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Surety bonds in Utah

As one of the leading surety bond companies in the US Viking Bond service can help you find an affordable surety bond for your Utah based business. We're here to help with both commercial and contract surety bonds, ensuring your business gets the bond it needs to operate in the state. We've developed an easy quoting process to make the application as quick and easy as possible. You can trust Viking Bond Service for all for surety bonds in UT needs!

How to get a surety bond in Utah

Does your business need to secure a surety bond in Utah? With Viking Bond Service you can get the bond you need when you need it. To start the application process you'll need to submit an application form and the required supporting documentation. This documentation may vary by bond but may include your business financial information, personal financial statement, and your business experience. For commercial bonds the application form can be submitted online, for contract bonds one of our experienced agents will guide you through the process on the phone. Once your application is completed along with a credit check the surety will underwrite and quote the bond premium.

The cost of surety bonds in Utah

Your Utah surety bond premium will be calculated based on the bond type, bond amount, and the supporting information submitted with your application. This information on your past and present financial situation actually plays a major role in determining your bond cost. This info is used to determine the risk level of issuing your business a surety bond. The underwriter needs to calculate how likely it is that the bond will cost the surety money, should they pay claims against your bond that you do not repay. Businesses and individuals with strong financial records will pay a lower premium, as they are perceived to be less likely to cost the surety money. People with poor credit scores will likely have to pay a higher premium but will still be able to secure a bond when using an experienced bond company like Viking.

Common surety bonds in Utah

Viking Bond Service can help your business secure all of the common and the less common surety bonds in Utah. Our team has many years of experience working with all types of surety bonds in UT including:

Commercial bonds that are often known as license and permit bonds. These bonds are often required by state law as part of the licensing process. There are many types of common commercial bonds in Utah, these include: auto dealer bonds and contractor license bonds.

Contract bonds are commonly used in the construction industry. Contractors in Utah often are required to use a contract bond as part of their business activities, these bonds include performance bonds, payment bonds, bid bonds, and maintenance bonds. Contract bonds protect the buyers in a contract as they provide financial backup should the contract terms not be met by the seller/service provider.

Utah Surety Bonds by Viking Bond Service

Viking Bond Service can help your business find an affordable surety bond in Utah. Whether you're looking for a commercial bond or a contract bond we provide quotes for quality bonds in less than a day. Call or use our online application form to get started.