Surety bonds can be obtained from licensed surety bond providers such as insurance companies, surety agencies, and online platforms. Major insurance companies offering surety bonds include Travelers, The Hartford, and Nationwide. There are also specialized surety bond agencies that focus solely on issuing bonds. Additionally, online agencies like SuretyBonds.com and A1 Surety Bonds provide convenient ways to apply for and purchase bonds quickly. For small businesses, the U.S. Small Business Administration (SBA) guarantees surety bonds, which allows small businesses to obtain bonds even if they do not meet the usual criteria, by reducing the risk for surety companies. SBA- authorized surety agents can assist in getting these bonds. The process typically involves:
- Determining the type of surety bond needed
- Finding a licensed provider or agent
- Completing an application including financial and credit information
- Receiving bond approval and paying the premium
- Receiving the bond certificate
If seeking a surety bond, it is advisable to contact a local insurance agent, specialized surety agency, or use an online surety bond service for fast and expert assistance.