License and Permit Bonds

A sub-category of commercial bonds, License and Permit Bonds are required to obtain a license or permit in many cities, counties, states or other political subdivisions. This bond type essentially guarantees the principal will follow the terms, rules and regulations of the respective license they decide to file a bond for. Some types of License and Permit Bonds include, but are not limited to “Auto Dealer Bonds”, “Contractor License Bonds”, “Insurance Broker Bonds”, “Mortgage Lender Bonds", and “Mortgage Broker Bonds.”

The Current Market: As you can see, there are many different commercial bonds that fall under the License & Permit Bond sub-category. Therefore, just about everything pertaining to a specific bond in this sub-category, such as bond language, bond amounts, and rates may vary greatly from bond to bond.

As always, each individual applicants credit, or level of risk, will also significantly impact specific rates applied to a bond. If you have poor credit, or have an up and coming business with no credit, you may want to consider one of our Bad Credit Surety Bond Programs.