Arizona Surety Bonds Explained
Many individuals and companies in Arizona need to post surety bonds to meet relevant requirements. You may have to obtain a bond as part of your business licensing, in some court cases, or in order to participate in bidding on some construction projects.
The bonding represents a contract between three parties. The principal is the entity that needs the bond. The obligee is the authority that sets the bond requirement. The suretyis the bond provider.
You can find out detailed information about the costs, the bond types and how to get bonded in the sections below.
Find Your Arizona Surety Bond
|Contractor License Performance & Payment (State) Bond||Contractor License||The Registrar of Contractors||Apply Now|
|Contractor License Performance & Payment (State) Bond||Right of Way Performance Bond||City of Phoenix||Apply Now|
|Collection Agency Bond||Collection Agency||Dept of Financial Institutions||Apply Now|
|Collection Agency Bond||Collection Agency Bond||Apply Now|
|Debt Consolidators Bond||Credit Repair Services Bond||Arizona State Government Management Services Div.||Apply Now|
|Professional Fund Raisers Bond||Contracted Fundraiser||AZ Secretary of State||Apply Now|
|Insurance Agents/Brokers Bond||Insurance Broker||Director of Insurance||Apply Now|
|Insurance Agents/Brokers Bond||Department of Insurance Administrator Bond||State of Arizona||Apply Now|
|Insurance Agents/Brokers Bond||Health Care Card Provider Bond||State of Arizona, Department of Treasury||Apply Now|
|Mortgage Broker (1st & 2nd Mortgages) Bond||Mortgage Surety Bond||Dept of Financial Institutions||Apply Now|
|Mortgage Lender/Banker (1st & 2nd Mort.) Bond||Mortgage Banker Bond||Superintendent, Dept of Financial Institutions||Apply Now|
|Real Estate Agents/Brokers Bond||Real Estate Salesperson's/Broker's License Bond||Department of Real Estate||Apply Now|
|Title Insurance Agents & Escrow Officers Bond||Escrow Agent Bond||Arizona Dept of Financial Institutions||Apply Now|
|Defective Title Bond||Highway Department Defective Title Bond||Motor Vehicle Division||Apply Now|
|Auto & Mobile Home Dealers (New & Used) Bond||Vehicle Dealer Bond||Motor Vehicle Division||Apply Now|
|Auto & Mobile Home Dealers (Used Only, No New) Bond||Vehicle Dealer Bond||Motor Vehicle Division||Apply Now|
|Motor Vehicle (Non-Dealer, Not Listed) Bond||License / Mobile Home Dealer Bond||State of Arizona, Office of Administration||Apply Now|
|Motor Vehicle (Non-Dealer, Not Listed) Bond||Electronic Records Access||Motor Vehicle Division||Apply Now|
|Sport Permits Bond||Boxing Performance||AZ State Boxing Commission||Apply Now|
|Detectives Bond||Private Investigators License||Arizona Dept of Public Safety||Apply Now|
|Employment Agencies Bond||Employment Agency Bond||The Industrial Commission of Arizona||Apply Now|
|Professional Licenses (All Other) Bond||Appraisal Management Company||Board of Appraisals||Apply Now|
|Professional Licenses (All Other) Bond||Service Company Bond||Department of Insurance||Apply Now|
|Professional Licenses (All Other) Bond||Peddler's Permit Bond||City of Chandler||Apply Now|
|Professional Licenses (All Other) Bond||Prescription-Only Drug Wholesaler License Bond||Arizona State Board of Pharmacy||Apply Now|
|Professional Licenses (All Other) Bond||Peddler, Solicitor, Canvasser or Transient Merchan||City Of Mesa||Apply Now|
|Schools (All) Bond||Private Postsecondary Education Bond||Arizona State Board for Postsecondary Education||Apply Now|
|Schools (All) Bond||Cosmetology School Bond||Arizona State Board of Cosmetology||Apply Now|
|Contractors Tax (Blanket Contracts) Bond||Taxpayer Bond for Contractor 42-5006||Arizona Department of Revenue||Apply Now|
|Fuel Tax (All Others, Sellers & Users) Bond||Motor Fuel Supplier Bond||MOTOR CARRIER TAX & SERVICES (MVD)||Apply Now|
|Fuel Tax (All Others, Sellers & Users) Bond||IFTA||Motor Vehicle Division||Apply Now|
|Miscellaneous Taxes Bond||Taxpayer Bond for Contractor||Arizona Dept Of Revenue: Taxpayer Information||Apply Now|
|Compliance 3rd Party Bond||Utility Users Bond||Arizona Corporation Commission||Apply Now|
|Utility Deposit Bond||APS Electric Service Bond||Arizona Public Service||Apply Now|
|Utility Deposit Bond||Salt River Project Utility Deposit||Salt River Project - Commercial Credit Dept.||Apply Now|
|Utility Deposit Bond||Utility Deposit||Tucson Electric||Apply Now|
|Utility Deposit Bond||Bond for Utility Users||Corporation Commission||Apply Now|
|Utility Deposit Bond||Sulphur Springs Valley Electric Utility Deposit Bo||SULPHUR SPRINGS VALLEY ELECTRIC COOPERATIVE INC||Apply Now|
|Utility Deposit Bond||Payment of Utility Services Bond||City of Mesa: Attention Credit Services||Apply Now|
|Financial Guarantee (All Other) Bond||Financial Guarantee Bond||PrePass / HELP||Apply Now|
|Money Transmitter Bond||Money Transmitter Application||State Of Arizona||Apply Now|
|Telemarketing/Phone Solicitor Bond||Telephone Solicitation||Attorney General||Apply Now|
|Non-Construction Performance Bond||License Bond||Arizona Corporate Commission||Apply Now|
|Non-Construction Performance Bond||Telecommunications Business License Bond||Arizona Corporation Commissions||Apply Now|
|Appraisal Management||Appraisal Management Company Bond||Arizona Board of Appraisal||Apply Now|
Questions about Surety Bonds in Arizona
How much would I pay for the bonding?
The cost of your Arizona surety bond depends on the type of surety bond you are applying for, its required amount, and your own financial standing and stability.
When determining the rate, or your bond premium, sureties consider the amount of your bond. This amount is the total coverage that can be offered to obligees in the case of a claim. Premiums can vary greatly depending on the specific type of bond that is needed.
In order to assess your surety bond cost, the surety that you apply with has to look at your personal credit score. Applicants who have a high credit score and a healthy financial standing are usually offered a standard market rate, which is between 1%-4% of the total amount. You also have to present personal or business financials to demonstrate a sound and stable profile. The stronger it is, the lower your bond price is likely to be.
Is bad credit bonding possible?
Applicants who have a low credit score, or those who have no credit score at all, pose a higher bonding risk. That's why it is more difficult to get bonded if your finances are not in the best shape.
Lance Surety Bonds runs its Bad Credit Surety Bonds program in order to offer a bonding option for applicants struggling with problematic finances. The rates are slightly higher, between 5%-15% of the total amount, but you’re still sure to receive the lowest rate possible for your situation.
How do I get my bond?
Once you have submitted your full set of documents, we will estimate a bond quote for you. Then, if you are satisfied with it, you can buy the bond online. You will receive a hard and a digital copy of the bond.
You can learn more details about the bonding process via the How to Get Bonded page.
Don’t hesitate to call us at (877) 514-5146 if you need help with your Arizona surety bond application. Lance Surety Bonds’ experts will be happy to assist you.
Who Needs to Get Bonded in Arizona
Three main types of surety bonds are needed in Arizona - license and permit bonds, contract bonds, and court bonds.
License bonds are typically necessary when you apply for a business license. Arizona auto dealers, mortgage and freight brokers, but also contractors, collection agencies and insurance brokers are some of the businesses who need to get bonded. These bonds are meant to guarantee that licensed businesses will perform their operations in legal compliance.
Construction specialists who want to bid on public and private projects often have to obtain contract bonds. These bonds are required for most state and federal projects, yet many private construction project owners may also require them.
Court bonds may be required of you by Arizona courts before they grant you certain rights or permit you to appeal a judgment. For example, fiduciaries will often be required to obtain a fiduciary bond before they can assume the role of guardians or trustees. Appellants may also be required to obtain a bond before their appeal of a judgement is given way.
Most Popular Surety Bonds in Arizona
Before they are allowed to operate legally, Arizona auto dealers need to obtain a continuous Arizona auto dealer bond between $20,000 and $100,000.
Contractors in the state have to get a bond in an amount between $2,000 and $100,000, depending on the license type.
Those who wish to become mortgage brokers in Arizona have to get a bond of either $10,000 or $15,000.
Collection agencies in Arizona need to obtain a bond between $10,000 and $35,000 before they are allowed to collect payments.
To become a freight broker in the U.S., you have to obtain a $75,000 surety bond.
If you wish to open a fundraising business in Arizona, you will have to get bonded.
Any business who wants to conduct money transmitting in Arizona needs to get bonded in order to obtain a state license from the Department of Financial Institutions.