Surety Bonds

Public Officials

Individual surety bonds have been required since 1792 to protect against losses caused when public officials do not faithfully perform their official duties. These bonds are intended to protect the public and compensate those suffering loss or injury by reason of misconduct or neglect in office.1 These bonds do more than cover losses. They also encourage officials to perform the duties of office by holding them personally liable, giving them “skin in the game”, for any claims that are made against the bond. Surety companies will require the public official to pay the difference between the price of the bond and the amount of the claim. The amount of the bond depends on the office and in some cases the amount of money handled by the office

  • Assessor of Property
  • Chancery Court/Clerk & Master
  • Circuit/Criminal/Special/General Sessions Clerk
  • Commissioner/Receiver
  • Constable
  • Coroner
  • County Clerk
  • County Engineer
  • County Executive/Mayor
  • County Road Commission
  • County Highway/Bridge Funds
  • County Highway Superintendent
  • Development District
  • Director of Accounts & Budgets (1981 Act)
  • E911 District
  • Human Resources Agency
  • LEA/Fiscal Agent
  • Notary Public
  • Process Server
  • Purchasing Agent
  • Register of Deeds
  • Sheriff
  • Special Deputy
  • Director of Schools
  • Surveyor
  • Trustee
  • City Manager (and employees dealing with funds)
  • All city officers/employees dealing with funds (Modified City Manager Council Charter)
  • Elected Board of Directors
  • Superintendents
  • Treasure
  • Teachers/Staff/Principle (under school district blanket bond)
  • State Board of Education elected officials and appointed officials
  • School District Board of Education
  • School District Treasurer
  • All State Elected Officials (voted on by the public)
  • State Treasurer
  • All County Elected Officials (voted on by the public)

License and Permit Bonds

Many professionals need to purchase a license and permit bond when they apply for a license, and requirements can vary depending on state regulations. These bonds can apply to such professions as:

  • Auto Dealers
  • Contractor5s
  • Electricians Clerk
  • Insurance Brokers
  • Liquor Dealers
  • Mortgage Brookers
  • Plumbers
  • Travel Agents

Commercial bonds

Usually, the businesses that choose surety activate in fields where this type of guarantee between parties is a necessity. For instance, contractors, retailers, auto dealerships, travel agencies or real estate agents can make good use of a surety bond. The process for application include just a few steps. Business owners can be required to get surety bonds by a government agency or a private entity. 

  • Non-contract bonds (federal government)
  • Motor Vehicle Dealer Bonds
  • Mortgage Broker Bonds
  • Lost Title/Lost instrument Bonds
  • Probate Bonds
  • Residential Small
  • Residential Medium
  • Residential Large
  • Commercial Small
  • Commercial Large
  • Banks 
  • Hospitals
  • Alcohol Tax Bond
  • Business Service Bond
  • Employee Theft Bond
  • Janitorial Service Bond
  • License and Permit Bond
  • Lottery Bond
  • Sales Tax Bond
  • Wage & Welfare Bond
  • Collection Agency Bond
  • Insurance Broker Bond
  • Freight Brooker Bond
  • Money Transmitter
  • Health Club/Gym/Spa Bond
  • Motor Vehicle Dealer Bond
  • Telemarketing/ Solicitation/ Fundraiser
  • Union Wage & Welfare Bond

Other Types of Surety Bonds

Required for most grain elevator operators. This bond guarantees that the elevator complies with the rules and regulations set forth by state and federal agencies regarding grain storage

Required for people licensed with the Department of Agriculture who buy and resell agricultural products. Dealer bonds include grain dealer bonds, hay dealer bonds, livestock dealer bonds, milk dealer bonds and produce dealer bonds.

Required for fuel sellers, such as convenience stores, to guarantee payment of all required taxes, penalties and any interest owed.

Make a guarantee to owners of construction projects (the obligee) that the contractor (the principal) will meet the obligations of the project. If the contractor fails to deliver the project specifications or engages in harmful business practices, the surety company will find another contractor to complete the project or reimburse the project owner. These are the main types of Contract Surety Bonds:

Guarantees the contractor will honor the terms of a bid for a construction project after winning the bid. This protects against instances in which construction companies submits low ball bids and then change the terms of the contract after they are chosen to work on it or back out altogether.

Guarantees the contractor will complete the project and adhere to the terms of the contract. In the event of a contractor’s default, the surety company will step in and make the obligee whole.

Guarantees the contractor will pay all subcontractors and suppliers for labor and materials provided

Guarantees the contractor’s work during the warranty period. The maintenance bond will pay out if the defective workmanship or faulty materials result in financial losses for the project owner.

Commercial Surety Bonds include a number of different types of bonds that generally are required by various regulations, ordinances, and entities, including federal, state, and local governments, to protect the public interest, helping to ensure that individuals and businesses adhere to the rules and regulations that protect the public. Commercial Surety Bonds typically fall into the following four categories:

These are Surety Bonds that are needed in court proceedings and can serve many different purposes. The two main categories of court bonds include:

These are Surety Bonds that are needed in court proceedings and can serve many different purposes. The two main categories of court bonds include:

Guarantees that the fiduciary, or the person who acts on behalf of another person to manage assets or interests, will lawfully and ethically execute his or her duties under a court ruling. Common fiduciary bonds include trustee bonds, guardian bonds, conservator bonds, and administrator bonds.

A marijuana surety bond is a bond that businesses need to obtain before they can open a medical or retail marijuana dispensary. There is no one nationwide type of bond referred to as a marijuana surety bond. Instead, depending on the state, there are a number of bonds of different scope and purpose required for the licensing of medical or recreational marijuana dispensaries. Currently, applications for medical and recreational marijuana dispensaries are mainly accepted in the state of Colorado. Other states such as Illinois, Connecticut, Florida and Nevada have a more restricted application process. The marijuana, bond required in the state of Colorado can be understood as a subcategory of another type of bonds – a sales tax bond.

DMEPOS Bonds are required by the Centers for Medicare and Medicaid Services (CMS) of all providers and suppliers of “durable medical equipment, prosthetics, orthotics and suppliers”, if they intend to bill Medicare for the equipment

Information about filing surety bond claims

Filing A Claim Against A Public Official Bond

School District/School Board/Government Officials

Filing A Claim Against A Companies Surety Bond

Corporations / Large Businesses / Unions

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