Lance Surety Bonds offers a very quick and user-friendly way to get bonded: our online application tool. visit our page with all the facts you need, Contractor License Performance & Payment (Local) Bond, Town of South WIndsor Drain Layer's or Excavation, Excess Weight, Other Highway & Street Permit Bond, Bureau of Engineering & Highway Operations Permit, State of Connecticut, Dept of Transportation, (City of Norwalk, CT) Street Opening or Encroachme, Banking Commissioner of the State of Connecticut, State of Connecticut, Dept of Consumer Protection, Mortgage Broker (1st & 2nd Mortgages) Bond, Mortgage Lender/Banker (1st & 2nd Mort.) There are three types of surety bonds that can be required of you: License and permit bonds needed for many professions such as auto dealers and mortgage brokers to operate legally. By maintaining relationships with the nation’s leading surety underwriters, we give our clients access to the industry’s lowest available premiums. Stamford Transportation Center Parking Garage. The business is referred to as the Principal, the surety bond company as the Obligor and the as the Obligee. See reviews, photos, directions, phone numbers and more for the best Surety & Fidelity Bonds in Vernon, CT. A surety bond is a contract among at least three parties: the obligee - the party requiring the bond, the principal - the primary entity who will perform the contractual obligation, the surety - the party that financially guarantees to an obligee that the principal will act in accordance with the terms established by the bond. ; Court bonds required by the courts for various purposes. 2021 SuretyBonds.com. (844) 432-6637 Lance Surety Bond Associates, Inc. is a Pennsylvania-based surety bond agency that offers bonding at competitive rates in all 50 states. This bond is in place so that the should there be any instance that a customer incurs a loss due to the business closing or any violation of the rules and regulations set by … By posting a Connecticut mortgage licensee surety bond, principals (mortgage lenders, correspondent lenders, brokers and loan originators) pledge to conduct business in accordance with the provisions of Section 36a-485 to 36a-498f (inclusive), 36a-534a and 36a-534b of the Connecticut General Statutes. Many Connecticut businesses need permits or licenses to operate: mortgage lenders, employment agents, money transmitters, and notaries to name just a few. The business name or individual listed on the application must match the name listed on the bond. Respect for their industry partners, excellent! Get your Connecticut (CT) Surety Bond today! IN WITNESS WHEREOF, the said (Principal) has hereunto set his, her, its hand and seal and the said (Surety) _____ has caused this instrument to be signed by its Established in 2010, our company has grown to become one of the top online bond producers in the country. Surety Bond; Purpose . If you’re looking for fast, easy and accurate bonding service, you’ve come to the right place. The state’s Banking Commissioner requires this $40,000 bond be posted by all licensed debt consolidators in Connecticut. Your bonding company will determine your premium. 60 state street, wethersfield, ct 06161 dealers & repairers section surety bond - motor vehicle dealer repairer/limited repairer, or leasing/renting co. k-158 rev. Call us at (877) 514-5146 and we will do our best to help. For example, a $25,000 collection agency bond typically costs just $250-$750 for applicants qualified for standard markets. What Does a Surety Bond Mean? licensee as principal Highly recommend them and Collette! surety bond - certificate of title h-113 rev. We are providing online quotes for bonds in all 50 states. Different types of bonds are required for professional work in Connecticut, such as licensing or contracting. A project owner (called an obligee) seeks a contractor (called a principal) to fulfill a contract. If your credit score is high, you can expect to pay between 1% and 3% of the bond amount. Various types of specialists across cities and municipalities in Connecticut may need to post a contractor license bond in order to launch legal operations in the state. 3. Surety. A criminal background check and financial suitability assessment may also be required for licensing in the state. If you want to reduce your premiums, we can help you explore your options. New Haven Rail Yard Diesel Shop. Certificate of title bonds are considered to have minimal risk, so they’re typically issued instantly without a credit check for a low, flat rate. Established in 2010, our company has grown to become one of the top online bond producers in the country. Although a few factors can affect your surety bond cost in Connecticut, the risk associated with your specific bond type has the largest impact on your premium. Consulting a surety expert is the best way to determine your exact surety bond cost. Our staff maintains an extensive bond library, but if we don’t have exactly what you need, we can track it down. Communication, excellent! Call us first to find out how much money we can save you (844) 432-6637 or Apply online today at SuretyGroup.com! The following information is related to commercial surety bonds. Nonparticipating Manufacture Surety Bond: 08/2018 : AU-960 : Form & Inst. Name : Type : Description : Revised : OR-131 NPM : Form & Inst. For even more tips and information about surety bond costs, visit our page with all the facts you need. Surety1 provides Connecticut surety bonds for many state requirements. The Connecticut vehicle title surety bond must indemnify any prior owner and lienholder and any subsequent purchaser of the vehicle or person acquiring any security interest in it against any expense, loss or damage, including attorney's fees which result from the issuance of a new certificate of title. We offer all types of surety bonds in all 50 states. Connecticut surety leader, Surety One, Inc. provides for the bonding needs of the construction and commercial contracting industries in all fifty states, Puerto Rico and U.S. Virgin Islands. The aggregate liability of the Surety hereunder on all claims whatsoever shall not exceed the penal sum of this bond in any event. How much does a Connecticut surety bond cost? We also are great at: Court Bonds; Fidelity Bonds; License and Permit; Title Bonds; Construction Related Bonds} It is essentially a bond in which you do not have to post any money to be released from jail. Every CT bond is prepared on a specific CT bond form, as prescribed by the entity requiring the bonding (known as the Obligee). Call us first to find out how much money we can save you (844) 432-6637 or Apply online today at SuretyGroup.com! ; Contractor bonds for public construction projects. Connecticut Replevin Bond AmeriPro Surety Bonds | 844-589-9732 . We specialize in bonds for the mortgage industry, like mortgage broker bonds, mortgage banker bonds and mortgage servicer bonds. The Connecticut Banking Commissioner requires collection agencies to post $25,000 surety bonds to be licensed to operate within the state. Get A Quote. The official surety bond documents typically … 1 (800) 308-4358 and let our experts find it for you! Connecticut Surety Bonds Overview. Contractor bonds for … The bond ensures that all negotiators will faithfully perform any and all written agreements. Connecticut surety leader, Surety One, Inc. provides for the bonding needs of the construction and commercial contracting industries in all fifty states, Puerto Rico and U.S. Virgin Islands. Rates start as low as .75%. A surety bond is a contractual agreement between a project owner or business guaranteeing that the project will be completed or regulations will be followed. [Surety Bonds are what we specialize in at Surety by NFP! The required bond amount is $10,000.00. SuretyGroup.com can save you money! Because of the higher risk involved, sureties will ask for higher premiums– in the range of 5% to 15%. Connecticut mortgage broker surety bonds, motor vehicle dealer license bonds, bid bonds, contract bonds, and lottery retailer bonds and more. 60 state street, wethersfield, ct 06161 dealers & repairers section surety bond - motor vehicle dealer repairer/limited repairer, or leasing/renting co. k-158 rev. Hartford, CT 06106-5032. Connecticut Surety Bonds. Bond* New Haven Rail Yard Storage Demolition. The first party is the principal, which is your dealership in this case. You need to know the total bond amount, which is the sum listed on the bond and required by the state. Nonparticipating Manufacture Surety Bond: 08/2018 : AU-960 : Form & Inst. Connecticut Surety Bond Costs Although a few factors can affect your surety bond cost in Connecticut, the risk associated with your specific bond type has the largest impact on your premium. Surety Bond Professionals is a family owned and operated bonding agency with over 30 years of experience. Posted on September 23, 2017 November 21, 2018. Surety bonds are required of certain individuals or businesses. This sum refers to the maximum coverage the bond offers to the bonded dealer’s customers, and not to the bond’s cost. The state DMV mandates a $50,000 bond amount for Motor Vehicle Dealers, a $10,000 bond for Leasing or Rental Companies, and a $5,000 amount for Motor Vehicle Repairers. Our GOOD CREDIT price is $200. the bond, the Principal shall file a new bond. U. S. Fidelity & Guaranty Company $ 23,928,303. All rights reserved. Contact us for your Connecticut contractor verification bond application or information about any surety bond need. A surety bond is a contract among at least three parties: the obligee - the party requiring the bond, the principal - the primary entity who will perform the contractual obligation, the surety - the party that financially guarantees to an obligee that the principal will act in accordance with the terms established by the bond. If you can't find your bond in the table below, select "General business license or permit bond (not listed otherwise)" and start your application. Copyright © 1996- There are three types of surety bonds that can be required of you: License and permit bonds needed for many professions such as auto dealers and mortgage brokers to operate legally. Standard market underwriters typically calculate premiums at 1-3% of the bond amount. Your personal bond specialist will work to find the lowest available rate for your request. licensee as principal If you want to read more, you can explore the rest of this section for some frequently-asked questions about Connecticut surety bonds. It’s easy to get at least a rough estimate of the price you will have to pay for your bond. When we receive the bonding agency’s signature, we will send you the original bond form, which you can present to the obligee that requires it. How much does a surety bond cost in Connecticut? No problem! Request a free quote instantly online or by calling 1 (800) 308-4358. The Kronholm team can assist with processing these quickly and efficiently. Surety Bonds If you are looking to conduct business in the State of Connecticut, you may be required to produce a Connecticut Surety Bond for your particular license or permit. If you execute fundraising campaigns for charitable organizations, you need this surety bond to ensure proper management of collected funds. Connecticut Surety Bonds. With access to a broad range of surety markets, our expert agents are ready to assist with all of your Connecticut probate bond needs. The bond amount is usually $5,000 for this type of bond. (Brooklyn Ventures Suretybonds.com Insurance Agency LLC in CA) For example, a Connecticut auto dealer is $50,000. The state of Connecticut requires surety bonds to guarantee payment and compliance requirements and to legally conduct many business activities in the state. Similarly, contractors who wish to perform work on state, federal and private projects must frequently also get bonded. The three parties in a surety agreement are: Lance Surety Bonds can help you get any type of Connecticut surety bond you need. dealer $5,000 m.v. You can view the Connecticut surety bonds we offer below or view all types of surety bonds. What are the requirements in order to be a motor vehicle … Don’t let low credit scores, bankruptcies or other financial issues keep you from applying for your bond. If you don’t see the one that you need on our list, contact us. Applicants must verify their required bond amount with the state prior to contacting SuretyBonds.com. The bonds are provided for a 3 year term. 6-10 know all men by these present: surety bond information $50,000 m.v. Surety Bonds for Connecticut. We’ve got a list of Connecticut surety bonds on your left that you can browse over. The amount of the bond must be equal to 2 times the appraised value of the vehicle. You might find the surety bond that you’re looking for. Search the table below, or call This bond guarantees the principal will abide by all Connecticut state laws and regulations. What is a Connecticut surety bond? Welcome to the Connecticut Surety Association Website. If you know the type of bond you want to get, you can find it in the bond table below and click “Apply now.” Or, call us at (877) 514-5146 if you need further assistance. SuretyBonds.com proudly offers our clients two key advantages over the competition. Can I get a Connecticut surety bond with bad credit? BOND REQUIREMENTS The cash deposit or surety bond must be in the amount of twenty-five thousand dollars ($25,000) and shall be for the benefit of any person damaged as a result of malfeasance or misfeasance in the conduct of the activities specified in subdivision (a) of Section 12599 of the Government Code. Those interested in becoming Lottery Sales Agents in Connecticut must submit application to the Connecticut Lottery Corporation (CLC) and may be subject to a surety bond requirement as mandated by the Department of Consumer Protection. We can help here too, though. Connecticut Surety Bonds. repairer/limited repairer $10,000 leasing or rental co. surety bond no. There is no state requirement for a contractor’s license bond in Connecticut. Surety Bond Insurance in Vernon on YP.com. A Surety Agency That Works For You. Bond, Auto & Mobile Home Dealers (New & Used) Bond, Department of Motor Vehicles - Dealers & Repairers, Auto & Mobile Home Dealers (Used Only, No New) Bond, Motor Vehicle (Non-Dealer, Not Listed) Bond, Fuel Tax (All Others, Sellers & Users) Bond, A principal, who is required to obtain the surety bond, A bonding company, who underwrites the bond. Connecticut (CT) Mortgage Brokers applying for a license through the NMLS need a minimum $50,000 surety bond. Connecticut Surety Bond Which Surety Bond in Connecticut Do You Need? Surety Bonds Also known as judicial bonds, court bonds are typically required in court proceedings, particularly probate matters, to offer protection from a possible loss. Since we work only with A-rated and T-listed sureties, we can offer high-quality surety bonds in Connecticut even if you have credit issues. There are three main types of surety bonds you may be required to post in Connecticut: Lance Surety Bonds can help you obtain all three category of bonds. The same bond form is currently used for all Mortgage Licensees, as the appropriate license will need to be checked off. If you are a contractor seeking information on obtaining a contract surety bond, please visit our contract bond page here. We have used Lance Surety multiple times and have never been disappointed. In essence, they are a contractual agreement between three sides: Lance Surety Bonds can help you get any type of Connecticut surety bond you need. Request your approval today! John, Collette, Ryan, you're all-stars! SuretyBonds.com offers an exclusive Bad Credit Bonding Program that can approve 99% of applicants – even those with problematic credit reports. We decided for Lance Surety Bond's quote for 2 reasons; Price and Customer Service. Operated by Brooklyn Ventures LLC, an insurance agency A Connecticut auto dealer bond functions similarly to a contract between three parties, just like other surety bonds do. O & G. American Home Assurance $ 39,530,498. As a bond-only agency, SuretyBonds.com has the tools and knowledge to fulfill virtually any request. These bonds are required in order to compliance with all regulations and provisions pertaining to the principal’s respective license. Surety bonds can be a confusing regulatory requirement, especially for new business owners or businesses who extend to new fields. 5. This bond may be canceled by the Surety in accordance with the provisions of Section 996.310 et seq. I'll definitely come back for all of mine. We have an exclusive program for applicants with bad credit. Connecticut Certificate of Title Surety Bond Information. The Connecticut Motor Vehicle General Repairer or Limited Repairer Surety Bond is required by the Connecticut Department of Motor Vehicles. Copies are also available via mail, email or fax. The professional surety bond is a contract between the surety--usually an insurance company--and the professional. A notarized Connecticut Motor Vehicle General Repairer or Limited Repairer Surety Bond amounting to $5000. bond shall be subject to all of the terms and provisions thereof. SuretyBonds.com is legally licensed to issue bonds in Connecticut. surety bond claim form (bond loss claim) the connecticut surety company in liquidation all claims must be postmarked before the claim filing deadline of 5:00 p.m. eastern standard time on november 15, 2002. read carefully before completing. Luckily, Lance Surety Bonds can help. dealer $5,000 m.v. See reviews, photos, directions, phone numbers and more for the best Surety & Fidelity Bonds in Hamden, CT. A surety bond is a guarantee by the surety company to pay the party requiring the bond (the obligee) as a result of the principal’s (our client’s) failure to complete a particular project or to pay outstanding requisitions made by subcontractors or suppliers on any bonded project. Hartford, CT 06106-5032. Thank you! The surety company provides the Obligee a guarantee (the surety bond) that the customers, vendors and employees of a licensed business will receive payment for financial damages due to a violation of licensing law up the bond amount stated on the bond form ("penal sum"). The insurance company issuing any surety bond, such as the Mortgage Correspondent Lender bond, will also be referred to as the "surety company" or the "bond company". 4. Lance Surety Bond Associates, Inc. is a Pennsylvania-based surety bond agency that offers bonding at competitive rates in all 50 states. Surety bond costs vary depending on the bond amount and the premium rate. Connecticut Probate Bonds. Connecticut Mortgage Correspondent Lender bonds must be issued by an insurance carrier admitted by the Department of Insurance. Call us today at (800) 863-3210. Connecticut Money Transmission Licensee bonds must be issued by an insurance carrier admitted by the Department of Insurance. Connecticut Lottery Bonds are required by the Connecticut Lottery Commission. In essence, they are a contractual agreement between three sides: A principal, who is required to obtain the surety bond For example, if you get quoted a 5% rate on a $10,000 bond, you will pay $500 for your surety bond. The following information is related to commercial surety bonds. How Much Does a Contractor License or Sales Tax Bond Cost in Connecticut? This is a comprehensive list and description of most surety bonds required in the State of Connecticut, including performance bonds, DMV bonds, and other professional license bonds. an exclusive program for applicants with bad credit. Insurance brokers representing clients can. Responsiveness, excellent! Many Connecticut businesses need permits or licenses to operate: mortgage lenders, employment agents, money transmitters, and notaries to name just a few. Surety Bond in Hamden on YP.com. Finally, the surety is the company providing the bond backing. Public owners, developers, and all the parties involved with major construction projects use surety bonds to satisfy those chances that … Examples of Connecticut surety bonds include: Surety Bond and Release : 02/2017 : AU-967 : Form & Inst. Connecticut mortgage broker surety bonds, motor vehicle dealer license bonds, bid bonds, contract bonds, and lottery retailer bonds and more. You are released on your own recognizance. Connecticut surety bonds guaranty compliance with Connecticut surety bond law, municipal ordinances and regulations. Bradley Remote Deicing Facility. Verification Bond : 02/2017 : AU-964 : Form & Inst. Additional information about this corporate surety bond requirement is as follows: Obligee - Connecticut Lottery Commission Bond Amount - $10,000.00 Bond Premium - $200.00 Renewal Document - None Click on the No Obligation Quote button to complete our simple, one-page online bonding application. If you’re just starting out as a construction contractor in Connecticut, or have predominantly taken on private work, it’s possible that you’ve never been required to obtain a performance bond before. This contract, which is paid for by the professional, is often a requirement imposed by the state or federal government to receive a license to practice certain professions. 9-2018 state of connecticut department of motor vehicles vehicle and business regulation division 60 state street, wethersfield, ct 06161 What is a Surety Bond? Surety Bonds in the State of Connecticut. Surety bonds can be a confusing regulatory requirement, especially for new business owners or businesses who extend to new fields. Surety Bond Professionals is a family-owned and operated bonding agency with over 30 years of experience. Non-Resident Contractor Request for Verified Contractor Status : 02/2017 : AU-961 : Form & Inst. Contact us for your Connecticut contractor verification bond application or information about any surety bond need. Click for a No Obligation Quote. If you are a contractor seeking information on obtaining a contract surety bond, please visit our contract bond page here. Long story short, these guys cut through the B.S. 2 minute application process ☎ (800) 737-4880 If you’re ready to get started, request additional information online by filling out our quick and easy contact form. Many of these bonds are instant issue and can be provided to you at a very low rate. Quick response times and turn around for issuing bonds. States with the most surety bond requirements include California, Florida, and Texas. It takes just a few minutes to complete, and one of our agents will quickly get in touch with you to help you finalize your application. Still got questions about Connecticut surety bonds? Surety bonds are required of certain individuals or businesses. Premiums for bonds with higher risk, such as those for vehicle dealers, are typically subject to underwriting consideration. We offer Surety Bonds for Construction Companies throughout the Northeast with a heavy concentration of clients in Connecticut, Massachusetts, Rhode Island, New York, and New Jersey. Motor vehicle repairers must file a $5,000 bond, motor vehicle leasing/renting companies must file a $10,000 bond, and auto dealers must file a $50,000 bond. repairer/limited repairer $10,000 leasing or rental co. surety bond no. If you know the type of bond you want to get, you can find it in the bond table below and click “Apply now.” Or, call us at (877) 514-5146 if you need further assistance. Bail Transaction Report : 03/17: Use forms below for projects commencing on or after 10/01/2011. [...] I highly recommend Lance Surety Bond for all your Bonding needs! :-) Thanks Ryan! If this bond is for a job that you are bidding or a contract that has been awarded to you, the surety bond you need is a Contract/Construction Bond rather than a Contractor License Bond. Just pay the premium, sign the agreement and we issue the bond - Its that simple! The actual bond amount, and the percentage, will vary depending on your industry, your company's reputation and credit rating, and even the surety company's assessment … A surety bond provides a guarantee that a specific task – such as a contractor completing a building project or a travel agency using client funds to purchase elements of the itinerary – is completed to the terms of a contract or in line with laws and regulations. A $25,000 bond required by the Commissioner of Banking. Connecticut Surety Bond Which Surety Bond in Connecticut Do You Need? The Connecticut Surety Association is a non-profit organization of surety companies, underwriters, surety bond producers and agents, attorneys, accountants, consultants, and others related to or with an interest in the construction and surety industries in Connecticut. A surety bond (pronounced "shur-ih-tee bond") can be defined in its simplest form as a written agreement to guarantee compliance, payment, or performance of an act.Surety is a unique type of insurance because it involves a three-party agreement. Surety bonds are obtained by paying a premium– usually annually or biannually– and this premium is a small percentage of the total bond amount. Among others, motor vehicle dealers and repairers, driving schools, mortgage brokers, fundraisers and alcoholic beverage distributors must be bonded in the state of Connecticut. General Contractors and Subcontractors are in a very important and serious business. The state of Connecticut requires surety bonds to guarantee payment and compliance requirements and to legally conduct many business activities in the state. Alcoholic beverage distributors need to have an alcohol tax bond for either $500 or $2000, depending on the gallons of wine sold. Premium rates for surety bonds tend to range between 1% and 15%. A surety bond is a little more complicated. Performance Bonds in Connecticut – Apply Now. Individuals who wish to start a business and must obtain a business license are often required to also get a surety bond. Our experience and reputation in the Bonding Industry, along with our Strong Bond Company Relationships, allows us to get more accomplished for our clients. Contract surety bonds typically range from about $50,000 to several million dollars based on the size of the construction project to be bonded. for a detailed explanation of surety bonds. Licensed in all 50 states and with access to over 20 T-listed, A-Rated bonding companies, we have the contacts, expertise, and top service to provide you with a hassle-free experience, all while offering competitive rates for your surety bond. Registration Issuance bond details. These bonds are subject to underwriting, so the amount you’ll pay for your bond depends on a review or your personal credit report. Connecticut Lottery Surety Bond We write $10,000 Lottery Bonds in Connecticut. The obligation insures against any defect in or undisclosed security interest upon the right, title and … 6-10 know all men by these present: surety bond information $50,000 m.v. Working exclusively with A-rated and T-listed bonding companies gives us the confidence to offer a 100% money-back guarantee. Tag Archives: surety bond connecticut. To speak with a surety expert about your bonding needs, give us a call at 1 (800) 308-4358. Alpha Surety & Insurance Brokerage is licensed in all 50 states and writes any type of Connecticut surety bond. The Banking Commissioner of Connecticut requires that all Mortgage Brokers, Mortgage Lenders and Mortgage Loan Originators secure a surety bond to guarantee compliance with the provisions of their respective license. Surety bonds are required in Connecticut in a number of instances. SuretyBonds.com offers 3-year Connecticut certificate of title bonds for different prices depending on the applicant’s required amount of bond coverage. Headquartered in Massachusetts, we proudly serve clients in the entire New England area and nationwide. Connecticut Surety Bond – CT. Ameribonds® provides affordable Connecticut surety bonds and fidelity bond insurance. However, some municipalities require contractors to obtain surety bonds to work on certain public works projects, and there is a bonding requirement for out-of-state contractors hired for projects within the state of Connecticut.