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Surety Bonds in Texas

Surety Bonds in Texas

Viking Bond Service is here to help your business acquire an affordable surety bond in Texas. Our team boasts many years of experience helping businesses get the surety bond they need when they need it, making us one of the premier bonding companies in the area. Surety bonds in Texas are often required by state regulations and we offer bonding services for many of the state required surety bonds including commercial and contract bonds.

How to get a surety bond in Texas

To obtain a surety bond in Texas you’ll need to apply for the required bond through a bonding company like Viking Bond Service. The application process can vary by bond type but the first step is to complete an application. Most commercial license and permit bonds can be applied for using our simple online surety bond application. Contract performance bonds however require a more detailed application that one of our agents will provide. You’ll also need to submit supporting documentation with your application so that the bonding company can underwrite and quote the bond request. Viking Bond Service aims to provide applicants with a quote the same day the application is received.

The cost of Texas surety bonds

The cost of surety bonds in Texas is determined by many factors including the type of bond, the bond amount, and the applicants credit history. The supporting documentation submitted with your application, which often includes, experience, your credit score, and business financials will be used to help the surety identify the risk level of your bond. This means they’ll calculate the likelihood of your bond being claimed against. Individuals and businesses with strong credit and financial history will pay a lower premium for bonds than people with weaker credit. Viking Bond Service specializes in helping all Texas business owners, even those with poor credit, acquire an affordable bond.

Common Texas surety bonds

There are many types of bonds in the state of Texas. Viking Bond Service specializes in all of these. They are categorized in several types, the two main types being contract, and commercial bonds.

Commercial bonds are also known as license and permit bonds. They are often needed as part of the licensing process and are required by state regulations. Common license bonds include liquor bonds and auto dealer bonds.

Contract bonds guarantee that contracts are fulfilled and are frequently used in the construction industry. Common contract surety bonds in Texas include bid bonds, performance bonds, and maintenance bonds. They provide financial protection for the parties involved in a contract and can work as a guarantee that work will be paid for and completed to specifications.

Texas surety bonds by Viking Bond Service

Whether you’re looking for contract or commercial surety bond, the Viking Bond Service team is here to help with all of your Texas surety bond needs. Request a quote today via email, on the phone, or by using our online application form to receive a quote. Choose Viking Bond Service for your surety bond in Texas needs!

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