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Popular Surety Bonds in Massachusetts
Private School Bond
The Department of Education requires private schools in many states, including Massachusetts, to post a bond as part of the licensing process.
Driving School Bond
If you wish to operate a driving school in Massachusetts, your state regulating agency may require you to post a surety bond as part of the licensing process.
Private Investigator Bond
To work as a private investigator, you may need a $5,000 bond to obtain your state license. This bond costs $100 and must be renewed annually.
Cosmetology School Bond
To run a cosmetology school in the state, you may need a $10,000 bond to become licensed. This bond ensures schools meet industry standards and protects students’ unearned, prepaid tuition.
Investment Advisor or Broker Dealer Bond
Investment advisors and broker dealers in Massachusetts must maintain a $10,000 surety bond, renewed annually.
Auctioneer Bond
Auction professionals applying for a state license must post a $10,000 bond. These bonds protect the public from fraud, misrepresentation, payment mismanagement, and more.
Find Your Massachusetts 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 does a Massachusetts surety bond 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 Massachusetts?
Businesses, contractors, and other professionals will need surety bonds to operate legally in Massachusetts. 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 Zip
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.