Alaska Surety Bonds Explained
Lance Surety Bonds is an expert surety agency, which can help its clients get the Alaska surety bond they need, regardless of their credit score. We have strong partnerships with America’s most respected A-rated and T-listed surety bond companies. This means you have access to the lowest rates and the strongest surety underwriters.
If you need more information about surety bonds, head to our page entitled “What is a Surety Bond?” for all the facts you’re looking for.
Already know which type of Alaska surety bond you need? You can locate it in the table below and simply click the “Apply Now” button. For more information about surety bonds in Alaska, scroll past the table to access the Q&A section. For everything else, you can always call our surety experts at (877)-514-5146.
Find Your Alaska Surety Bond
|Contractor License Performance & Payment (State) Bond||Construction Contractor Bond||Dept of Commerce, Community and Economic Developme||Apply Now|
|Collection Agency Bond||Collection Agency||Alaska Dept. of Commerce||Apply Now|
|Mortgage Broker (1st & 2nd Mortgages) Bond||Mortgage Broker Regulation Act||Dept of Commerce, Community and Economic Developme||Apply Now|
|Mortgage Broker (1st & 2nd Mortgages) Bond||Mortgage Licensee||Dept of Commerce, Community and Economic Developme||Apply Now|
|Auto & Mobile Home Dealers (New & Used) Bond||Motor Vehicle Dealer's/Buyer's Agent||Division of Motor Vehicles||Apply Now|
|Auto & Mobile Home Dealers (Used Only, No New) Bond||Motor Vehicle Dealer's/Buyer's Agent||Division of Motor Vehicles||Apply Now|
|Professional Licenses (All Other) Bond||Hearing Aid Dealer Bond||AK Department of Commerce||Apply Now|
|Professional Licenses (All Other) Bond||Concert Promoter||Division of Corporations, Business & Professional||Apply Now|
|Schools (All) Bond||Educational Institution Bond||ACPE/Alaska commission on postsecondary education||Apply Now|
|Sales, Use & Consumer Tax Bond||Tax Liability Bond||Municipality Of Anchorage||Apply Now|
|Sales, Use & Consumer Tax Bond||Room Tax Liability Bond||Municipality Of Anchorage||Apply Now|
|Money Transmitter Bond||Uniform Money Services Act Bond||STATE OF ALASKA||Apply Now|
Questions about Surety Bonds in Alaska
How much does a surety bond cost in Alaska?
The answer to this question depends on a few factors. Surety bonds have different total bond amounts, which refer to the dollar amount up to which they offer protection for your customers or the state.
When the surety bond company underwrites your bond, they will ask you to pay a bond premium. This is your actual cost, and only a small fraction of the total bond amount. The bonding company will calculate the premium after they evaluate your application, looking at factors such as personal credit score, financial stability, and industry experience. For applicants with no credit issues, the premiums vary between 1% and 4% of the total bond amount.
For a full breakdown of the factors determining your bond price, check out our “What Does a Surety Bond Cost?” page.
Can I get a surety bond in Alaska if I have a bad credit score?
Some bond underwriters may be unwilling to provide surety bonds for applicants with bad credit, which is why your choice of surety bond agency is very important.
Lance Surety Bonds has access to the some of the best bad-credit markets, meaning that we can provide you with lowest possible rates despite your credit issues. Find out more with our Guide to Getting Bonded.
How do I get bonded in Alaska?
Lance Surety Bonds offers a fast and secure online application, which makes getting a surety bond in Alaska a breeze.
Completing the online application takes just a few minutes. Once you submit it, we will contact you shortly with a bond quote. After that, we’ll give you a small list of documents we need to process and finalize your application. Once you’re approved, you need to sign a standard indemnity agreement with the bond provider and you’re set.
We realize questions may arise during the bonding process, so we’re always here to help. Simply call us at (877)-514-5146.
Types of Alaska Surety Bonds
There are different categories of surety bonds, which serve very different purposes. It’s important to know which type you need if you’re required to obtain a surety bond.
License bonds may be required from you if you are a business owner looking to register your business in Alaska. They are set in place to protect a client’s business and make sure it pays state taxes and follows applicable Alaska statutes.
Construction bonds– or contract bonds, as they are sometimes called– might be necessary if you are a construction contractor looking to work on big public projects. Private ones will sometimes require them too. Make sure you browse through the different types of construction bonds to see what kind of protection they offer.
Court bonds might be necessary if you have been appointed someone’s guardian or a fiduciary by an Alaskan court.
Lance Surety Bonds can help underwrite all three types of bond, and our experts will provide the assistance you need if you are experiencing any difficulties.
Most Popular Surety Bonds in Alaska
It is illegal to sell new or used cars in Alaska without securing an auto dealer bond and license first.
The state of Alaska requires this bond to ensure proper accounting of funds collected by collection agencies.
It’s a federal requirement that freight brokers in all states must post a freight broker bond as part of their licensing process.
Contractors who need to get licensed in Alaska will also need to obtain a contractor license bond to guarantee compliance with state rules and regulations.
If you get paid to run fundraising campaigns on behalf of charitable organization, you will need to get a professional fund raiser license and bond.
Brokers and lenders alike need to obtain surety bonds, which will protect homebuyers who use their services to find mortgages.
Any entity that wants to operate as a uniform money services in Alaska needs to obtain a state license and post a surety bond in an amount between $25,000 and $125,000, depending on the number of your locations.