Many Utah contractors and businesses need surety bonds to get licensed, bid on projects, or meet contract requirements. We work with top bonding companies to get you approved quickly — often the same day.
A surety bond is a three-party agreement that guarantees you'll fulfill an obligation. If you don't, the bond pays the damaged party. Here are the most common types:
Required by the State of Utah to obtain and maintain your contractor's license.
Guarantees you'll complete a construction project according to the contract terms.
Ensures subcontractors and suppliers get paid for their work on your project.
Guarantees you'll honor your bid price and enter into the contract if selected.
Required by state and local governments for various business licenses and permits.
Required by courts for various legal proceedings, including appeal bonds and fiduciary bonds.
If you're a contractor, work on government projects, or need certain licenses in Utah, you'll likely need surety bonds.
Bond premiums are typically 1–3% of the bond amount for applicants with good credit. A $25,000 contractor license bond might cost $250–$750/year.
Many standard bonds can be approved and issued the same day. Larger performance and payment bonds may take a few days for underwriting review.
Yes. Credit is one of the primary factors in bond underwriting. Good credit (650+) gets the best rates. We work with carriers that can bond applicants with less-than-perfect credit too.
The surety investigates the claim. If valid, they pay the claimant — but you're required to reimburse the surety company. Bonds are not insurance in the traditional sense.
We shop 30+ carriers so you get the best coverage at the best rate. No obligation, no pressure — just answers.
Get a free quote in minutes. No obligations. No spam. Just straight answers from people who care about getting this right.