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Most Popular Surety Bonds in New York City
How Much Does a Surety Bond Cost in New York City?
A surety bond in New York City costs between $100 and $1,000. The city requires a $10,000 bond for pawnbrokers, process servers and employment agencies. A $5,000 industrial laundry jobber bond is also required. Rather than paying the full bond amount, however, you can pay a bond premium.
Our New York City-authorized surety company has bond premium rates between 1% and 10%. Your specific rate is determined by a review of your credit rating and the risk associated with the bond. We provide bonds to applicants with most credit scores.
Those who apply with a 700 credit score or higher receive a bond premium rate of 1% to 3%. For example, with this credit score, the $10,000 pawnbroker bond will cost between $100 and $300.
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Surety Bond Cost Based on Credit Score |
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|
Surety Bond Name |
Surety Bond Amount |
Over 700 |
Between 600 - 699 |
Below 599 |
|
New York City Pawnbroker Bond |
$10,000 |
$100 - $300 |
$300 - $500 |
$500 - $1,000 |
|
New York City Process Server Bond |
$10,000 |
$100 - $300 |
$300 - $500 |
$500 - $1,000 |
|
New York City Employment Agency Bond |
$10,000 |
$100 - $300 |
$300 - $500 |
$500 - $1,000 |
|
New York City Industrial Laundry Jobber Bond |
$5,000 |
$100 - $150 |
$150 - $250 |
$250 - $500 |
How to Get a Surety Bond in New York City
1. Identify the Surety Bond You Need
Before applying for your New York City surety bond, take time to research the bond requirements in place for your trade. Several links to local resources are available below to assist you with your research.
Stella recently applied for an employment agency bond with us. She expected a slow, stressful process, but she was pleased to have a rate quote in her hands within minutes of applying online. After making the premium payment, she received her new bond via email without delay.
2. Apply For Your New Bond
Our surety company has been serving New York City’s bond needs for more than 10 years, and we are proud to provide you with a fast and easy bond process. Once you understand the bond requirements that pertain to you, fill out the online application. This step usually only takes a few minutes of your time.
3. Review Your Bond Quote
Bond applications are reviewed and processed as soon as they are received. Many applicants receive an immediate bond rate. However, complex applications require in-depth review. For these applications, we deliver a bond rate within 48 hours.
4. Buy Your Bond
Finalizing your New York City bond purchase is a breeze. Simply use our online payment portal to make the premium payment. Soon after we receive your payment, your bond will be prepared and emailed straight to you. A mailed copy of the bond is also available upon request.
Our friendly bond specialists are standing by to provide assistance and answer your questions. Reach us online or by phone at (877) 514-5146 today.
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What Our Clients Have To Say?
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!
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!
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!
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!
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!
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!
