Texas Surety Bonds

Your Texas surety bond cost is highly dependent on the type of bond you are required to obtain. Some bonds have the same bond amount nationwide, while the cost of others is determined for each individual case, in accordance with the regulations in the state of Texas, pertaining to this particular type of surety bond.

Do not forget that the total bond amount is not equivalent to your bond’s cost. Your bond’s cost is a fraction of the total amount. This fraction or percentage is called a premium.

What matters most in determining your surety bond cost or premium is your personal credit score. Other important cost determining factors are your personal and business financials, whether you have cash on hand and even your industry experience.

Applicants with good credit score are typically offered a premium at standard market rates which is between 1%-4% of the bond’s total amount.

Applicants with less than perfect credit can also apply for most surety bonds in Texas. Such applicants are usually offered a slightly higher premium due to the higher risk involved with bonding them. Premium rates under our Bad Credit Surety Bonds program are between 5%-15% of the total amount.

Regardless of the rate you are receiving, all our Texas surety bonds are provided by some of the best surety bond companies in the industry.

Obtaining your surety bond with us is 100% secure, yet really simple and straightforward.

Once you know what kind of bond you need, simply apply online. You will then receive your Texas bond quote and will be prompted to submit additional documentation about your business before your bond is issued.

If you have any additional questions, call us at (877)-514-5146 straight away. We will be happy to answer all your questions and provide further guidance and instructions if you need any.

The three common situations in which you are likely to need a surety bond in Texas correspond to the main types of bonds.

License bonds are required by businesses and individuals who want to obtain a license and operate legally in the state. Some professionals who need them include mortgage brokers, car dealers, and telemarketers, among others. License bonds guarantee that bonded parties will comply with applicable regulations.

If you are a contractor bidding on private or public projects in Texas, you are likely to need contract bonds. You will usually be asked to obtain a contract bond when you enter a bid or begin work on a construction project. This type of bonds ensure contractors will complete the work in accordance with the project agreement.

Last but not least, you may be asked to provide court bonds in certain cases. These include appealing a court case to a higher instance, as well as being assigned the role of an official fiduciary.