Used Car Dealer Bond Apply Now
Auto & Mobile Home Dealers (Used Only, No New) Bond City Of Saugus Saugus, MA Used Car Dealer Bond Apply Now
Auto & Mobile Home Dealers (Used Only, No New) Bond Town of Gill, MA Used Car Dealer's Bond Apply Now
Auto & Mobile Home Dealers (Used Only, No New) Bond Town of Orange Orange, MA Used Car Dealer Bond Apply Now
Auto & Mobile Home Dealers (Used Only, No New) Bond Town of Swansea Swansea, MA Used Car Dealer Bond Apply Now
Auto & Mobile Home Dealers (Used Only, No New) Bond Town of Hopedale Town of Hopedale, MA Used Car Dealer Bond Apply Now
Auto & Mobile Home Dealers (Used Only, No New) Bond Town of Easton Town of Easton, MA Used Car Dealer Bond Apply Now
Auto & Mobile Home Dealers (Used Only, No New) Bond Town of Needham Town of Needham, MA Used Car Dealer Bond Apply Now
Auto & Mobile Home Dealers (Used Only, No New) Bond Town of Yarmouth Town of Yarmouth, MA Used Car Dealer Bond Apply Now
Auto & Mobile Home Dealers (Used Only, No New) Bond Town of Walpole Town of Walpole, MA Used Car Dealer Bond Apply Now
Auto & Mobile Home Dealers (Used Only, No New) Bond Town Of Rowley Town of Rowley, MA Used Car Dealer's Bond Apply Now
Auto & Mobile Home Dealers (Used Only, No New) Bond Town of West Bridgewater West Bridgewater, MA Used Car Dealer's Bond Apply Now
Auto & Mobile Home Dealers (Used Only, No New) Bond Town Of Raynham Town Of Raynham, MA Used Car Dealer's Bond Apply Now
Auto & Mobile Home Dealers (Used Only, No New) Bond Town of Winchendon Town of Winchendon, MA Used Car Dealer's Bond Apply Now
Auto & Mobile Home Dealers (Used Only, No New) Bond Town of Barnstable Town of Barnstable, MA Used Car Dealer's Bond Apply Now
Auto & Mobile Home Dealers (Used Only, No New) Bond City of Agawam City of Agawam, MA Used Car Dealer's Bond Apply Now
Auto & Mobile Home Dealers (Used Only, No New) Bond City of Somerset City of Somerset, MA Used Car Dealer's Bond Apply Now
Auto & Mobile Home Dealers (Used Only, No New) Bond Town of North Oxford Town of North Oxford, MA Used Car Dealer's Bond Apply Now
Auto & Mobile Home Dealers (Used Only, No New) Bond City of Somerville City of Somerville, MA Used Car Dealer's Bond Apply Now
Auto & Mobile Home Dealers (Used Only, No New) Bond Town of Kingston Town of Kingston, MA Used Car Dealer's Bond Apply Now
Auto & Mobile Home Dealers (Used Only, No New) Bond Town of Andover Town of Andover, MA Used Car Dealer's Bond Apply Now
Auto & Mobile Home Dealers (Used Only, No New) Bond Town of Franklin Town of Franklin, MA Used Car Dealer's Bond Apply Now
Auto & Mobile Home Dealers (Used Only, No New) Bond City of Leominster City of Leominster, MA Used Car Dealer's Bond Apply Now
Auto & Mobile Home Dealers (Used Only, No New) Bond City of Melrose City of Melrose, MA Used Car Dealer's Bond Apply Now
Auto & Mobile Home Dealers (Used Only, No New) Bond City of Pittsfield City of Pittsfield, MA Used Car Dealer's Bond Apply Now
Motor Vehicle (Non-Dealer, Not Listed) Bond Commonwealth of Massachusetts, RMV Electric Vehicle Registration Permit Bond Apply Now
Health Spas/Health Clubs Bond Massachusetts Attorney General Health Club Apply Now
Auctioneers (Other than Livestock) Bond BASE (WHALING CITY SEAFOOD DISPLAY AUCTION) Seafood Auction Purchaser Bond Apply Now
Detectives Bond Commonwealth of Massachusetts Detectives Bond Apply Now
Employment Agencies Bond MA Commonwealth Employment Agency License Apply Now
Professional Licenses (All Other) Bond Commonwealth of MA - Div of Standards Auto Repair Shop Apply Now
Schools (All) Bond Massachusetts Registry of Motor Vehicles Driving School Bond Apply Now
Schools (All) Bond MA Dept of Elementary and Secondary Education Private Occupational School Bond Apply Now
Schools (All) Bond Massachusetts Board of Cosmetology Board of Registration of Cosmetologists School Apply Now
Schools (All) Bond MA Real Estate Board Board Of Registration Of Real Estate Brokers and S Apply Now
Schools (All) Bond State of Massachusetts Board of Cosmetology Cosmetology School Apply Now
Alcohol (Manufacturers, Warehouses, Wholesalers) Bond Commonwealth of Massachusetts ABCC Bond for Liquor License Apply Now
Alcohol (Retailers) Bond Nat'l Revenue Ctr - Alcohol/Tobacco Tax Bureau Brewer's Apply Now
Contractors Tax (Single Contract) Bond MA Department of Revenue, Audit Division Contractor Guarrantee Tax Bond Apply Now
Other Public Warehouses (All) Bond Dept of Public Safety Public Warehouses Apply Now
Utility Deposit Bond NSTAR Electric Company Utility Deposit Bond Apply Now
Auctioneer's (Net Proceeds Meet Amount) Bond Deputy Director Auctioneer Bond Apply Now
Indemnity (Miscellaneous - Not Listed) Bond Town of Swansea Public Official Bond Apply Now
Wages & Fringe Benefits Bond Trustees of Plumbers Union Local 12 Trust Funds Local No.12 Trust Funds and Other Funds Payment Bo Apply Now
Money Transmitter Bond MA Division of Banks Money Transmitter Bond Apply Now
Telemarketing/Phone Solicitor Bond The Commonwealth of MA - Office of the Attorney Ge Bond for Professional Solicitors and Commerical Co Apply Now

Types of Massachusetts Surety Bonds

The following are the three main types of surety bonds that are usually requested by applicants.

  • License and permit bonds are required as part of your business licensing process.
  • Contract bonds are necessary for bidding and performing on public or private construction projects.
  • Court bonds are required by courts in the state for a variety of purposes.

All types of surety bonds are explained in greater detail below.

License & Permit Bonds

If you’re running a business that is required to go through a licensing process with a state, local, or city authority, you might be asked to provide a license and permit bond to obtain the right to operate legally. Depending on the industry you’re in, there might be licensing and bonding rules that apply for the whole country, or you might have to comply with local and/or city requirements.

The local authorities that require the bond, aim to safeguard the interests of the general public, by asking for this extra layer of protection. Your surety bond can be used as a compensation on proven claims for any financial harm you impose on your clients through unlawful or fraudulent actions.

The most popular Massachusetts license and permit bonds include the used car dealer bond and the freight broker bond but there are many other businesses in the state that also need a bond.

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

If you’re doing construction contracting work and would like to bid on private and public projects, you’re likely to be asked to post a few types of contract bonds. These bonds are obtained only for this specific work.

The purpose of contract bonds is to provide an additional guarantee that you will follow and complete all your obligations under the project contract. The most common types of required contract bonds are:

  • Bid bonds
  • Performance bonds
  • Payment bonds
  • Maintenance bonds

Court Bonds

In some cases, a state or local court might require you to post court bonds. The usual occasions when a court bond is required are:

  • When bringing a court case to an appellate court you may have to post a supersedeas bond, also known as an appeal bond.
  • When you are assigned as a guardian of another person’s property or assets, known as fiduciary, a state probate court can require that you post a fiduciary bond.

How to Get Bonded in Massachusetts

In case you need a refresher about surety bonds and the process of obtaining them, our what is a surety bond page contains all the key facts. If you are ready to apply, follow the instructions below

License Bonds Application

Your first step in getting your license bond is to apply online, following the instructions on the page. After you complete the application form, we will provide you with a free quote and, if necessary, request additional information.

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 Bonds Application

If you require a contract bond, you need to download and complete the application form which you need. There are different application forms depending on your contract amount. After we receive your completed form and review it, we will contact you to continue with the bonding process.

Our bonding experts are at your disposal in case you need any help with the application form and documents or have questions about the bonding process. Just 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.