Nebraska Surety Bonds

Nebraska Surety Bond Overview

Surety bonds are required in Nebraska for a number of purposes. Businesses that want to obtain a license will often need to post a surety bond as part of the license application process. Contractors who wish to perform on certain construction projects are often also required to post one or several bonds.

What is the purpose of the bond?

The surety bond is a form of guarantee for the party that requests the bond. Typically, it is the various state agencies that require individuals or businesses to get bonded. These bonds serve as a guarantee that the bonded party (the bond principal) will comply with state laws and regulations.

If the bond principal violates the surety bond agreement and causes losses or damages to the state or public, a claim can be filed against the bond.

If you require more information about how bonds work and why they are required, see our 'What is a surety bond' guide for a full overview!

Ready to apply? Find the bond you need in the table below and follow the application link.

Want to know more about surety bonds in Nebraska? See the following sections for information about the types of bonds, the bond cost, and how to apply.

Types of Nebraska Surety Bonds

The most common types of bonds required in the state include:

• License and permit bonds - required when you want to obtain a professional license in certain industries.
• Construction bonds - needed if you are a construction contractor who would like to bid on public or private construction projects.
• Court bonds - required in certain special cases by a Nebraska court.

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:

• Motor vehicle dealer bond
  • Obligee: Nebraska Motor Vehicle Industry Licensing Board
  • Bond amount: $50,000
• 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

About us:

Bryant Surety Bonds

Bryant Surety Bonds, Inc. is a surety bond agency based in Pennsylvania. Licensed in all 50 states and with access to over 20 T-listed, A-Rated bonding companies, we have the contacts, expertise, and top service to provide you with a hassle-free experience, all while offering competitive rates for your surety bond.