Nebraska Surety Bond Overview
Many Nebraska businesses are required to obtain a Nebraska surety bond, so that they comply with state and local rules. Whatever kind of surety bond you need, Bryant Surety Bonds is licensed to underwrite it, and can guide you through the bonding process.
Even if your finances are problematic, you can still get bonded with our Bad Credit Surety Bond Program. We work with a number of A-rated and T-listed Nebraska surety bond companies, which allows us to select the best bonding option for your specific circumstances.
You can find all the details on Nebraska surety bonds below, or see the table to go directly to your bond application.
To locate the Nebraska surety bond you need, you can consult the table just below. For any questions, just call us at (866)-450-3412 and we will be happy to help.
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".
|Investment Advisor (Blue Sky) Bond||Nebraska Department of Banking and Finance||Bureau of Securities Bond||Apply Now|
|Check Sellers Bond||Nebraska Department of Banking & Finance||Delayed Deposit Services Business Bond||Apply Now|
|Collection Agency Bond||NE Collection Agency Licensing Board||Collection Agency License Bond||Apply Now|
|Mortgage Broker (1st & 2nd Mortgages) Bond||Director, Dept of Banking and Finance||Mortgage Originator||Apply Now|
|Mortgage Lender/Banker (1st & 2nd Mort.) Bond||Dept of Banking and Finance||Mortgage Banker||Apply Now|
|Mortgage Lender/Banker (1st & 2nd Mort.) Bond||Dept. of Banking and Finance||Mortgage Banker||Apply Now|
|Title Insurance Agents & Escrow Officers Bond||state of Nebraska||Escrow Agents Bond||Apply Now|
|Auto & Mobile Home Dealers (New & Used) Bond||Motor Vehicle Industry Licensing Board||50K Motor Vehicle Dealer||Apply Now|
|Auto & Mobile Home Dealers (New & Used) Bond||Motor Vehicle Industry Licensing Board||25K Motor Vehicle Dealer||Apply Now|
|Auto & Mobile Home Dealers (Used Only, No New) Bond||Motor Vehicle Industry Licensing Board||Motor Vehicle Dealer ($50K)||Apply Now|
|Auto & Mobile Home Dealers (Used Only, No New) Bond||Motor Vehicle Industry Licensing Board||Motor Vehicle Dealer ($25K)||Apply Now|
|Professional Licenses (All Other) Bond||Dept. of Health and Human Services||Wholesale Drug Distributor||Apply Now|
|Schools (All) Bond||Nebraska Department of Education||Private Postsecondary Career School Bond||Apply Now|
|Schools (All) Bond||Nebraska Department of Health & Human Services||Approved Training Agency Bond||Apply Now|
|Schools (All) Bond||Department of Health and Human Services||Training Agency Bond||Apply Now|
|Alcohol (Retailers) Bond||Nebraska Liquor Control Commission||Alcoholic Liquor Tax Bond||Apply Now|
|Fuel Tax (All Others, Sellers & Users) Bond||Nebraska Dept of Revenue||Motor Fuels Tax Bond||Apply Now|
|Lottery Bond||Nebraska Department of Revenu||Nebraska Lottery Retailer||Apply Now|
|Appraisal Management||Real Estate Appraisers Board||Appraisal Management Company Bond||Apply Now|
Types of Nebraska Surety Bonds
Bryant Surety Bonds offers the full range of Nebraska surety bonds. The most common types of bonds include:
- License and permit bonds are required when you want to obtain a professional license in certain industries.
- Construction bonds are needed if you are a construction contractor who would like to bid on public or private construction projects.
- Court bonds are required in some special cases by a Nebraska court.
Nebraska License & Permit Bonds
Obtaining a license is a usual requirement for plenty of Nebraska businesses, so that they operate in compliance with state, local or city rules. Getting a license and permit bond is often a part of that process.
The purpose of the Nebraska surety bond is to safeguard the interests of the state and the general public, protecting them from any fraudulent activities that businesses could engage in. In this sense, the bond is like an extra line of credit for your business. If you don’t comply with relevant regulations, a claim can be made on your bond. If the claim is proven, you might have to reimburse affected parties up to the maximum sum of the bond.
The most common Nebraska license and permit bonds are:
- Nebraska motor vehicle dealer bond
- Obligee: Nebraska Motor Vehicle Industry Licensing Board
- Bond amount: $50,000
- Nebraska contractor license bond
- Obligee: Nebraska Department of Revenue
- Bond amount: $1,000 for contracts between $2,500 and $10,000; for contracts above $10,000, the bond must be 10% of the contract amount for the first $100,000, and 5% of the amount above $100,000
- Freight broker bond
- Obligee: Federal Motor Carrier Safety Administration
- Bond amount: $75,000
- Expiration date: Coincides with the licensing year
Nebraska Construction Bonds
The second type of commonly-used bonds in Nebraska are construction bonds. If you are working as a construction contractor, you are likely to need them when bidding for private and public construction work.
The purpose of construction bonds is to guarantee that contractors will abide by their contractual obligations, meeting quality standards and deadlines. This way, they protect project owners, and occasionally, subcontractors or other affected parties.
The typically used construction bonds are:
- Bid bonds
- Performance bonds
- Payment bonds
- Maintenance bonds
Nebraska Court Bonds
Court bonds are the third type of Nebraska surety bonds that are typically required, but they are rarely required. Nevertheless, Bryant Surety Bonds can underwrite them for you as well.
The two most common cases in which you would need a court bond are:
- When appealing a court case to an appellate court, you will be asked to provide an appeal bond, alternatively referred to as a supersedeas bond.
- In case you are appointed as a fiduciary, a guardian of somebody’s property, assets or affairs, a Nebraska probate court can ask you to obtain a fiduciary bond.
Surety Bond Cost in Nebraska
There is an important distinction between the surety bond amount that you need to post, and your actual surety bond cost. The bond amount is the largest compensation that can be provided to claimants on proven claims.
The bond price, on the other hand, is a small percentage of this amount, referred to as the bond premium. Typically, it is between 1% and 4% if you qualify for standard market bonding. Consider this: if you need to obtain a $50,000 Nebraska auto dealer bond, your bond cost might be only a few hundred dollars.
Your exact bond premium can be assessed only after you submit a full application with your surety agency. The surety examines your personal and business financials to asses the risk of bonding you. The more stable your situation is, the less you will pay for the bond.
The most important factors used in formulating your bond price are:
- Your personal credit score
- Business finances
- Assets and liquidity
- Industry experience
For an easy way to estimate your surety bond cost, you can use our surety bond cost calculator in the right sidebar of the page. You can submit your full application to also receive an exact bond quote.
How to Get Bonded in Nebraska
Getting bonded in Nebraska has never been easier. You can apply online today and follow the instructions of the easy online form. After completing it, just attach the required documents and send it over to us. Your free bond quote will be with you in no time.
When you receive your bond, it’s a wise idea to save copies of the original bond form for your records.
Need more information on surety bonds? You can read more about how surety bonds work here.
Bryant Surety Bonds’ bonding experts are here to help. If you have any questions about your application, just call us at (866)-450-3412.