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Popular Surety Bonds in Maryland
Maryland Home Improvement Contractor Bond
To obtain your state license as a home improvement contractor in Maryland, you must post either a $20,000 or $100,000 surety bond.
Notary Bond
To become a notary in Maryland, you must purchase a $25,000 bond. This four-year bond protects the public against financial losses if a notary conducts business illegally or unethically.
Automobile Insurance Fund Producer Bond
To become licensed as an automobile insurance fund producer in Maryland, you must post a $10,000 bond and renew it annually (to maintain your license).
Credit Hauling Bond
The Maryland Department of Transportation requires credit hauling permit applicants to post a surety bond. The bond ensures that permit holders pay all applicable fees each month.
Nominal Bond of Personal Representative
A nominal bond of personal representative is a type of surety bond required by the Maryland courts to protect an estate’s beneficiaries and creditors. It’s a financial safeguard, ensuring the personal representative fulfills their duties faithfully and responsibly.
Maryland Vehicle Dealer Bond
Motor vehicle and trailer dealers in the state must post a surety bond. Bonds requirements range from $25,000 to $300,000. Bonds must be renewed annually.
Find Your Maryland 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. Some bonds can be issued instantly at a flat rate.
How do I know which bond I need in Maryland?
Businesses, contractors, and other professionals will need surety bonds to operate legally in Maryland. 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.