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Popular Surety Bonds in South Dakota
Freight Broker Bond
To become a freight broker or freight forwarder, you must post a $75,000 bond as part of the licensing process and renew it annually.
Auto, Boat, Snowmobile, Motorcycle, and Trailer Dealer Bonds
You must post a dealer bond before conducting business in the state of South Dakota. Boat, snowmobile, motorcycle, and trailer dealer bonds cost $100. Auto dealer bond costs vary.
Notary Bond
To work as a notary in South Dakota, you must post a $5,000 bond for the six-year commission. This bond costs $100 and can be issued instantly online.
Money Lender Bond (NMLS)
To operate as a money lender in the state, you must post a bond as part of the licensing process.
Dakota Dunes Contractor Bond
To work as a general contractor in Dakota Dunes, you must post a surety bond. A $10,000 bond costs $150.
Public Official Bond
To become a public official (treasurer, tax collector, or other), you must post a surety bond. This bond must be renewed annually.
Find Your South Dakota 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 surety bond cost?
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.
How do I know which bond I need?
Various businesses, contractors, and other professionals will need surety bonds to operate legally in South Dakota. 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 Your Surety Bond in SD
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.