Lance Surety Bonds is able to offer all types of surety bonds for customers doing business in the state of Alabama. With direct access to some of the best bond markets in the country, we can get just about any client approved, regardless of their credit rate.
Find out more below about the various surety bond requirements in Alabama, what kinds of bonds you can get, and how your surety bond cost is determined.
Frequently Asked Questions
How Much Does a Surety Bond Cost in Alabama?
The type of bond you obtain determines the cost you will have to pay. Bonds typically have different amounts in every state. There are some exceptions, which have the same amount across the country. Your surety bond cost, also known as your premium, is a fraction of your bond’s full amount.
Your premium is determined by sureties on an individual basis. Sureties review your financial status, and watch your personal credit score particularly carefully, as an indicator of your financial reliability.
They also take into account other aspect of your finances, such as your financial statements, both personal or business ones. Furthermore, your personal industry experience is also of importance.
If you have a high credit score, your Alabama surety bond rate will be between 1%-4% of the total amount of your bond. So, for example, the cost of obtaining a $25,000 Alabama auto dealer bond would be between $250-$1000.
Alabama Bad Credit Surety Bonds Program
Many types of bonds can still be obtained even if you have a bad credit score. Applicants with a low or nonexistent score are invited to apply for a bond under our Bad Credit Surety Bonds program, which makes it possible for them to get bonded despite their credit difficulties, and at only slightly higher rates.
Rates under the Bad Credit program are higher, to accommodate the risk involved in bonding such applicants. They typically range between 5%-15% of the total amount of a bond.
Lance Surety Bonds always makes every effort to ensure that our applicants get only the lowest rates possible. Furthermore, all of our bonds are backed exclusively by the best sureties.
How to Get Bonded in Alabama
To get started with your application process, just submit your surety bond application form.
Apply online here and let us know what kind of bond you need, along with a number of other details. As soon as we process your bond, we will contact you with your free quote for your Alabama surety bond. If necessary, we may also ask you to provide us with additional information.
For further questions, or to receive assistance, simply call us at (877)-514-5146. Our surety experts will be there to help you out, provide you with answers or guide you through the application process.
Types of Alabama Surety Bonds
There are number different surety bond types in Alabama, and we underwrite all of them.
For example, there are license bonds which individuals or businesses who want to obtain a professional or business license in Alabama must obtain. Car dealers, mortgage brokers, contractors and other license-holders need to have a license bond before they are allowed to exercise their profession.
These bonds guarantee that the bond’s principals will comply with state regulations for their license. As such, they protect the state of Alabama and the public, from businesses or individuals who engage in unlawful or fraudulent activities.
Licensed and bonded contractors in Alabama can also obtain their contract bonds through us at Lance. These bonds serve to guarantee the quality of contractor performance in accordance with the project contract or, in other cases, that contractors will fulfill all their obligations towards subcontractors and suppliers. These bonds are required for state and private construction projects.
Finally, we can also freely write Alabama court bonds for those among our applicants who have been requested by an Alabama court to obtain one of these bonds.
Most Popular Surety Bonds in Alabama
If you’re planning on opening a car dealership, you will need to obtain an Alabama auto dealer bond.
Mortgage brokers need to get bonded in order to be allowed to legally operate in the state of Alabama.
Before you can work as a contractor in Alabama you need to get licensed. When getting licensed you need a contractor license bond.
To open a freight brokerage in Alabama, you will have to get bonded. This is a federal requirement for all freight brokers.
A telemarketing bond is required in order to work as a telemarketer in the state of Alabama.
Alcohol bonds are required of people who wish to sell alcohol in the state of Alabama.
To find a bond which isn’t listed above, just use our Alabama surety bond search tool below and find the bond you need. Then click ‘Apply’ to proceed to our application tool where you will be able to submit your surety bond application form.
You can speak to one of our surety bond professionals at (877)-514-5146 if you have any questions or are in need of assistance. We’re always here to help you.
Find Your Alabama Surety Bond
|Contractor License (No P&P Language) Bond||General Contractor License Bond||State of Alabama Board for General Contractors||Apply Now|
|Contractor License (No P&P Language) Bond||City of Birmingham Contractor License Bond||City of Birmingham||Apply Now|
|Contractor License (No P&P Language) Bond||(City of Dothan, AL) Contractor License Bond||City of Dothan||Apply Now|
|Contractor License Performance & Payment (State) Bond||Heating, Air Conditioning, & Refrigeration Contrac||Board of Heating, Air Conditioning, & Refrigeratio||Apply Now|
|Contractor License Performance & Payment (State) Bond||Urban Development Department Bond||Mobile Urban Development Department||Apply Now|
|Contractor License Performance & Payment (State) Bond||Plumbing and or Gas Fitting Bond||State of Alabama Plumbers & Gas Fitters||Apply Now|
|Investment Advisor (Blue Sky) Bond||Uniform Surety Bond||Securities Commission||Apply Now|
|Professional Fund Raisers Bond||Prof. Fund Raiser or Comm. Co-Venturer||Office of the Attorney General||Apply Now|
|Insurance Surplus Lines Brokers Bond||Insurance Surplus Lines Broker||Alabama Department of Insurance||Apply Now|
|Mortgage Broker (1st & 2nd Mortgages) Bond||SAFE Mortgage Act Bond||State of Alabama, State Banking Dept||Apply Now|
|Auto & Mobile Home Dealers (New & Used) Bond||Motor Vehicle Dealer Bond||Dept. of Revenue||Apply Now|
|Auto & Mobile Home Dealers (Used Only, No New) Bond||Used Motor Vehicle Dealer, Reconditioner, Rebuilde||Alabama Dept of Revenue||Apply Now|
|Motor Vehicle (Non-Dealer, Not Listed) Bond||Designated Agent Bond||Alabama Department of Revenue||Apply Now|
|Motor Vehicle (Non-Dealer, Not Listed) Bond||Bond of Automotive Dismantler and Parts Recycler||Alabama Department of Revenue||Apply Now|
|Motor Vehicle (Non-Dealer, Not Listed) Bond||AMHC License/Permit||Manufactured Housing Commission||Apply Now|
|Motor Vehicle (Non-Dealer, Not Listed) Bond||Designated Agent-Non Dealer Bond||Alabama D.O.R. Motor Vehicle Division||Apply Now|
|Sport Permits Bond||Promoter's License Bond||ALABAMA ATHLETIC COMMISSION||Apply Now|
|Detectives Bond||Private Detective Bond (City of Florence, AL)||City of Florence||Apply Now|
|Medicare & Medicaid (Home Agencies, State) Bond||Alabama Medicaid Agency Bond||Alabama Medicaid Agency||Apply Now|
|Professional Licenses (All Other) Bond||Appraisal Management Company Registration||State Of Alabama Real Estate Appraisers Board||Apply Now|
|Professional Licenses (All Other) Bond||Corporate Surety - Bail Bond||Alabama Department of Insurance||Apply Now|
|Professional Licenses (All Other) Bond||Subterranean Termite Eradication and Control Work||Department of Agriculture & Industries||Apply Now|
|Professional Licenses (All Other) Bond||Service Contract Provider Bond||State of Alabama Dept. of Insurance||Apply Now|
|Schools (All) Bond||Private School Performance Bond||Department of Post Secondary Education||Apply Now|
|Schools (All) Bond||Private School Agents||Department of Postsecondary Education||Apply Now|
|Schools (All) Bond||School Property Bond||Board of Cosmetology||Apply Now|
|Alcohol (Retailers) Bond||Selling Alcoholic, Spirituous, Vinous or Fermented||Jefferson County Dept. of Revenue||Apply Now|
|Alcohol (All Others) Bond||Alcohol Ordinance Tax of Fee Bond (Priceville, AL)||City of Priceville||Apply Now|
|Utility Deposit Bond||Indemnity Bond for Electric Service and/or Steam H||ALABAMA POWER||Apply Now|
|Utility Deposit Bond||Indemnity Bond for Gas Service||Alabama Gas Corporation||Apply Now|
|Utility Deposit Bond||Huntsville Utilities Bond||Huntsville Utilities||Apply Now|
|Utility Deposit Bond||Florence Utilities Deposit Bond||Florence Utilities, City of Florence AL||Apply Now|
|Utility Deposit Bond||Payment of Utility Bills Bond (Decatur Utilities)||Decatur Utilities||Apply Now|
|Indemnity (Miscellaneous - Not Listed) Bond||Private School Preformance Bond (Non-Degree Granti||Connie S. Harris||Apply Now|
|Money Transmitter Bond||Money Transmitter||Alabama Securities Commission||Apply Now|
|Telemarketing/Phone Solicitor Bond||Telemarketing||Office of the Attorney General||Apply Now|
|Telemarketing/Phone Solicitor Bond||Telemarketing Bond||Office of the Attorney General, Consumer Protectio||Apply Now|