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Surety Bonds in Iowa

Surety Bond - Iowa State Capital Building Des Moines, IA

Viking Bond Service has been helping businesses in Iowa secure affordable surety bonds for many years. Our experienced bond agents understand that finding the right bond is an essential step in starting up and maintaining regulatory compliance for many Iowa businesses. That’s why we’ve developed one of the premier bonding services in the US. We’ve created a quick and easy application process that can help you get the right bond in just a few days. Whether you’re looking for a commercial bond or a contract surety bond in IA, our knowledgeable team is here to guide you to the best bond for your needs.

How to Get a Surety Bond in Iowa

Getting a surety bond in Iowa will be a simple process when you choose to work with an experienced bonding company like Viking Bond Service. As a leading bonding company we know how to find the right bond at the right price. A bond requests typically requires a completed application form, credit check and in some cases additional documentation such as business financials. Commercial bond applications can be completed using our online form, via email, or over the phone. For contract bond requests, one of our experienced contract bond agents will guide you through the process starting with the correct application for your specific bond request. Once the completed application has been approved and the bond premium paid if full, the bond will be issued.

The Cost of Iowa Surety Bonds

The surety bond underwriter will calculate your bond cost using the information provided in your application. Underwriters use many factors to determine price but put focus on three things: the bond amount, the bond type, and your credit history. The surety needs to calculate the risk of issuing your bond. To do this they look at your credit history to examine how well you manage money. People with a high credit score should expect to pay a lower premium than people with a low credit score. Viking Bond Service helps all businesses, no matter their credit history, secure bonds with the best terms available.

Common Iowa Surety Bonds

Surety bonds in Iowa are split into two types: contract bonds and commercial bonds. The knowledgeable agents at Viking Bond Service can help your business find the correct bond, whatever the bond type.

Commercial bonds are well known by other names, including permit bonds and license bonds. This is because these types of bonds are often a required step in securing a license to operate certain businesses in the state. Auto dealer bonds, and contractor license bonds are common bond types issued in Iowa.

If you’ve ever worked in the construction industry, you’ll probably have come across contract bonds. These bonds provide surety bond protection for contracts. Surety bonds protect the business that requires the bond from losing money if the contract terms are not met. Four types of contract bonds are available: bid bonds, performance bonds, payment bonds, and maintenance bonds.

Contact Viking Bond Service Inc., for Surety Bonds in IA

Viking Bond is here to help you find the right surety bond in Iowa. Call, email or use our online application form to get a bond quote within 24 hours!

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