Louisiana Surety Bonds

How much you will have to pay for your Louisiana surety bond, or what your surety bond cost will be, depends on the bond amount you are asked to provide. For some bonds, the same amount applies across the country. In other cases, the bond amount is set by local or state authorities, and might even vary from case to case.

The general principle for formulating your bond cost is that you need to post a percentage of the bond amount, which is called the bond premium. For standard bonding market, the percentage is usually between 1% and 4%.

Your exact bond price is determined once your surety examines your personal and business financials. It will take a look at your credit score, business stats and professional experience to assess the risk involved in bonding you. If your finances are stable, you can expect a lower bond premium.

At Lance Surety Bonds, we have bonded thousands of applicants over the years. We know how difficult it can be to get the Louisiana surety bond that you need if you have bad credit. This why we offer our Bad Credit Program.

For applicants with a low credit score, liens, past bankruptcies or civil judgments, the usual bond premiums are in the range of 5%-15%. The higher price is in place to mitigate the increased risk. Our program is a great opportunity to get the same reliable bonding options, at top rates for whatever your situation. Since we forge close relations with a number of A-rated, T-listed surety companies, we can look for the best bond for your circumstances.

To start your bonding process today, you can apply online for a free, no-obligations bond quote. When you complete a full application, you will receive an exact Louisiana surety bond price.

Have a question about the bonding process or your application? We are here to help. Just call us at (877) 514-5146.

For a complete overview of how bonding works, make sure to check out our How to Get Bonded page.