A license and permit bond is a bond a city or state asks for before it gives you a business license or permit. It promises you will follow the rules tied to that license.
- Who needs it
- Businesses that need a license or permit, by rule
- Typical bond amount
- Set by your city or state
- What you pay
- From $50; larger bonds use a small percent
- Term
- One year, renewed with your license
- A claim protects
- The public and the government
What is a License and Permit Bond?
A license and permit bond is a wide group of bonds. The common thread is simple. A government wants a bond before it lets you do regulated work. The bond protects the public and the government if you break the rules.
Examples include contractor bonds, auto dealer bonds, and many trade and business bonds. If your license needs a bond, it likely falls in this group.
Who needs a License and Permit Bond?
Many business owners need one to get a license or permit. The exact rule depends on your trade and your city or state.
If your license application mentions a surety bond, this is the type you need. We can read your form and tell you the amount.
How does a License and Permit Bond work?
Here is the general path:
- Your city or state sets the bond type and amount.
- You buy the bond from Junno Surety for a small fee.
- You file the bond with your license or permit application.
- The government issues your license.
- If you break a rule tied to the license, the public or government can file a claim.
Keep your bond active to keep your license in good standing.
How much does a License and Permit Bond cost?
Small license bonds can start at $50. Larger bonds use a small percent of the bond amount, based on your credit.
Junno Surety prices at the industry rate minus 5% and shops several markets to find your best deal.
What happens if someone files a claim?
A claim happens when you break a law or rule tied to your license, and it costs someone money. The bond company reviews the claim, pays it if valid, and then you pay the bond company back.
How to get your License and Permit Bond from Junno Surety
Junno Surety can bond almost any license or permit. Send us your license form or just the bond name and amount, and we will quote you fast, often the same day.
We are a licensed surety bond agency and can often issue your license and permit bond the same day. Start your free quote → or call (762) 499-0237.
Things to know about a License and Permit Bond
License and permit bond is a broad name for many bonds that share one idea. A government wants a bond before it lets you do regulated work. Contractor bonds, dealer bonds, and many trade bonds all fall under this name. Because there are so many types, the first step is to find your exact bond and amount. It is on your license application. If you are not sure, send us the form and we will read it for you. Keep the bond active to keep your license valid. Renew on time, follow the rules of your license, and the bond quietly does its job in the background.
Frequently asked questions
What is a license and permit bond?
It is a bond a government requires before it gives you a license or permit. It protects the public if you break the rules of that license.
How do I know my bond amount?
It is on your license application. If you are unsure, send us the form and we will find it for you.
How much does it cost?
Small bonds can start at $50. Larger ones cost a small percent of the bond amount, based on your credit.
How do I know which bond I need?
Check your license application; it names the bond and amount. If it is unclear, send us the form and we will identify the exact bond for you.
Are all license bonds expensive?
No. Many small license bonds start at just $50. Larger bonds cost a small percent of the bond amount, based on your credit.