surety bond type
License & Permit Surety Bonds
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What are License & Permit Bonds?
License and permit bonds are a sub-category of commercial bonds, which deal specifically with obtaining licensing and permitting to conduct business. A License & Permit Bond can be used for a wide range of industries and business models.
Simply put, license and permit bonds guarantee that businesses who are required to have a specific license to conduct business will follow all laws and regulations.
License and permit bonds are designed to protect the general public, by holding businesses accountable to the government agency that supplies its license or permit. These government agencies uphold the federal, state, and local laws and regulations surrounding the specific industry.
If a business breaks the rules outlined in their licensing or permitting agreement, claims can be filed against the business’s License & Permit Bond.
Here are some of the most common types of License & Permit bonds:
| Surety Bond | Bond Amount | More Information |
|---|---|---|
| Appraisal Management Company Bond For appraisal management companies, this surety bond requires that they operate according to the law. | Varies | More Info |
| Auctioneer Bond For auctioneers, this surety bond may be required by the state prior to being legally licensed. | Varies | More Info |
| Auto Dealer Bond For auto dealers operating anywhere except Ohio and Vermont, this surety bond will be required before being able to sell vehicles to the general public. | Varies | More Info |
| Cannabis Bond For medical marijuana and recreational marijuana dispensaries, cultivators, processors, and retailers, these surety bonds are required by some states as part of the licensing requirements to conduct business in a lawful manner. | Varies | More Info |
| Collection Agency Bond For collection agency owners, this surety bond may be required by the state before the company can be legally licensed to collect outstanding debts. | Varies | More Info |
| Contractor License Bond For construction professionals, this surety bond is required in most states in order to build, repair, or renovate any public or private structure. | Varies | More Info |
| DMEPOS-Medicare Bond For suppliers of durable medical equipment, prosthetics, orthotics, and other related materials, this surety bond is required before the company is able to bill Medicare. | Varies | More Info |
| Energy Broker Bond For energy broker businesses, this surety bond is often required prior to being able to encourage customers to switch energy providers based on competitive rates and other factors. | Varies | More Info |
| Federal Maritime Commission (BMC-48) Bond For ocean transportation intermediaries, this surety bond is required by the Federal Maritime Commission as proof of financial security. | Varies | More Info |
| Freight Broker Bond For freight brokers, this surety bond is often required at a minimum of $75,000 to ensure that the company operates in line with the agreements and regulations outlined by their motor carriers and shippers. | $75,000 | More Info |
| Fishing License Bond For businesses that sell fishing licenses, this surety bond guarantees that the company will adhere to the proper regulations, including the timely payment of taxes and fees. | Varies | More Info |
| Health Club Bond For health clubs, this surety bond guarantees membership fee reimbursement to customers if the company unexpectedly closes or becomes unusable. | Varies | More Info |
| Hunting License Bond For businesses that sell hunting licenses, this surety bond is required by most states before being legally permitted to sell licenses. | Varies | More Info |
| Insurance Broker Bond For insurance brokers, this surety bond is designed by government agencies to protect the general public against predatory sales practices and other unethical behaviors. | Varies | More Info |
| Marijuana-Cannabis Surety Bond For medical marijuana and recreational marijuana dispensaries, cultivators, processors, and retailers, these surety bonds are required by some states as part of the licensing requirements to conduct business in a lawful manner. | Varies | More Info |
| Medicaid Bond For healthcare providers that bill to Medicaid, this surety bond ensures that providers keep accurate records, bill correctly, and handle funds properly. | Varies | More Info |
| MMA Promoter Bond For professional sports promoters specific to an MMA fighter or event, this surety bond is often required prior to being licensed by some states. | Varies | More Info |
| Money Transmitter Bond For money transmitter companies, this surety bond must be purchased before the company can be licensed to provide money transfer services or payment instruments. | Varies | More Info |
| Mortgage Broker Bond For mortgage brokers, lenders, servicers, and originators, this surety bond protects clients and is required by most states. | Varies | More Info |
| Notary Bond For notary public businesses, this surety bond ensures the professional will follow the regulations surrounding notarizing documents. | Varies | More Info |
| Outdoor Advertising Bond For outdoor advertising companies, this surety bond must be purchased in some states before the company is able to install signage. | Varies | More Info |
| Payday Loan Bond For payday loan companies, this surety bond guarantees fair lending practices when issuing loans to the general public. | Varies | More Info |
| Patient Trust Bond For nursing homes and assisted living facilities, this surety bond ensures that the business and its employees will handle patients funds and property appropriately. | Varies | More Info |
| Preneed Funeral Bond For funeral homes, this bond assures that the funeral home is compliant to all applicable laws and regulations and will follow through on all agreements. | Varies | More Info |
| Private School Bond For private schools, this surety bond guarantees reimbursement of tuition and other financial recourses if the school closes. | Varies | More Info |
| PEO Bond For professional employment organizations, this surety bond is designed to reduce fraud and other instances of malpractice within the industry. | Varies | More Info |
| Surplus Lines Broker Bond For surplus lines brokers, this surety bond is often required prior to being able to place coverage with non-admitted insurers in a state. | Varies | More Info |
| Telemarketing Bond For telemarketing companies, this surety bond ensures compliance to non-harassment and other industry regulations and laws. | Varies | More Info |
| Title Agency Bond For title agencies, this surety bond is required before the company is able to get licensed to search real estate records to determine the legal ownership of properties and find any outstanding financial implications that need to be settled before the property can be sold. | Varies | More Info |
| Travel Agency Bond For travel agencies, this surety bond protects clients by ensuring the company will handle their funds properly to purchase elements of the itinerary and other agreed upon costs. | Varies | More Info |
| Used Car Dealer Bond For used car dealers, this surety bond is often required in addition to the auto dealer bond to assure clients that the company is following all laws and regulations related to used car sales. | Varies | More Info |
| Wine Surety Bond For operators of Wine Cellars, Wineries, or Wine Warehouses, this surety bond serves as an assurance that the excise tax imposed by the Internal Revenue Code of 1986 on wines produced and received will be paid on time and in full. | Varies | More Info |
Do you prefer to talk to us instead? Call us and one of our surety experts will help you!
How do you get your surety bond?
Contact us and we’ll email you an application form.
Fill out the application form and email it back to us once completed. You may also be asked to provide the necessary court documents related to the surety bond.
Our underwriting team will evaluate your application.
Each bond has its own unique risk and our team will guide you through the process to get your bond approved.
Pay for the bond premium and we’ll send the bond to you.
Make the payment for your bond and we’ll issue your surety bond to you immediately!
Message from our President
“For over 30 years, I’ve been transacting different types of Surety Bonds.”
From court to construction, to commercial bonds, we offer nearly every type of surety bond available. We provide fast and efficient surety bonds across the nation and we always aim to make our surety bond transactions convenient for our customers. Built on a foundation of integrity, Surety Bond Authority prides itself on stellar customer service and affordable rates.
