Oregon Surety Bonds

Oregon Surety Bonds Overview

Bryant Surety Bonds is licensed to write all types of bonds in the state of Oregon. We write bonds for clients with all types of credit - good, bad, and nonexistent.

We work with and represent a number of the best sureties in the whole country. This is guaranteed by their status as A-rated and T-listed surety bond companies. Through our partnership with them we have access to exclusive rates on all types of Oregon surety bonds.

Under our bad credit program, applicants who have been turned down before due to bad credit or no credit can almost always get bonded and at good rates!

You can proceed directly to your application if you want, by finding the Oregon surety bond that you need in the table below. Simply click on the ‘Apply’ button and let’s get started! If you’re new to surety bonds, you may want to browse through the sections below and read more about the various types of surety bonds, how much they cost and how you can get yours.

Types of Surety Bonds in Oregon

There are a number of different bonds depending on your needs. Oregon license and permit bonds are often obtained by businesses so that they may get licensed in the state of Oregon. Oregon contract bonds, sometimes also called Oregon construction bonds, are those that contractors in the state of Oregon need in order to work on projects. And court bonds are required by certain courts in Oregon.

Read on below to find out more!

Oregon License & Permit Bonds

Every state requires some or many of its businesses to obtain certain bonds before they get their license issued or renewed. These bonds are known as license and permit bonds and numerous businesses in Oregon need to get these. These bonds guarantee that the bonded principal will comply with the regulations for their license.

A number of Oregon license and permit bonds have amounts which are determined strictly in the state of Oregon while others are fixed on the federal level.

Some of the most popular Oregon license and permit bonds that we receive applications for are the Oregon auto dealer bond, the Oregon mortgage broker bond, as well as Freight broker bonds. We also underwrite all other types of Oregon license and permit bonds.

The amount of the Oregon auto dealer bond is $40,000, while the mortgage broker bond is $25,000, and freight broker bonds have an amount of $75,000 in all states. These amounts are not the cost of your Oregon surety bond, though! Bond amount and cost are two different things. Check out the section about cost below to find out more.

Oregon Contract Bonds

Oregon contract bonds, sometimes also referred to as Oregon construction bonds, are surety bonds which Oregon contractors must obtain when they want to work on a project. These bonds are almost always necessary when contractors work on a state or federal project, and private project owners will typically ask contractors to get bonded, too.

Before contractors can work on a project, they also need to get licensed and bonded with the relevant Oregon license and permit bond. We’re able to underwrite all types of Oregon construction bonds! See below how you can apply.

Oregon Court Bonds

Oregon court bonds are bonds which may sometimes be requested by Oregon courts. For example, in order to appeal a judgement in the state of Oregon, you may be asked to obtain the relevant supersedeas or appeal bond. And in order to become a fiduciary in the state of Oregon, you may be asked to obtain a fiduciary bond.

If all of this is still new to you and you would like to speak to someone, you can always reach us at (866) 450-3412! We are available to speak to you, and can respond to all of your questions. We can help you determine what kind of bond you need as well as get you bonded! We will be happy to help you!

Surety Bond Cost in Oregon

How much you will have to pay to get your Oregon surety bond depends on the type of bond you are applying for and its amount.

The amount of your Oregon surety bond, such as the mortgage broker bond’s amount of $25,000, is the coverage that it provides to the obligees. In other words, if there is a claim against this bond, this is the maximum amount of compensation it can provide to obligees. The cost of your Oregon surety bond is based on this amount and constitutes a fraction of the whole sum.

What fraction or percentage of the whole sum you will have to pay depends on your financial standing and mostly on your personal credit score. Personal credit is usually taken by sureties as the most important factor when determining your premium. Applicants who have high or stellar credit are usually offered the lowest rates. There are also other things that can influence your rates. These are:

• Personal and/or business financial statements

• An applicant’s industry experience

• How long a business has existed

• Further financial and business factors

Applicants with a high credit score are usually offered a rate 1%-4% of the total amount of their Oregon surety bond, though these percentages differ between the different types of bonds. These rates are called standard market rates.

But it is also possible for those with bad or poor credit to get bonded. Though they may get turned down by other companies, Bryant Surety Bonds has developed a Bad Credit Surety Bond Program which makes it possible for applicants with less-than-perfect credit to get a bond as well! Rates on bonds under our bad credit program are, out of necessity, slightly higher - between 5%-15% of the total bond amount.

Yet by applying with us, you have an almost 100% chance of obtaining your Oregon surety bond, despite any difficulties you may be having with your credit score. And all bonds which we underwrite are backed by the same expert companies that we work with.

If you’re curious to know how much approximately your bond may cost, try out our surety bond calculator on the right. You can also get a free and precise quote on your surety bond by following the application link and submitting your application.

If, before you proceed with your application, you would like to know more about bond cost and how exactly rates are determined, our Surety Bond Cost page can provide you with all the relevant information. Have a look!

How to Get Bonded in Oregon

To get your Oregon surety bond you simply need to apply, which takes just a few minutes.

If you need to get an Oregon license and permit bond, apply online here. Applying is very straightforward and highly secure. You will be asked to provide a number of details and that’s all. Most license and permit bond applications are processed very fast, so you can expect us to come back with your free quote very soon.

To apply for an Oregon contract surety bond, you will need to submit one out of two possible applications. For a contract bond which is under $250,000 please apply through the Fast Track Program. For a contract bond which is over $250,000, please proceed with our Full Bond Line Project application because bonds with such amounts and higher need to go through a different type of application process.

All you need to do is download the appropriate online form and send it to us once you’ve filled it in. We will then review your application and come back with your personal free quote for your Oregon contract bond.

If you experience trouble with your application or have any questions you would like to ask us, our surety bond experts are available to you at (866)-450-3412. We have extensive experience with underwriting surety bonds in Oregon and will certainly be able to help you. Call us anytime, we will be happy to assist you!

Our ‘what is a surety bond’ page is another great resource for you to check out if you’d like to learn even more about surety bonds, how they work and why businesses need to get bonded.

Oregon Surety Bond Companies

Companies such as Swiss Reinsurance American Corporation, International Fidelity Insurance Company, Philadelphia Indemnity Insurance Company and many others are the companies that we work with and represent. These are some of the most reliable and stable sureties in the country and all of them are A-rated and T-listed!

You Oregon surety bond will be backed by one of these sureties. By obtaining it through us you will be getting the best possible offer on your bond, backed by the best possible companies in the country!