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Popular Surety Bonds in Maine
Debt Collector Bond
Debt collectors must post a $5,000 bond as part of the state licensing process in Maine. Bonds expire on July 31 each year and must be renewed on time to remain active.
Maine Loan Broker Bond
Anyone applying for a loan broker license in Maine must post a $25,000 surety bond. The premium is $100. Bonds must be renewed annually to remain active.
Maine Auto Dealer Bond
The Secretary of State in Maine requires vehicle dealers to post a bond as part of the state registration process. Bond amounts can vary.
Investigator and Investigative Assistant Bonds
The Department of Public Safety – Maine State Police requires those applying for a private investigator or investigative assistant license to get bonded. Bond amounts range from $10,000 to $20,000 and cost $100 or $200 annually.
Maine Motor Vehicle Title Surety Bond
A Maine bonded title is a certificate of title – proving you legally own your vehicle – with a surety bond attached. The three-year surety bond allows other parties to file a claim if your actions cause them financial harm.
Freight Broker Bond
If you wish to start a freight brokerage, you must post a $75,000 bond as part of the licensing process.
Find Your Maine Surety Bond
Don’t see the bond you need?
Give us a call at (888) 435-4191 or use our generic form to start your application online. We’ll reach out soon!
How much do surety bonds cost?
The cost of a bond can vary based on a few factors, including the type of bond, the amount required, and your credit score and finances. Your bond premium will be a small percentage of the total bond amount – typically 1-10%.
Generally, the stronger your credit score, the lower your rate. However, we don’t even need to run your credit in some cases. Many bonds can be issued instantly at a flat rate.
How do I know which bond I need in Maine?
Various businesses, contractors, and other professionals will need surety bonds to operate legally in Maine. Many professions that require state, county, or city licenses to work or practice will also require surety bonds.
Here are some examples:
- You may need construction bonds to work as a contractor.
- You may need a license or permit bond to operate a professional business.
- Or you may need a court bond to fulfill your duties as a fiduciary.
Call ZipBonds to Get Bonded in a Flash
We’ll help you find the bond you need, complete the application, and be off and running. Call us at (888) 435-4191, or email support@zipbonds.com. We also have live chat on our website during regular business hours. Reach out any time!
About ZipBonds.com
Founders Ryan Swalve and Zach Mefferd formed the vision for ZipBonds.com when they realized how overly complicated it was to help clients place surety. The frustration of being unable to incorporate the technology they’d used in other insurance-focused projects left them thinking “there has to be a better way.”
Fast forward a couple of years, and that better way is the impetus of everything we do at ZipBonds. We constantly look for innovative ways to improve the bonding process for our clients and agents. Our team comprises individuals who understand all angles of surety – for companies, agencies, and individuals. Incorporating everyone’s point of view to improve the process while simultaneously integrating cutting-edge technology is what sets our business apart.