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How to Obtain a Surety Bond

How to Obtain a Surety Bond

Do you need a surety bond? Viking Bond Service can help; we are a leading provider of surety bonds throughout the US. Our friendly and efficient team can help make the process of obtaining a surety bond quick, easy, and understandable.

How to obtain a surety bond: the key parties involved

There are three parties involved in obtaining a surety bond. These are:

  1. The principal, (you) is the person obtaining the bond
  2. The obligee, is the individual or entity that requires the bond
  3. The surety, is the underwriter who issues the bond

How to get a surety bond: the required paperwork

The bond form - The bond form outlines the scope of the bond and identifies all of the parties involved. The bond form is provided by the surety company to show that they are providing a guarantee that the principle will complete the tasks outlined in the bond.

Supporting documentation - As part of your application process you may be required to provide documentation such as financial statements and business resumes. To make this process easier, you’ll be provided with a checklist of required documentation as part of the application process.

Bonds under $25,000

The application process for obtaining bonds under $25,000 is relatively simple if the principle has good credit. The applicant will submit an application to a bond company that outlines the requirements of the bond. The bonding company will run checks on the principle, which includes a credit check to evaluate the applicants credit history. The bonding company will then provide a quote for the cost of the bond. Bonds are generally valid for a 1-year period, at which point they will need to be renewed.

Bonds over $25,000

At times, larger bonds required a more in-depth application process. It’s likely that the applicant will need to provide additional supporting paperwork about their business (the required information will be provided in a checklist for the applicant). However, the application process itself is the same and still quick and easy with Viking Bond Service. Our team can offer great advice on how to obtain a surety bond for over $25,000.

How to obtain a surety bond from Viking Bond Service

Viking Bond Service provides many types of surety bonds including both contract and commercial bonds. We offer three ways to start your surety bond application process—via our contact form, on the phone, or through our online application process. These bonds can often be issued instantly upon receipt of the signed application and bond fee.

Request a surety bond quote from Viking Bond Service, today

Viking Bond Service is made up of experienced and knowledgeable bond specialists who are here to help you find an affordable surety bond. For advice on how to obtain a surety bond please call 1-888-278-7389, or email our team. You can also start you application now using our online application form.

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Call Us: (888-278-7389)