New York Surety Bonds

• Many types of businesses such as car dealers, mortgage brokers, and contractors need license bonds in order to start their operations. Such bonds are required in the process of obtaining a professional license.
• Contract bonds are needed on a project basis. When contractors want to bid for construction work, they often need to post contract bonds. They guarantee the rights of project owners.
• More rarely, you may need to provide court bonds. The two most typical situations include when you have to act as a fiduciary, or when you want to appeal a court case to higher instance.

The most common bonds that are obtained in New York are in the list just below. You can consult the full list of bonds in the state at the end of this page.

Need help with finding the bond you have to post? You can reach us at (877) 514-5146.

Your New York surety bond price is only a few percents of the bond amount which you have to obtain. It is called a bond premium, and is usually between 1% and 5% for applicants with good finances

What factors affect your bond price? The most important ones are your credit score, business financials, and assets and liquidity. Your professional experience and knowhow may also be considered. Your surety assesses how risky it is to get you bonded. Your bond cost is lower when your overall profile is stable.

Our surety bond cost page offers a detailed explanation of how bond pricing is formulated.

We run our Bad Credit Surety Bonds program to assist applicants with issues such as low credit scores, tax liens, bankruptcies, and civil judgements. Most bonds can be obtained even with problematic finances, except for contract bonds. The bond prices are slightly higher and are often in the range of 5%-15%. This is needed to compensate for the higher bonding risk.

Lance Surety Bonds offers all types of surety bonds throughout the nation, including New York. Through solid relationships with a network of A-Rated, Treasury Listed surety companies, our agency is able to offer a variety of exclusive bond programs to New York applicants. We’ll help you get bonded fast, at an excellent rate. Operating out of the northeast, our agents are very familiar with the different NY bond requirements.

Need more details? You can review our How to Get Bonded page, or call us at (877) 514-5146.