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Surety bonds in Oregon

Oregon State Capital - Surety bond Oregon OR

As a surety bond company with many years of experience, Viking Bond Service knows how to get you the surety bond you need, when you need it. We understand that finding an affordable bond is vital a step in helping your business stay compliant with all state regulations, that’s why we make it our priority to help you find the best surety bond for your needs. We’re experienced at helping Oregon based businesses secure both commercial and contract bonds. Use our quick and easy application form to get started.

How to get a surety bond in Oregon

Securing a surety bond in Oregon is a fast and simple process when you work with an experienced bonding company. All bonds require a completed application form and a credit check before the bond can be underwritten. Viking Bond service has a simple application process that can be completed online for all commercial bonds including license and permit bonds. If your business needs a contract bond you’ll need to complete a slightly more in depth application—our agents will be happy to guide you through the process over the phone. The application may also require supporting documentation providing necessary information about your business financials and your business experience.

The cost of surety bonds in Oregon

There are a number of factors that will help determine your premium for the required surety bond. The main factors include the bond amount, the bond type, and the business’ financial situation. A lot of people are surprised to learn that their personal credit score is also a key factor in calculating a bond premium. When a bond company issues a bond they need to know what risk level that bond poses. If the bond company believes it’s likely that your bond will be claimed against or you will be unable to repay any claims made against the bond you will be charged a higher premium to cover the increased risk. If you have a strong credit history and good business experience you will be considered a lower risk and charged a lower premium. Viking Bond can help people of all credit scores secure the bond they need.

Common surety bonds in Oregon

Our team consists of experienced bonding experts who have experience securing all types of surety bonds in OR. For help finding the right commercial or contract bond, contact Viking today.

There are many types of commercial bonds used in Oregon. These types of bonds are often required as part of the state business licensing process, because of this they can also be known as license or permit bonds. Some of the most common license bonds include auto dealer bonds and contractor license bonds.

Contract bonds are common in the Oregon construction industry where they are used as a form of financial guarantee for contracts. If the buyer of a service or bond fails to receive the contracted goods or work the bond will reimburse their financial costs. There are three main types of contract bonds; bid bonds, payment bonds, and performance bonds.

Oregon Surety Bonds by Viking Bond Service

Viking Bond Service has been helping business owners secure affordable surety bonds in OR for many years. Our friendly and efficient service can secure the bond you need in just a few days. Call our agents or use our online application form to get a quote today!

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