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Railway Company Surety Bond

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  • Great rates across the U.S.
  • Bad credit program

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What Is a Railway Company Surety Bond?

In some cases, railroad transporters are required to obtain a railway company surety bond. This is a type of commercial bond, which is required by, most notably, the Kansas City Southern Railway Company and the Texas Burlington Northern Santa Fe (BNSF) Railway Company.

The goal of the surety bond is to ensure that railroad transporters who operate on the infrastructure of such railway companies comply with all applicable regulations. In case you transgress from your legal obligations, you may end up with a claim against your surety bond. This is how harmed parties can seek a fair reimbursement.

Your railway company surety bond works as a three-party contract. Your business is the principal of the bond. The railway company is the obligee that requires the bond. The surety is the third party that provides you with a bond.

Questions about Railway Company Surety Bond

In which states do you need to post this surety bond?

Texas

The Burlington Northern Santa Fe Railway Company, based in Texas, requires businesses to post a $10,000 surety bond if they engage in transporting rail-owned or controlled equipment at BNSF’s facilities.

Kansas City, Missouri

The Missouri-based Kansas City Southern Railway Company requires railroad transporters that use its network to post a $10,000 surety bond. It is a prerequisite to signing its Intermodal Interchange and Facilities Access Agreement.

What are the railway company surety bond costs?

In order to get bonded, you have to cover only a small fraction of the $10,000 surety bond that you have to post. Your surety bond cost is thus different from the required bond amount. The bond premium is usually 1% and 5% of the required amount, in case your finances are stable.

When you apply with a surety, it has to examine your personal and business financials to assess the bonding risk involved. The most important factors that affect your bond cost are your personal credit score, business financials, and assets and liquidity. The more solid your overall profile is, the smaller your bond premium is likely to be.

Surety Bond Cost Based on Credit Score
Surety bond name Surety bond amount Above 700 Between 650-699 Between 600-649 Below 599
Kansas City Southern Railway Company and Texas BNSF Railway Company bond $10,000 $100-$150 $100-$250 $250-$500 $500-$1,000

What happens if I have bad credit?

Even if your finances are problematic, you can still get bonded with Lance Surety Bonds. We operate our Bad Credit Surety Bonds program for applicants struggling with issues such as low credit scores, tax liens, bankruptcies, and civil judgements.

The usual bad credit bond rates are in the range of 5% and 10%. The higher price is due to the increased bonding risk. With us, however, you can still get a top bonding option. We work with numerous A-rated, T-listed surety companies, so we can shop around for you.

How do I get this bonded?

In case you’d like to learn more about the bonding process, you can review our in-depth How to Get Bonded page. It contains the most essential details that you’d need.

Do you need assistance with your bond application? Just contact us at (877) 514-5146. Lance Surety Bonds’ specialists are here to help.

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About Us

Lance Surety Bonds
Lance Surety Bond Associates, Inc. is a Pennsylvania-based surety bond agency that offers bonding at competitive rates in all 50 states. Established in 2010, our company has grown to become one of the top online bond producers in the country. Working exclusively with A-rated and T-listed bonding companies gives us the confidence to offer a 100% money-back guarantee. read more

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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