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Bonding Utah since 2003
Surety1.com has been providing Utah surety bonds since 2003. We provide surety bonds that are required to obtain professional licenses or contract work in the state.
What is a surety bond?
A surety bond is a three-party agreement between the principal (the person or business that needs the bond), the obligee (the person or entity that requires the bond), and the surety (the company that issues the bond). The bond guarantees that the principal will fulfill their obligations to the obligee. If the principal fails to do so, the surety will pay the obligee up to the amount of the bond.
See our “What is a Surety Bond” Video.
See Our “How does the Surety Bond Process Work” Video
What types of surety bonds are required in Utah?
There are many different types of surety bonds required in Utah, including:
Construction bonds: Bid bonds, performance bonds, and payment bonds
License and permit bonds
Public official bonds
Miscellaneous bonds
Why are surety bonds required?
Surety bonds are required to protect the public and businesses from
financial losses caused by fraud, incompetence, or other wrongdoing. For example, a construction bond protects the project owner from financial losses if the contractor fails to complete the project or goes out of business. A license and permit bond protects the public from financial losses if a licensed professional commits fraud or malpractice.
How much does a surety bond cost?
The cost of a surety bond in Utah varies depending on the type of bond, the amount of the bond, and your financial strength and creditworthiness. Generally speaking, the higher the amount of the bond and the riskier the business, the higher the premium will be. As a rule of thumb, most surety bonds will cost between 1% and 3% of the bond amount, with a minimum cost of $150.00 to $250.00
What if I just want to “be bonded”?
If your license or profession has no surety bond requirement attached to it but one still wants to “be bonded”, Surety1.com offers a Business Service Bond at a very affordable price.
Why Choose Surety1 for Your Bonding Needs?
- Experience: Surety1 has been in business since 2003, specializing in surety bonds nationwide, with specific experience in Utah.
- Variety: We offer a wide range of Utah surety bonds for various professions and industries.
- Competitive Rates: We offer competitive rates and work with over a dozen surety bond companies to find the best price for you.
- Easy Online Application: Our user-friendly and secure online application process make for for quick and convenient bonding.
- Fast Service: We offer fast turnaround times for bond issuance.
- Support: Surety1 has a team of surety bond professionals available to answer your questions and guide you through the process.
- Positive Reviews: Surety1 has an A+ rating with the Better Business Bureau and positive reviews online.
- Licensed Nationwide: Surety1 can handle all your bond needs even if you need them in multiple states.
- Surety Bond Only Agency: Surety1 only provides surety bonds. Benefits of Working With a Surety Bond Only Agency
Surety1.com is a service of AssuredPartners one of the largest and fastest growing insurance agencies in the nation. Representing over a dozen surety bond companies, Surety1.com is the premier online provider of surety bonds nationwide since 2003. All we do are surety bonds.
How to obtain a Utah Surety Bond
Take advantage of our easy to use, easy to navigate and secure, online applications and get bonded today! The above is a comprehensive list and description of most surety bonds required in the State of Utah.
If you encounter any problems along the way, contact us via email @ info@surety1.com or phone (877)654-2327. Our friendly professional surety bond agents are ready to help.
Surety1 was founded in 2003 and helps thousands of clients find the best prices on their surety bonds. We take pride in our work so that we can give you great service. Learn more about Surety1.