Surety Bond Cost in New Jersey
The New Jersey surety bond amount that you must post, and the actual surety bond cost are two different things. The bond amount is the penal sum, which represents the maximum compensation that can be offered to affected parties in case of proven claims. The surety bond cost, on the other hand, is only a percentage of the bond amount. Also called a premium, this cost is usually between 1%-4% for the standard bonding market.
For example, if you need to obtain a $10,000 bond to get licensed as a motor vehicle dealer in New Jersey, you won’t have to pay the whole amount. You’ll have to pay only a small percentage of it, the bond premium.
The actual cost of your specific bond will vary, depending on the bond amount required from you, as well as on your financial stability. When you apply for your New Jersey surety bond, the surety will make a thorough assessment of your business and financial indicators. Your personal credit score is one of the most important factors. On this basis, the surety will set the bond premium, which reflects the perceived risk of getting you bonded.
Other factors that matter in the formation of your bond cost are:
- Financial statements
- Your industry experience
- Assets and liquidity
- Other relevant financial indicators
You can get an estimate of your bond cost through our surety bond cost calculator below. For an exact quote, go ahead and start your application. We’ll send you your free New Jersey surety bond quote shortly.
Surety Bond Cost Calculator
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Use the table below to search for your specific New Jersey surety bond.
Can’t find 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".
|Freight Broker Bond (BMC-84)||FMCSA||N/A||Apply Now|
|Market Agencies/Dealers Bond||Secretary of Agriculture of The State of NJ||Secretary of Agriculture||Apply Now|
|Contractor License (No P&P Language) Bond||City of Jersey City||General Contractor License Bond||Apply Now|
|Contractor License (No P&P Language) Bond||Board of Examiners of Electrical Contractors||Electrical Contractor Bond||Apply Now|
|Contractor License Performance & Payment (Local) Bond||City of Jersey City||General Contractor License Bond||Apply Now|
|Contractor License Performance & Payment (Local) Bond||Hamilton Twsp||Procuring & Installation of a 1,000 Gallon Grease||Apply Now|
|Contractor License Performance & Payment (Local) Bond||Board of Examiners of Master Plumbers||Master Plumber Bond||Apply Now|
|Contractor License Performance & Payment (State) Bond||TOWNSHIP OF BLOOMFIELD||Township of Bloomfield Sidewalk Bond||Apply Now|
|Excess Weight, Other Highway & Street Permit Bond||City of Elizabeth||Maintenance License Bond||Apply Now|
|Collection Agency Bond||Deputy Attorney General||Collection Agency||Apply Now|
|Debt Consolidators Bond||NJDOBI: License Services, Banking||Debt Adjustment||Apply Now|
|Professional Fund Raisers Bond||Division of Consumer Affairs||Professional Fund Raisers Bond||Apply Now|
|Insurance Adjusters Bond||State of NJ Dept. of Banking & Insurance||Public Adjuster||Apply Now|
|Insurance Agents/Brokers Bond||Commissioner of Banking and Insurance||Insurance Broker||Apply Now|
|Mortgage Broker (1st & 2nd Mortgages) Bond||Commissioner of Banking and Insurance||Residential Mortgage Broker||Apply Now|
|Mortgage Lender/Banker (1st & 2nd Mort.) Bond||Dept of Banking and Insurance||Mortgage Lender||Apply Now|
|Auto & Mobile Home Dealers (New & Used) Bond||Division of Motor Vehicles - Dealer Licensing Bure||Motor Vehicle Dealer||Apply Now|
|Auto & Mobile Home Dealers (Used Only, No New) Bond||Division of Motor Vehicles - Dealer Licensing Bure||Used Motor Vehicle Dealer Surety||Apply Now|
|Health Spas/Health Clubs Bond||Division of Consumer Affairs||Health Club||Apply Now|
|Detectives Bond||New Jersey State Police Private Detective Unit||Security Agency License Bond||Apply Now|
|Detectives Bond||New Jersey State Police Private Detective Unit||Detectives Agency License Bond||Apply Now|
|Employment Agencies Bond||New Jersey Division of Consumer Affairs||Temporary Help Service Firm||Apply Now|
|Employment Agencies Bond||Dept of Labor and Workforce Development||Employee Leasing Company||Apply Now|
|Employment Agencies Bond||New Jersey Division of Consumer Affairs||Employment Agency Bond||Apply Now|
|Nursing Homes Bond||NJ Consumer Affairs||Health Care Service Firm||Apply Now|
|Professional Licenses (All Other) Bond||State of New Jersey||(License) Precious Metal||Apply Now|
|Professional Licenses (All Other) Bond||State of New Jersey Office of Weights and Measures||Jewlery Buyer||Apply Now|
|Professional Licenses (All Other) Bond||Division of Consumer Affairs||Fire Alarm, Burglar Alarm & Locksmith Advisory Com||Apply Now|
|Professional Licenses (All Other) Bond||DOT - Office of Outdoor Advertising Services||Sign Installation Bond||Apply Now|
|Professional Licenses (All Other) Bond||State of New Jersey- City of Atlantic City||Commercial Handbill Distributor||Apply Now|
|Professional Licenses (All Other) Bond||New Jersey Treasurer||Energy Consultant Bond||Apply Now|
|Professional Licenses (All Other) Bond||TOWNSHIP OF VOORHEES||Massage Establishment Management Bond||Apply Now|
|Professional Licenses (All Other) Bond||NJ Division of Fish and Wildlife||Division of Fish and Wildlife Public Offical Bond||Apply Now|
|Professional Licenses (All Other) Bond||NJDOBI License Services||Pawnbroker Bond||Apply Now|
|Professional Licenses (All Other) Bond||THE CITY OF ATLANTIC CITY - CITY HALL||Commerical Handbill Distributor Bond||Apply Now|
|Professional Licenses (All Other) Bond||National Coalition of Estheticians, Manufacturers||NCEA Prep Class Bond||Apply Now|
|Schools (All) Bond||Commissioner, NJ Department of Labor and Workforce||School||Apply Now|
|Schools (All) Bond||Department of Labor||Private School||Apply Now|
|Schools (All) Bond||NJ Motor Vehicle Commission||Driving School Bond||Apply Now|
|Schools (All) Bond||NJ Department of Labor and Workforce||School Bond -Workforce Development||Apply Now|
|Schools (All) Bond||County of Middlesex - Dept of Workforce Devp||Tuition Surety||Apply Now|
|Alcohol (Manufacturers, Warehouses, Wholesalers) Bond||NJ Dept of Treasury||Beverage Tax Bond||Apply Now|
|Alcohol (Retailers) Bond||Dept. of Treasury, Beverage Tax Branch||Beverage Tax Bond||Apply Now|
|Cigar/Cigarette & Tobacco Tax Bond||Division of Taxation||Tobacco Performance Bond||Apply Now|
|Fuel Tax (All Others, Sellers & Users) Bond||NJ Division of Taxation||Supplier of Motor Fuels Tax||Apply Now|
|Fuel Tax (All Others, Sellers & Users) Bond||State of New Jersey||Distributor of Motor Fuels Tax Bond||Apply Now|
|Utility Deposit Bond||New Jersey Treasurer||Energy Consultant Bond||Apply Now|
|Utility Deposit Bond||New Jersey Board Of Public Utilities- Audit/Licens||Utility Deposit Bond||Apply Now|
|Wages & Fringe Benefits Bond||International Brotherhood Of Electrical Workers||Wage & Fringe Benefit||Apply Now|
|Wages & Fringe Benefits Bond||International Brotherhood of Electrical Workers||Wages & Fringe Benefits||Apply Now|
|Wages & Fringe Benefits Bond||International Brotherhood Of Electrical Workers Lo||Wages & Fringe Benefits||Apply Now|
|Wages & Fringe Benefits Bond||IBEW LOCAL 164||Wage and Welfare Local Union #164||Apply Now|
|Wages & Fringe Benefits Bond||Pipefitters Local Union 274||Pipefitters Lcoal 274 Wages & Fringe Benefits Bond||Apply Now|
|Wages & Fringe Benefits Bond||Refrigeration & Air Conditioning Service Division||(U.A. - N.J.) Employee Benefit Funds Wage and Bene||Apply Now|
|Fringe Benefits Only Bond||Operating Engineers Local 825||OPERATING ENGINEERS LOCAL 825 FRINGE BENEFIT FUNDS||Apply Now|
|Fringe Benefits Only Bond||Refrigeration and Air Conditioning Service Divisio||Refrigeration & Air Conditioning Service Employee||Apply Now|
|Money Transmitter Bond||NJ Commissioner of Banking||Money Transmitter.Foreign Money Transmitter||Apply Now|
Bad Credit Program
Calculating your bond premium is fairly simple when you qualify for the standard bonding market. But even if your credit score is not perfect, you can still get bonded with Bryant Surety Bonds’ Bad Credit Surety Bond Program.
Bad credit applicants are considered risky because of their financial stats, and they have often a difficult time obtaining the bond they need. That’s why we created this program together with our excellent surety partners.
Getting bonded in New Jersey with bad credit means you are likely to pay a bit more for your New Jersey surety bond - between 5% and 15% of the bond amount. The higher premium is needed to mitigate the risk involved. Still, the bad credit program gives good opportunities to applicants with problematic finances to get the bond they need to stay in business, while not making any compromise with the quality of the bond’s backing.
Types of Surety Bonds in New Jersey
Here at Bryant Surety Bonds, we are licensed to underwrite any type of New Jersey surety bond that you need.
- For businesses that have to get bonded as part of their licensing process, we provide the whole range of license and permit bonds required in the state.
- If you are a contractor in New Jersey, we can also underwrite the exact type of contract bond that you need.
- In case you have to furnish court bonds, we can underwrite those for you too.
For any questions related to the type of bond you need, don’t hesitate to call us at 866.450.3412.
Below you can find detailed information about each type of bonds.
New Jersey License & Permit Bonds
Many businesses are required to post a license and permit bond when applying for their license with a state, local, or city authority. In some cases, the licensing requirements are the same across the country, but usually the conditions differ depending on your industry and the local rules that regulate it.
The purpose of license and permit bonds is to protect the obligee, which is the authority requiring the bond, and the general public. In case you don’t abide by the applicable rules that govern your business, or you engage in harmful or fraudulent activities, the New Jersey surety bond will compensate them for the financial harm.
Some of the most popular New Jersey license bonds include:
Obligee: State of New Jersey Motor Vehicle Commission
Bond amount: $10,000 for new and used motor vehicle dealers
Expiration date: Coinciding with the licensing year
Obligee: Federal Motor Carrier Safety Administration
Bond amount: $75,000
Expiration date: Coinciding with the licensing year
Obligee: Nationwide Mortgage Licensing System
Bond amount: $150,000
New Jersey Contract Bonds
When working on specific construction jobs as a contractor, you will likely be required to obtain specific contract bonds that pertain only to the project at hand. This is usually the case for licensed contractors who want to bid and work on private and public construction projects.
Contract bonds guarantee your faithful performance and abiding to all contractual obligations. They are usually one of these types:
- Bid bonds
- Performance bonds
- Payment bonds
- Maintenance bonds
New Jersey Court Bonds
Less often, you might be required to post a court bond, and Bryant Surety Bonds can help you in this case too.
The most common situations when you’d need court bonds include:
- If you want to bring a case to an appellate court, you’ll likely be required to obtain a supersedeas bond, or appeal bond, which is a type of court bond.
- If you’re appointed as a fiduciary, or guardian of someone’s assets or property, a New Jersey probate court will ask you to supply a fiduciary bond.
How to Get Bonded in New Jersey
Ready to start your bonding process? Make sure to refresh your knowledge with our useful page explaining what is a surety bond.
Getting your New Jersey surety bond is a rather straightforward process. Your first step is to apply online, following the instructions on the page. Make sure to prepare all relevant documents and send them over to us along with your application.
When we have your full application, we will make an assessment and deliver your free, no-obligations bond quote in no time.
The final step is to purchase your New Jersey surety bond, make a copy for future reference, and send over the original form to the authority that requires the bond.
If you have any questions about the application, documents, or bonding process in general, we’d be happy to help you! Just call at 866.450.3412 to speak with one of our bonding experts.
Why Choose Bryant Surety Bonds?
Here at Bryant Surety Bonds, we are committed to providing outstanding bonding rates. Because of our excellent integrity and connections, we are able to underwrite your bond whether you have good credit, bad credit, or no credit at all.
We represent multiple renowned A-rated and T-listed surety bond companies, which gives us access to various markets for all kinds of New Jersey surety bonds. This allows us to offer exclusive rates for our clients, whatever their financial status is.
Liberty Mutual Insurance, Washington International insurance Company and International Fidelity Insurance Company are just a few of our partners. Getting bonded with us means your business is secured by the most trusted surety companies.