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Iowa Surety Bonds

  • Get a free Iowa surety bond quote today
  • Lance Surety Bonds is licensed to underwrite all Iowa surety bonds
  • Troubled finances? No problem!
  • Easy and smooth online application

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What Is an Iowa Surety Bond?

Just like in all other US states, many businesses and individuals need to post an Iowa surety bond, so that they can operate in legal compliance.

State and local authorities require surety bonds with the purpose of protecting the state and the general public from fraudulent activities. An Iowa surety bond works like a contractual agreement between three entities. The obligee is the authority that imposes the bond requirement. The party that has to get bonded is the principal, and the surety is the bond underwriter.

The most common types of Iowa surety bonds that you might encounter include:

  • License bonds are required from individuals and businesses that want to obtain a professional license, such as mortgage brokers, car dealers and freight brokers. The bond guarantees they will follow state regulations.

  • Contract bonds are needed when construction contractors want to participate in private or public projects. Their purpose is to ensure the timely and quality performance of the work, thus safeguarding the project owner’s interests.

  • Court bonds might be required by an Iowa court in certain situations. These include if you are appointed as a fiduciary of another person’s assets or if you wish to appeal a judgment to an appellate court.

You can start your bonding process by identifying the type of Iowa surety bond that you need in the list of most common bonds below. The full set of bonds in Iowa are available at the end of the page.

Having trouble finding the bond you need? Don’t hesitate to call us at (877) 514-5146.

Most Popular Surety Bonds in Iowa

Iowa Motor Vehicle Dealer Bond|

New and used auto dealers in Iowa are asked to obtain a $50,000 motor vehicle dealer bond, so that they can get licensed.

Mortgage Broker Bond

If you’d like to run a mortgage brokerage in Iowa, you’ll need to post a $100,000 mortgage broker bond.

Contractor License Bond

If you are an out-of-state contractor who wants to operate in Iowa, you will be required to post a $25,000 contractor license bond.

Liquor License Bond

If you need to obtain a Class E liquor license bond in Iowa, you will need to get a liquor license bond in the amount between $5,000 and $15,000, as decided by the Alcoholic Beverage Division.

Insurance Adjuster Bond

If you wish to operate as an insurance adjuster in Iowa, you will need a $20,000 public adjuster bond.

Cigarette Tax Bond

If you’d like to deal with cigarette and tobacco products in Iowa, you will be asked to post a cigarette tax bond in the amount of $500 to $5,000, depending on your activity.

Frequently Asked Questions

How much does an Iowa surety bond cost?

The bond price, or the surety bond cost, that you will need to pay in order to get bonded in Iowa will largely depend on the surety bond amount that you are asked to post. Depending on the business you are running, this amount might be applicable for the whole country, for Iowa state, or only for your local area. In some cases, the bond amount is even determined individually for each case.

However your bond amount is set, your bond price will be only a fraction of it, called the bond premium. This means that you need to pay only a percentage in order to get bonded, which is usually between 1% and 4% if you qualify for standard bonding.

When you apply for a bond, your surety takes a close look at your personal and business finances. It considers your personal credit score, business stats and overall experience. This is how the surety assesses the risk of providing you with a bond. If your finances are stable, you can expect a lower bond premium. |

Can I get an Iowa surety bond with bad credit?

Even if your finances are far from perfect, there is a way to get bonded even with bad credit. Since we understand the hardships that bad credit applicants face, we operate our Bad Credit Program to assist them.

Under this program, the typical bond rates range between 5%-15%. The increased rate mitigates the risk of bonding applicants with low credit scores, liens, past bankruptcies or civil judgments.

Still, our clients benefit from our excellent bonding rates even with bad credit. Lance Surety Bonds fosters close relations with a number of A-rated, T-listed surety companies. This means we can select the top bonding option for your particular circumstances.

You can start your bonding process today with ease. Just apply online for your free Iowa surety bond quote, and you’ll receive a response in no time. Your exact bond cost will be available after you submit a full application.

Whether you need help with your application or have questions about bonding, you can always call us at (877) 514-5146. Lance Surety Bonds’ specialists will be happy to advise you.

For a complete guide to the bonding process, make sure to consult our How to Get Bonded page.

Find Your Iowa Surety Bond

  • Contractor License (No P&P Language) Bond
    City of Bettendorf Contractor License Bond
    City of Bettendorf, Building Inspection Services
  • Contractor License Performance & Payment (Local) Bond
    License and Permit Bond (Davenport, IA)
    City of Davenport, Iowa
  • Contractor License Performance & Payment (Local) Bond
    General Contractor Bond (Fort Dodge, IA)
    City of Fort Dodge, IA; City Treasurer's Office
  • Contractor License Performance & Payment (Local) Bond
    Right of Way Permit Bond (Fort Dodge, IA)
    City Treasurer's Office
  • Contractor License Performance & Payment (State) Bond
    Division of Labor Out of State Contractor
    Iowa division of labor contractor registration
  • Contractor License Performance & Payment (State) Bond
    Contractor License Performance & Payment (State) B
    Iowa Division of Labor
  • Contractor License Performance & Payment (State) Bond
    Commercial Refrigeration Bond
    Plumbing & Mechanical Systems Board
  • Debt Consolidators Bond
    Credit Services Organization
    Secretary of State
  • Insurance Adjusters Bond
    Insurance Adjuster Bond
    Iowa Insurance Division
  • Insurance 3rd Party Administrator Bond
    Third Party Administrator
    Insurance Division
  • Mortgage Broker (1st & 2nd Mortgages) Bond
    Mortgage Surety
    Superintendent of Banking, Dept of Commerce
  • Mortgage Broker (1st & 2nd Mortgages) Bond
    Mortgage Broker
    Superintendent of Banking, Dept of Commerce
  • Mortgage Broker (1st & 2nd Mortgages) Bond
    Superintendent of Banking
  • Mortgage Lender/Banker (1st & 2nd Mort.) Bond
    Mortgage Banker
    Superintendant of Banking, Iowa Dept of Commerce
  • Title Insurance Agents & Escrow Officers Bond
    Closing Agent
    Superintendent of Banking Iowa Department
  • Auto & Mobile Home Dealers (New & Used) Bond
    Motor Vehicle Dealer
    Department of Transportation
  • Auto & Mobile Home Dealers (Used Only, No New) Bond
    Motor Vehicle Dealer
    Department of Transportation
  • Sport Permits Bond
    Athletic Commissioner Boxing/Wrestling/Mixed Marti
    State of Iowa Athletic Commission Iowa Division of
  • Detectives Bond
    Detectives Bond
    Iowa Department of Public Safety
  • Employment Agencies Bond
    Employment Agency Bond
    Workforce Developmetn Division of Labor Services
  • Professional Licenses (All Other) Bond
    Purchase of Timber from Timber Growers by a Timber
  • Professional Licenses (All Other) Bond
    Licensed Service Company's Bond
    Insurance Commissioner of Iowa
  • Schools (All) Bond
    Instructional School
    State of Iowa
  • Travel Agencies Bond
    Secretary of State
  • Alcohol (Retailers) Bond
    Commerical Liquor License
    Iowa Alcohlic Beverages division
  • Utility Deposit Bond
    Alliant Energy Utiltiy Bond
    Alliant Energy
  • Money Transmitter Bond
    Money Transmitter Bond
    State of Iowa

What Our Clients Have To Say?

Kimberlee Ables
Quick response times and turn around for issuing bonds. Great customer service and very knowledgeable. We have used Lance Surety multiple times and have never been disappointed. Highly recommend them and Collette!
Andrew Poincot
Long story short, these guys cut through the B.S. and get the job done. Responsiveness, excellent! Communication, excellent! Respect for their industry partners, excellent! John, Collette, Ryan, you're all-stars! Thank you!
Margie Martinez
We decided for Lance Surety Bond's quote for 2 reasons; Price and Customer Service. Our Representative Ryan was just SUPERB!! [...] I highly recommend Lance Surety Bond for all your Bonding needs! I'll definitely come back for all of mine. :-) Thanks Ryan!

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