You may be legally required to purchase a surety bond due to your job type or where you work. Many government entities mandate the use of surety bonds for certain industries as a preventative protective measure for consumer interests. Oftentimes bonds are required before business owners can get a license to operate in a certain city or state.
Since bonding regulations are established by both state and municipal entities, be sure to research all regulations for your industry. With the current increase in bonding regulations across virtually all industries, we urge new business owners to reach out to us directly by phone or email.