Overview of Nevada Surety Bonds Requirements

Nevada businesses frequently require a surety bond when applying for a license at one of the licensing authorities in the state. Similarly, contractors on public and private projects often need to obtain a bond before they can begin work on a project.

Why is a bond required?

Surety bonds are agreements that serve as a guarantee that the bonded party complies with the laws of the state they operate in such as the Nevada Revised Statutes (NRS) or the Nevada Administrative Code (NAC).

Bonds are also required of contractors who wish to work on public and federal projects. In particular, if a public construction project in Nevada exceeds $100,000, contractors are required to obtain payment and performance bonds before they can begin work.

Apart from guaranteeing compliance, bonds are also used as protection for the parties that require the bonds. Protection is made available in the form of compensation in cases in which the bonded individual or business violates the bond conditions, causing harm or losses to the parties protected by the bond.

See our ‘What is a surety bond’ guide for a detailed and comprehensive introduction to surety bonds, how they work, and why you need one!

Learn more about the types of surety bonds in Nevada below, as well as how much your bond might cost, and how you can apply.

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What Types of Bonds Are Required in Nevada?

There are three main types of bonds which you can get in Nevada. These are:

  • License and permit bonds
  • Contract bonds
  • Court bonds

License & Permit Bonds

From auto dealers and contractors to mortgage brokers and money transmitters, all of these and many other businesses require this type of bond in order to get licensed in the state.

License bonds guarantee that in performing their specific business activities the bonded and licensed party will comply with the laws and regulations of Nevada.

Bonds are renewed together with business licenses which usually happens yearly or every two years.

See the following table if you are looking for a particular type of bond. To learn more about bond cost, see the cost section below!

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 State Contractors Board Residential Pool and Spa License Apply Now
Contractor License Performance & Payment (State) Bond State Contractors Board Nevada State Contractors Board Apply Now
Check Sellers Bond Financil Institutions Division Check Cashing Bond Apply Now
Collection Agency Bond State of Nevada Business & Industry Dept COLLECTION AGENCY Apply Now
Collection Agency Bond Department of Business and Industry Collection Agency Bond Apply Now
Debt Consolidators Bond Division of Mortgage Lending Credit Service Organizations Surety Bond Apply Now
Insurance 3rd Party Administrator Bond Nevada Division of Insurance Administrators As Provided By NRS 683A Apply Now
Mortgage Broker (1st & 2nd Mortgages) Bond Division of Mortgage Lending Mortgage Broker Apply Now
Mortgage Lender/Banker (1st & 2nd Mort.) Bond State of Nevada Covered Service Provider Bond Apply Now
Mortgage Lender/Banker (1st & 2nd Mort.) Bond Division of Mortgage Lending Mortgage Banker Bond Apply Now
Title Insurance Agents & Escrow Officers Bond Division of Mortgage Lending Escrow Agency/Agent Bond Apply Now
Auto & Mobile Home Dealers (New & Used) Bond Occupational and Business Licensing Vehicle Industry Business License Bond Apply Now
Auto & Mobile Home Dealers (Used Only, No New) Bond Occupational and Business Licensing Vehicle Industry Business License Bond Apply Now
Motor Vehicle (Non-Dealer, Not Listed) Bond Nevada - Occupational and Business Licensing Vehicle Industry Business License Apply Now
Motor Vehicle (Non-Dealer, Not Listed) Bond Occupational and Business Licensing Body Shop or Garage Business License Bond Apply Now
Motor Vehicle (Non-Dealer, Not Listed) Bond Nevada Department of Motor Vehicles Specialty License Plate Bond Apply Now
Motor Vehicle (Non-Dealer, Not Listed) Bond Occupational and Business Licensing Vehicle Registration Program Bond Apply Now
Sport Permits Bond Nevada Athletic Commission Promoter's License and Refund Bond Apply Now
Employment Agencies Bond State of Nevada Worker's Compensation Section Employee Leasing Company Apply Now
Book/Magazine Solicitors Bond Clark County Business License Book/Magazine Solicitors Bond Apply Now
Book/Magazine Solicitors Bond Planning Department, Business Licensing Division Coupon Book Sales Bond Apply Now
Nursing Homes Bond State of Nevada, Department of Human Resources, Di Health Care Facilities & Services Apply Now
Professional Licenses (All Other) Bond Nevada State Board of Pharmacy Pharmaceutical Wholesaler Apply Now
Professional Licenses (All Other) Bond City of Henderson Business License Division Alarm System Business Bond Apply Now
Professional Licenses (All Other) Bond Nevada Secretary of the State Document Preparation Service Bond Apply Now
Professional Licenses (All Other) Bond Nevada Department of Insurance Service Contracts Bond Apply Now
Professional Licenses (All Other) Bond City of Las Vegas Second Hand Dealer Bond (City of Las Vegas, NV) Apply Now
Professional Licenses (All Other) Bond Southern Nevada District Chief Health Officer Recycling Center Bond Apply Now
Schools (All) Bond Commission On Postsecondary Ed Private Postsecondary Educational Institution Lice Apply Now
Schools (All) Bond Department of Education Private Elementary and Secondary School License/So Apply Now
Schools (All) Bond Nevada - Occupational and Business Licensing Drive School Bond Apply Now
Alcohol (All Others) Bond Dept of Taxation Liquor Excise Tax Bond Apply Now
Fuel Tax (All Others, Sellers & Users) Bond Nevada Department of Motor Vehicles Fuel Tax (All Others, Sellers & Users) Bond Apply Now
Sales, Use & Consumer Tax Bond State of Nevada SURETY BOND POSTED TO SECURE PERFORMANCE UNDER TIT Apply Now
Utility Deposit Bond Las Vegas Valley Water District Utility Deposit Bond Apply Now
Lottery Bond Nevada Gaming Commission- Tax and License Division Gaming Establishment Apply Now
Money Transmitter Bond FINANCIAL INSTITUTIONS DIVISION Money Transmitter Bond Apply Now
Prepaid/Preneed Funeral Bond State of Nevada Division of Insurance Burial Services Seller Apply Now

Contract Bonds

Under the federal Miller Act, contractors across the U.S. must post bonds in order to compete and perform on federal construction projects over certain amounts.

Similar rules apply to all states, with every state having their own specific requirements. In Nevada, NRS Title 28, Chapter 339 specifies the conditions under which contractors in the state must post a bond.

These bonds guarantee that you will perform in compliance with state law, the requirements of the bond, and the conditions of the construction contract you have been awarded.

Private construction projects in Nevada often also require contractors to obtain the relevant contract bonds.

Court Bonds

Nevada courts may require certain individuals to post a bond in a number of circumstances. These bonds are frequently required of appellants in court before they can appeal a court decision. They are also required of individuals who are appointed guardians or fiduciaries of someone’s estate or assets.

Still not sure which bond you need? Give us a call at (866)-450-3412 and one of our experts will be there to respond to all of your inquiries.

How Much Does it Cost to Get Bonded in Nevada?

What’s the cost of the bond?

First-time applicants often wonder whether they need to pay the amount of their bond to get bonded. The cost of your bond is equal to a fraction of the full amount of your bond. This fraction, or bond rate, is determined by the surety when you apply.

How does the surety determine the bond premium?

In determining the rate of your bond, surety bond companies will look at your personal credit score first.

Apart from your personal credit score, sureties may also look at a number of other factors before offering you a rate on your bond. These include:

  • Personal financial statements
  • Business financial statements
  • Your assets and liquidity
  • Your industry record and experience

Personal credit score is the most important factor, though. Applicants with high credit score will usually be offered so-called standard market rates on their bonds.

For license bonds applicants with a FICO score of 700 or more these rates usually vary between 1%-3% of the total bond amount. Applicants with scores that are slightly below 700 can expect to get bonded at a rate above 3%.

For contract bonds, rates depend on the amount of the bond and other factors beyond the personal credit score.

Can I get bonded if I have bad credit?

Applicants with lower credit scores, so-called bad credit, are usually offered higher rates, between 5%-15%, due to the greater risk involved in bonding them.

Yet, bond rates are not fixed forever, so you can expect any improvement in your credit score and financials to reflect on your bond cost as well.

To get an estimate of the cost of your bond, try the surety bond calculator below!

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How to Get a Surety Bond in Nevada

There are two separate application forms, depending on the type of surety bond you need.

License bond application

To apply for a license bond, complete our online surety bond form. We’ll contact you with a free and exact quote on your bond, along with further details on finalizing your application.

Contract bond application

If you require a contract bond, download the contract bond form that applies to your bond amount. Complete the form, send it to us and we’ll get in touch with you shortly.

For any questions about getting a surety bond in Nevada and specific bonding requirements, 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.