City-level Bonding Requirements
What are New York state surety bonds?
New York surety bonds guarantee the legal compliance of bonded parties. For many individuals and companies in New York state, posting a bond is a prerequisite to conducting business and other activities.
State, local and city authorities require surety bonds to ensure additional security for the general public. Bonds in New York function like a three-party contractual agreement. The obligee is the body that asks for the bonding. The principal is the entity that needs to get bonded. Last but not least, the surety provides the bond and backs financially the principal.
Questions about Surety Bonds in New York
What are the types of New York surety bonds that you may need?
- 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.
What are the bonding costs?
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.
Can I get bonded with bad credit?
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.
How do I apply for a bond?
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.
Find Your New York Surety Bond
|Market Agencies/Dealers Bond||Farm Products Dealer Bond||Dept of Agriculture and markets||Apply Now|
|Contractor License (No P&P Language) Bond||County of Putnam Electrical Contractor License Bon||County of Putnam||Apply Now|
|Contractor License Performance & Payment (Local) Bond||Performance Bond||City of Niagara Falls||Apply Now|
|Contractor License Performance & Payment (Local) Bond||More Than ONe Location-Building Operations Permits||City of New York||Apply Now|
|Excess Weight, Other Highway & Street Permit Bond||Two to Fifty Locations Liability Permit Bond||City of New York/Commissioner of Transportation||Apply Now|
|Excess Weight, Other Highway & Street Permit Bond||Oversize and or Overweight Equipment Hauling Permi||Department of Transportation, State of New York||Apply Now|
|Collection Agency Bond||Collection Agency Bond(City of Buffalo, NY)||Office of Licenses||Apply Now|
|Collection Agency Bond||Collection Agency Bond (New York City)||NYC Department of Consumer Affairs||Apply Now|
|Professional Fund Raisers Bond||Annual Bond (for Professional Fund Raisers)||New York State Department of Law||Apply Now|
|Insurance Adjusters Bond||Adjusters||NY Insurance Department - Licensing Bureau||Apply Now|
|Mortgage Broker (1st & 2nd Mortgages) Bond||Originating Entity||Superintendent of Banks||Apply Now|
|Mortgage Broker (1st & 2nd Mortgages) Bond||Registered Mortgage Brokers||Superintendent of Banks||Apply Now|
|Mortgage Broker (1st & 2nd Mortgages) Bond||FHA Mortgage Loan Correspondent||Superintendent of Banks||Apply Now|
|Mortgage Broker (1st & 2nd Mortgages) Bond||Mortgage Loan Originator (Individual)||New York Banking Department||Apply Now|
|Mortgage Lender/Banker (1st & 2nd Mort.) Bond||Licensed Mortgage Banker Bond||NY Superintendent of Banks||Apply Now|
|Mortgage Lender/Banker (1st & 2nd Mort.) Bond||REGISTERED MORTGAGE LOAN SERVICERS||Superintendent of Banks of the State of New York||Apply Now|
|Auto & Mobile Home Dealers (New & Used) Bond||Motor Vehicle Dealer||Department of Motor Vehicles||Apply Now|
|Auto & Mobile Home Dealers (New & Used) Bond||Automobile Brokers Bond||Department of State||Apply Now|
|Auto & Mobile Home Dealers (New & Used) Bond||Auto & Mobile Home Dealers (New & Used) Bond||Obligee info for this request was wrong||Apply Now|
|Auto & Mobile Home Dealers (Used Only, No New) Bond||Motor Vehicle Dealer||Department of Motor Vehicles||Apply Now|
|Motor Vehicle (Non-Dealer, Not Listed) Bond||Executive Law Article 21-B||New York State Deaprtment of State||Apply Now|
|Motor Vehicle (Non-Dealer, Not Listed) Bond||Second Hand Vehicle Sales||Town of Hempstead||Apply Now|
|Sport Permits Bond||Sport Permits Bond||State Athletic Commission||Apply Now|
|Sport Permits Bond||Boxing, Sparring, and Wrestling Match Permit Bond||State Athletic Commission||Apply Now|
|Health Spas/Health Clubs Bond||Health Club||Division of Licensing Services||Apply Now|
|Detectives Bond||Private Investigator Bond||Secretary of State||Apply Now|
|Detectives Bond||Watch, Guard or Patrol Aency Bond||Secretary of State||Apply Now|
|Employment Agencies Bond||Employment Agency Bond||The People of the State of New York||Apply Now|
|Nursing Homes Bond||State of New York Nursing Homes||NYS DEPARTMENT OF HEALTH||Apply Now|
|Professional Licenses (All Other) Bond||Immigration Assistance Service Providers||Department of Consumer Affairs||Apply Now|
|Professional Licenses (All Other) Bond||Oversize Hauling Permit||NY Dept of Transportation||Apply Now|
|Professional Licenses (All Other) Bond||Process Server Individual||Department of Consumer Affairs||Apply Now|
|Professional Licenses (All Other) Bond||Ticker Reseller||Secretary of State||Apply Now|
|Professional Licenses (All Other) Bond||For Hire Vehicle||City of New York Taxi & Limousine Commission||Apply Now|
|Professional Licenses (All Other) Bond||Ambulette Bond||Office of the Medicaid Inspector General||Apply Now|
|Professional Licenses (All Other) Bond||Second Hand Dealer||Department of Consumer Affairs||Apply Now|
|Professional Licenses (All Other) Bond||(City of New Rochelle) Door to Door Vendor Bond||City of Rochelle, NY||Apply Now|
|Professional Licenses (All Other) Bond||Solicitor Bond (Clarkstown, NY)||Town of Clarkstown||Apply Now|
|Professional Licenses (All Other) Bond||Appearance Enhancement Business Bond||Secretary of State||Apply Now|
|Professional Licenses (All Other) Bond||Process Serving Agency Bond||Department of Consumer Affairs||Apply Now|
|Professional Licenses (All Other) Bond||General Contractor Bond||Department of Consumer Affairs||Apply Now|
|Professional Licenses (All Other) Bond||Base Station Bond (Westchester County Taxi & Limo||Westchester County Taxi & Limo Commission||Apply Now|
|Professional Licenses (All Other) Bond||Taxi Base Station Bond (County of West Chester)||Westchester County||Apply Now|
|Alcohol (Manufacturers, Warehouses, Wholesalers) Bond||New York Alcoholic Beverage Control||State Liquor Authority||Apply Now|
|Alcohol (Retailers) Bond||Alcohol (Retailers) Bond||Apply Now|
|Fuel Tax (All Others, Sellers & Users) Bond||Bond of Distributor of Automotive Fuel||NY State Dept of Taxation and Finance||Apply Now|
|Other Public Warehouses (All) Bond||Storage Warehouse Bond (New York City)||City Of New York, Department Of Consumer Affairs||Apply Now|
|Games of Chance Bond||Games of Chance Bond||NYS Department of State||Apply Now|
|Turnpike/Bridge Toll Bond||Thruway Authority||New York State Thruway Authority||Apply Now|
|Utility Deposit Bond||Utility Deposit Bond||NIAGARA MOHAWK POWER CORP dba NATIONAL GRID||Apply Now|
|Utility Deposit Bond||Long Island Lighting Company Utility Deposit Bond||Long Island Power Authority||Apply Now|
|Utility Deposit Bond||(PSEGLI) Utility Payment Bond||Public Service Enterprise Group Long Island (PSEGL||Apply Now|
|Wages & Fringe Benefits Bond||Steamfitters' Industry Funds Construction Trades||Steamfitters Local 638||Apply Now|
|Wages & Fringe Benefits Bond||Welfare, Pension, Annuity Payment Bond||IBEW Local Union 363||Apply Now|
|Wages & Fringe Benefits Bond||IUEC Wage and Fringe Benefit Payment Bond||NY LOCAL 1 IUEC||Apply Now|
|Wages & Fringe Benefits Bond||Local Union #9 Wage & Welfare Bond||TRUSTEE OF THE DISTRICT COUNCIL NO. 9 OF NEW YORK||Apply Now|
|Fringe Benefits Only Bond||International Union of Painters||Trustess of the District Council No. 9 of New York||Apply Now|
|Fringe Benefits Only Bond||Fringe Benefits Only Bond||Sheet Metal Intl #28||Apply Now|
|Fringe Benefits Only Bond||Sheet Metal Workers International/Local Union #28||Sheet Metal Workers International/Local Union #28||Apply Now|
|Fringe Benefits Only Bond||Steamfitters' Industry Funds Construction Trades B||The Steamfitters' Industry Fund||Apply Now|
|Fringe Benefits Only Bond||Fringe Benefits Bond (Local #200)||Plumbers Local No. 200||Apply Now|
|Money Transmitter Bond||Money Transmitter Bond||Department of Financial Services||Apply Now|
|Telemarketing/Phone Solicitor Bond||Telemarketing Bond||Department of State, Division of Licensing||Apply Now|