Local Compliance Surety Bond
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Local Compliance Bond
In many state, county, and local jurisdictions, a compliance bond may be required to ensure that builders, contractors, and developers are following local and state regulations.
Compliance bonds may be required before obtaining a permit or license to start a project. It creates an additional layer of protection for the entity that requires the bond. Often times there are local or jurisdictional elements (requirements and considerations) that are more stringent than in other areas. Thus, creating a requirement for bonding. As with all surety bonds the purpose of the bond is to protect property owners or the general public and others. Penal amounts vary.
Depending upon credit this bond ranges from 1% to 10%. Some bonds are a flat fee. There are literally 1,000's of these bonds for various jurisictions. If you have any questions do not hesistate to call us and we will provide you a quote. You can also submit a quick quote here: Quick Quote.
Once your bond is placed with us we will notify you between 30-90 days prior to renewal. Some of these bonds may renew and many are issued on a one time basis (no need for renewal).
Now that you've discovered your bond, the process is very simple. You can apply right online here. Once we receive your info we begin shopping your bond. Once placed we eMail you the results. You decide how you'd like your bond shipped and we'll invoice you.