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Surety Bond Blog

Please read our blog about a wide variety of insurance topics. Please feel free to ask us any questions.

Auto Dealer Bond Cost & License Requirments

What is an Auto Dealer bond? Auto Dealer Bond does not protect the car dealer from lawsuits, but it protects the consumer from fraud or misrepresentation by the auto dealer.  Auto Dealer Bonds guarantee compliance with state laws and every state sets its own bond amount, period and expiration date. Auto Dealer Bond Requirements? Department of Motor Vehicles requires that all auto dealers to secure a...

Texas Notary Bond Cost & Info.

Why Do I need a Notary Public Bond A Notary bond protects the public from financial harm in the event you, the Notary, make a mistake or omission, or perform a wrongful act in notarizing a document that causes any person financial harm. By issuing a bond, the surety company guarantees that you will perform your duties as a Notary Public in accordance with the...

Notary Bond Guide & Rates

Notary Surety Bond Notary State law requires all Notaries to purchase and maintain Notary surety bond for the duration of their 4-year commission. The Notary bond protects the public of Texas against any financial loss due to improper conduct by a Texas Notary. The bond is not insurance protection for Texas Notaries. For your convenience, the Texas state filing fee is included with your bond purchase. In...

Florida Auto Dealer Bond Guide and Rates

Florida Department of Highway Safety and Motor Vehicles (FLHSMV) issues a number of different types of auto dealer licenses through its Bureau of Dealer Services.  A state license is required in order to sell new or used automobiles, trucks, recreational vehicles, mobile homes, and other types of vehicles as a distributor, retailer, auctioneer, wholesaler, or salvage dealer. Whether you operate a dealership as a sole proprietor,...

California Contractor License Bond Guide

Contractor License Bond Contractors are required to file a $25,000 contractor license bond with the California CSLB to maintain an active license. The bond protects the CSLB by transferring to a surety bond company the cost of damages to the public resulting from a licensed business breaking California's Contractor License Law.  Rates for a $25,000 Contract License bond start from $128/year and is all based on...