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A Quick and Easy Way to buy a Surety Bond:

Surety Bond Insurance

Secure your surety bond instantly Today with our easy online process, offering immediate approvals on most surety bonds and instant PDF downloads. Our top-rated service provides online free quotes, free surety bond consultation and comprehensive coverage in Florida, Georgia, Louisiana, Mississippi, South Carolina, and Tennessee. Ensure your business and deals are protected with a legally binding surety bond, safeguarding all parties’ financial obligations efficiently.

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Surety Insurance Company

Suppose you are searching for a trustworthy surety insurance company. In that case, your search ends with Surety Bonds Co. We specialize in surety bonding in Florida, Georgia, Louisiana, Mississippi, South Carolina, and Tennessee as a surety bond company near me. We simplify the process of buying bonds with instant online free quote quotes, so no more long underwriting decisions.

Surety bond insurance for commercial surety bonds, contract surety bonds, notary bond, motor vehicle bond, injunction bond, Contractor License Bond,  Construction Bonds, Construction projects,  construction contract surety bond, insurance brokers surety bond, probate bonds, small business bonds, Bid Bonds, or Maintenance Bond,  or payment bonds.

So, no matter the state, we a surety bonds companies near me offering surety bonds in Florida, Georgia Surety Bond, South Carolina Surety Bonds companies, Surety Bond Tennessee, Surety Bond Mississippi, and Bonds in Louisiana, we will get you bonded.

Surety Bond Definition

What are Surety Bonds? A Surety agreement is a three party agreement that is a legally binding contract between the bonded principal, Obligee, and typically an insurance company (the surety company). Government regulations and agencies often require organizations to issue licenses or permits.  Suret Bonds protect and ensures ethical business practices, public safety, complete projects, guarantee payment or to guarantee performance and comply with regulations.

What is a Bonded Person or Business?

What is Surety Bonding? A bonded business has purchased a surety. Surety Bonding is a contract between three parties: the principal (the business), the obligee (the party who requires the bond (usually government entities)), and the surety company (the insurance company that backs the bond). The surety bond provides guarantees the principal will fulfill its obligations to the obligee.

For example, a contractor may be required to be bonded to bid on federal government contracts. This surety bond type guarantees that the contractor will complete the construction project on time and within budget. If the project owner contractor fails to fulfill its obligations, the surety bonding company will pay the obligee’s contract value losses.

In the context of a person, a bonded person is someone with whom a surety company has bonded. This means the surety company has agreed to pay a certain amount if the person defaults on their financial obligations.

For example, a bonded person may be required to post a bond to get a job or to obtain a loan.

Online Bond Requirements

Purchasing the surety depends on the surety type of bond required and the jurisdiction that requires it. However, some general requirements may apply to all bonds:

  • Good credit history of the applicant with financial responsibility (usually the business owner)
  • A willingness to comply with the bonded terms and conditions of the bonding in case of financial loss
  • A license or permit from the state or local government (if applicable)
  • A certain level of experience in the industry

The surety underwriters assess applicants’ qualifications and financial information. This helps them determine if the applicant qualifies for payment under the bond contract during the underwriting process.

Bonded surety bond quotes

Fast and Affordable Surety Bond Services

Free Surety Bond Quotes Online

We provide clients with many benefits when they get quotes for license and permit bonds and contracts.

  • Instant Free Quotes: We provide instant quotes for all bonds  allowing customers to obtain a bond amount quote instantly.

  • Competitive Rates: Offers competitive rates and various coverage options.

  • Custom Solutions: Our team understands that each customer’s needs differ and offers customized bonded solutions accordingly.

  • Experienced Team:  With years of experience in the industry, our team of licensed insurance underwriters is knowledgeable. They can provide guidance and support throughout the bond issuance and licensing requirements process.

  • Note: Poor credit could result in increased premiums.

New Surety Insurance or Surety Renewals

Type of Bond Insurance

A surety or contract bond is a financial guarantee to protect a third party’s interests. Government agencies, businesses, and organizations often require contract bonds and guarantee bonds as a guarantee for conducting business.

The cost of a bond varies depending on its type, amount, bond requirements and the risk factors associated with the issuer. 

Below is a table outlining the different types of performance bonds used. It describes other types of performance bonds and examples of their use.

Type of BondDescriptionExample
Bid BondsGovernment agencies and organizations require a bid bond to guarantee that the contractor will fulfill the project. If they fail, the surety company will compensate the requesting party for any losses.A contractor posts a bond of $100,000 to bid on a government construction project.
PerformanceContractors often need to provide a performance bond to ensure they complete the project as agreed. If they fail to do so, a surety company will compensate the requesting party for any losses.A contractor must post a performance bond of $500,000 to build a new school for a school district.
PaymentPayment bonds ensure that contractors pay their suppliers and subcontractors. The surety company will cover payments if the contractor defaults.A contractor must post a payment bond of $250,000 to build a new hospital for a hospital district.
FidelityFidelity bonds protect businesses from employee theft or fraud by compensating for losses incurred. If an employee steals from a business, the surety company pays for the losses.A business purchases a $100,000 fidelity bond for its employees who handle cash. 
CourtCourt bonds ensure that parties show up in court. If not, surety companies compensate for losses.A defendant in a civil lawsuit posts a bond of $50,000 to ensure that they will appear for the trial.
Surety Bond Insurance

Furthermore, people use several miscellaneous bonds for various purposes. Some examples of common types of miscellaneous bonds include:

  • Bail bonds are court bonds issued by bail bondsmen to obtain bail in lieu of a cash bond for release from jail for an individual.
  • Certain government activities require a license and permit bond. They are a requirement to obtain a license to operate a business or engage in a specific activity.

Surety Bond Costs and Factors Affecting Prices

Various factors determine the contract price of the cost of bonds.

Below is a table highlighting the most significant factors affecting bond prices:

FactorsDefinitionImpact on Price
CreditA measure of creditworthinessHigh
IndustryThe level of risk associated with a particular industryHigh
AmountThe total amount of the bondModerate
TypeThe type of contract being bondedModerate
DurationThe length of time the bond will be in effectLow
LocationThe state in which the bond will be issuedLow

It is essential to note that some factors may carry more weight in contractor insured bonds than others.

A contractor with a low credit score will pay a higher suret bond premium than one with a high credit score. Industries with higher risk will also have higher bond costs. Unique business details can also impact bond prices. A company with legal problems will pay more for a bond than a company with no legal issues.

Save Time and Money When you Buy Surety Bond Online

Instant Issue Bonds

Instant-issue commercial surety bonds have special advantages.  With an instant-issue commercial surety bond, customers can immediately download and print their signed and sealed bond. In most states, this eliminates the requirement for additional contracts and paperwork from the surety bond producer, and the surety bond protects immediately.

As a result, these sureties provide a more convenient risk transfer mechanism than traditional bonding methods. This makes it more convenient than traditional bonding methods.

The surety allow you to get a surety bond online in Florida, Georgia, Louisiana, Mississippi, and South Carolina. Customers can gain approval to bond instantly without needing to search for bond forms or perform a credit check. The application and payment process is user-friendly and guarantees an accurate bond.

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A Surety Bond Company You Can Trust!

Trust Palmetto Surety Corp. for dependable bonding services; our experienced team has offered excellent service and support for over 20 years. 

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Key Takeaways:

  • Surety bonds are legally binding agreements among three parties: the principal, the obligee, and the surety.
  • Project owners commonly use a Surety in the construction industry to provide financial protection.
  • Different types of surety bonds are available, including bid, performance, construction, license, permit, court, fidelity, probate, contract, and miscellaneous bonds.
  • Government agencies and businesses often require bonds to minimize financial risk and ensure consumer protection.
  • The obligee may require the surety to pay if the principal fails to fulfill their duties. Afterward, the surety can request the principal to reimburse them.
  • At SuretyBonds.co, you can purchase a surety bond online quickly, affordably, and conveniently. You’ll receive instant approval and be able to download your surety bonds right away.
Unshackle Me Bail B.
Unshackle Me Bail B.
David H.
David H.
great company
Carman R.
Carman R.
Palmetto Surety By Far Is The Best Insurance Company In The Industry For All Bail Bond Agents That Keep A High Standard.
Mildred “Battle Bonding” B.
Mildred “Battle Bonding” B.
Allison P.
Allison P.
Gershom F.
Gershom F.
Joe B.
Joe B.
Bryant Bail B.
Bryant Bail B.
they provide great service to their agents, proud to be apart of their team.
Chelita Bail Bonds & Notary S.
Chelita Bail Bonds & Notary S.
Rhonda S.
Rhonda S.
Wyatt H.
Wyatt H.
love this company period!
Charles M.
Charles M.
A wonderful company that puts its agents first!
dritan M.
dritan M.
910CountryLife
910CountryLife
Awesome staff, and very understanding. excellent agent support.
The Better B.
The Better B.
Very supportive, I have and would recommend this surety to anyone.
Nancy S.
Nancy S.
When I call in I always get excellent care from whomever I talk to.
Liberty Bail B.
Liberty Bail B.
New year new start . LETS DO THIS!!
Jessy M.
Jessy M.
Yukisha Zellars (.
Yukisha Zellars (.
Made the dropBut the return outstanding PALMETTO
Crystal B.
Crystal B.
Great, friendly people, wonderful services!
Tasha T.
Tasha T.
Amy A.
Amy A.
Elicia D W.
Elicia D W.
They are so efficient!
Paul E.
Paul E.
ALL I WANT IS OUT BAIL BONDS V.
ALL I WANT IS OUT BAIL BONDS V.
Maury W.
Maury W.
Can not wait to bring in the NEW YEAR !!!
Mara H.
Mara H.
Sol H.
Sol H.
Talon Ridge H.
Talon Ridge H.
BEST SURETY COMPANY I HAVE EVER WORKED WITH. ALL STAFF ARE PROFESSIONAL AND KNOWLEDGEABLE.
Tameisha T.
Tameisha T.
A Sabrina's Bail B.
A Sabrina's Bail B.
I haven’t been with Palmetto Surety for very long but they are fast at responding & are always very helpful in any situation. I needed assistance over a weekend & they still answered their phones & made it happen for me. Solid company & a solid team, I’m happy to be part of this Palmetto family💪🏻💛.A Sabrina’s Bail BondsClearwater, FL
Felicia W.
Felicia W.
Drew T.
Drew T.
828 Bail Bonds A.
828 Bail Bonds A.
Palmetto Surety Corporation deserves a solid 5-star review for their outstanding service. They have played a pivotal role in helping countless agents and agencies here in North Carolina start, grow, and sustain their businesses. Scott, Donnie, Shanelle, and the entire team are truly top-notch.What truly distinguishes them is their unwavering professionalism and a track record of supporting local agents and agencies. Palmetto Surety Corporation goes above and beyond to provide a level of service that sets the industry standard.Palmetto Surety Corporation is the go-to choice for anyone seeking a reliable surety in North Carolina. Thank you, Palmetto Surety Corporation, for your invaluable assistance!
Rodney T.
Rodney T.
First time using the website and the staff is awesome in answering questions and walking you through anything
Luke A.
Luke A.
Cherie R.
Cherie R.
The only smart choice..the only choice really. They have never let me down and I am proud to call myself a Palmetto agent.
Kristain K.
Kristain K.
They went out of their way to help us with an issue when they didn’t have to. They treat my family with respect and provided information that helped us understand what is going to happen moving forward.
Freddie Dixon Bail B.
Freddie Dixon Bail B.
Been with this awesome company 6 years. Super easy to work with, very understanding and work hard to get my transfers done!
jeff B.
jeff B.
922.50Best Surety ever. Helpful people, great business sense!
Chichi B.
Chichi B.
GREAT COMPANY AND EASY TO DEAL WITH.
Jay A.
Jay A.
Joanne M.
Joanne M.
#1-24-7 UNLIMITED BAIL B.
#1-24-7 UNLIMITED BAIL B.
EXCELLENT SERVICE AND AGENT COMMUNICATION..
JED B.
JED B.
Streak P.
Streak P.
Quick and fast
Luis H.
Luis H.
RODNEY R.
RODNEY R.
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