What Does a Surety Bond Cost?
Channel: Bryant Surety Bonds, Inc.
Date: 2017-09-05

Source: https://bit.ly/3JnVuqe 

Transcript:
What Does a Surety Bond Cost?

Bob has been told that he needs a surety bond for his business. Unfamiliar with bonds (https://bit.ly/3BB4GWt) and on a tight budget he wonders how are premiums determined.

- What are the underwriters really looking for? And what is this going to cost me?

Bob's premium is first going to be determined by his personal credit. Several programs would approve Bob based solely on his personal credit.
- Secondly, the bond form and the language it contains.
- Third, how long Bob has been in business.
- Fourth, his work history.
- And fifth, Bob's personal and business financials.

Premiums are quoted on an annual basis. Bob's annual premium is going to be a percentage of the bond's amount. This percentage or rate is determined through the underwriting process (https://bit.ly/3Bv02cG). 

So what does a surety bond cost?
As you can see, it's a difficult question to answer as there are several factors considered during the underwriting process.

The best way to help plan your budget is to submit an application to get a FREE, no obligation, firm quote: https://bit.ly/3QccrGn  

Once I'm assigned a rate, what happens next?
Check out the additional resources below to learn more about the application and issuance of your bond. 

Additional resources:
1. Get a FREE quote: https://bit.ly/3QccrGn
2. Surety Bond Rates: https://bit.ly/3Bv02cG
3. Free Surety Bond Cost Calculator: https://bit.ly/3Sms7c0
4. What Is a Surety Bond: https://bit.ly/3BB4GWt
5. Surety Bond FAQ - Surety Bond Application Process and Online Approvals: https://bit.ly/3Q4eUCS
6. How to Get Bonded: https://bit.ly/3QfbM76
Getting Bonded and Insured: https://bit.ly/3JpEhNk
7. Bad Credit Surety Bond Program: https://bit.ly/3QguwmX
Surety Bond Companies: https://bit.ly/3BBfQdK
8. How much does a $1 million dollar surety bond cost?: https://bit.ly/3Sh5Yfg
9. How much does a $75,000 surety bond cost?: https://bit.ly/3oToTPC
10. How much does a $50,000 surety bond cost?: https://bit.ly/3BB77sm
11. How much does a $35,000 surety bond cost?: https://bit.ly/3ztMQSA
12. How much does a $30,000 surety bond cost?: https://bit.ly/3d2t9de
13. How much does a $25,000 surety bond cost?: https://bit.ly/3oTpscc
14. How much does a $10,000 surety bond cost?: https://bit.ly/3PSpflK
15. How Much Does a $5,000 Surety Bond Cost?: https://bit.ly/3SmthUU