Commercial Bond Types

Commercial bonds come in a wide variety of specialties. These bonds are most frequently required for business owners who must be bonded in order to legally operate under their state’s guidelines. Most business owners will require at least one bond in their possession to obtain a business license.

  • ARC Bond

        A bond required by the Airlines Report Commission.

  • Auto Dealer Bond

    A license and permit bond required by many states in order to operate as an auto dealer.

  • Broker Bond

    A vague term used to describe various types of brokers (e.g. freight broker, mortgage broker, etc.)

  • Cigarette Tax Bond

    May be required of cigarette distributors to guarantee payment of taxes.

  • Collection Agency Bond

    A bond to guarantee collection agencies operate within the rules and regulations set fourth by the governing body.

  • Contractor License Bond

    Some states, as well as local governments may require a bond for a contractor to legally operate in a particular location.

  • Customs Bond (U.S.)

    Required of importers by U.S. customs of imports over $2,000 in value.

  • DMEPOS Bond, Medicare Bond, DME Bond

    A bond required of Medicare suppliers by the Federal government.

  • Freight Broker Bond (BMC-84)

    A Federally mandated bond of freight brokers to guarantee delivery of brokered goods.

  • Fuel Tax Bond

    A bond to guarantee payment of taxes on fuel sold in a particular region.

  • Health Club Bond

    Required by some states for health clubs to collect payment up front from their clients.

  • Home Dealer Bond

    A license bond to guarantee the performance of dealers for off-site built homes.

  • Insurance Broker Bond

    Some state insurance departments require a license bond to guarantee the performance of insurance brokers within their state.

  • ICC Bond

    The ICC is the old regulating body for freight brokers. The bond is simply referred to as a freight broker bond or BMC-84 now.

  • License & Permit Bond (not listed)

    There are literally thousands of different license & permit bonds throughout the country. Here you will learn more about license bonds in general.

  • Liquor Tax Bond

    A bond to guarantee payment of taxes collected from the sale of alcoholic beverages.

  • Lottery and Lotto Bond

    Some states require a bond to guarantee store owners properly operate state owned lottery machines.

  • Miscellaneous Bond (not listed)

    There are literally thousands of commercial bonds, many of which are too specific to fall under a particular category.

  • Money Transmitter Bond

    Many state governments require money transmitters to obtain a bond to guarantee they will operate in accordance with the terms their license.

  • Mortgage Broker Bond

    Most states require mortgage broker to file a bond to with their license applications to ensure they operate per the states rules and regulations.

  • Mortgage Lender Bond

    Most states require mortgage lenders (also known as mortgage bankers) to post a license bond to guarantee they operate per the terms of the state in which they operate.

  • Patient Trust Bond

    This bond ensures the caretaker of a patient will not misuse the funds held in the patients' trust.

  • Payday Loan Bond

    A license bond required of pay day loan companies to ensure they operate per the terms of the state's specific rules and regulations.

  • Pre-Need Funeral Bond

    These bonds allow for pre-payment on funeral and burial agreements.

  • Public Adjuster Bond

    Also referred to as insurance adjuster bonds, they guarantee the work of public adjusters.

  • Public Official Bond

    Public Official bonds are usually for the protection of the taxpayers money which they often handle.

  • Sales Tax Bond

    A commercial bond that guarantees a company's payment of sales tax to the government.

  • Seller of Travel Bond

    A bond required of sellers of travel to ensure collected funds are sent to the appropriate parties.

  • Surplus Lines Broker Bond

    Required by several states for any insurance agent that offers surplus lines.

  • Telemarketing Bond

    A license bond required by state governments to ensure telemarketers (also known as phone solicitors) operate legally per the terms of the particular state being called.

  • Title Agency Bond

    A license bond required of title agents by some states.

  • Used Car Dealer Bond

    Most of the state departments regulating used car dealers require them to be licensed and bonded to protect the public.

  • Utility Bond

    A financial guarantee bond to ensure payment of utility bills in a prompt manner.

  • Wage and Welfare Bond

    Are bonds required by local unions to guarantee payment of dues.

 

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