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Popular Surety Bonds in South Carolina
Pawnbroker Bond
Pawnbrokers and secondhand dealers must post and maintain a $15,000 bond (renewed annually).
Contractor License Bonds
Applicants for general, mechanical, residential builder, or residential specialty contractor licenses must apply through the state and post a contractor license bond. (Learn more.)
Contract Bonds
Contractors in South Carolina must obtain various construction (contract) bonds for public works or government projects and many private-enterprise jobs.
Motor Vehicle Dealer Bonds
Motor vehicle dealers in the state must post a $15,000 or $30,000 bond, depending on the type of vehicles being sold.
Physical Fitness Center Bond
If you wish to operate a physical fitness center (health spa, tanning center, athletic or sports club, or other type of health or exercise facility), you must post a bond ranging from $10,000 to $50,000.
Insurance Broker Bond
To become an insurance broker in South Carolina, you’ll need a license with the state. An application requirement is a $10,000 surety bond.
Find Your South Carolina 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!
What is a surety bond?
A surety bond is a three-party contract between an obligee (the party that requires the bond), a principal (the party that purchases the bond), and a surety (the party that issues the bond).
How much does a surety bond cost in South Carolina?
The cost of a bond can vary based on a few factors, including the type of bond, the amount required, 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 will be. However, we do not need to run your credit in some cases. We can issue some bonds instantly at a flat rate.
South Carolina Surety Bond Requirements
Various businesses, contractors, and other professionals will need surety bonds to operate legally in South Carolina. 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 various 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.
How to Get a Surety Bond in SC
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 working 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.