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Maine

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In Maine, surety bonds are required in industries such as construction, real estate and automobile sales.

A surety is a kind of insurance that guarantees that a business or individual will hold up their end of a bargain when they are hired to provide a service to their client. It is basically a contract between three parties: a principal, an obligee, and a surety. The principal is the group who hired to provide a service, such as construction or the sale of an automobile, the obligee is the client of the principal and the one that the surety is intended to protect, and the surety is the underwriter who sells the bond to the principal.

Should the involved principal fail to fulfill their obligations to the obligee, they can file a claim in opposition to the bond and be financially reimbursed by the surety. This means that even though the principal is the party who is expected to purchase the bond, the bond itself is intended to protect an obligee from wrongdoing.

Common Maine Surety Bonds


In Maine, surety bonds are required in industries such as construction, real estate and automobile sales.

A surety is a kind of insurance that guarantees that a business or individual will hold up their end of a bargain when they are hired to provide a service to their client. It is basically a contract between three parties: a principal, an obligee, and a surety. The principal is the group who hired to provide a service, such as construction or the sale of an automobile, the obligee is the client of the principal and the one that the surety is intended to protect, and the surety is the underwriter who sells the bond to the principal.

Should the involved principal fail to fulfill their obligations to the obligee, they can file a claim in opposition to the bond and be financially reimbursed by the surety. This means that even though the principal is the party who is expected to purchase the bond, the bond itself is intended to protect an obligee from wrongdoing.

Common Maine Surety Bonds

Auto Dealer Bond
Mortgage Bond
Certificate of Title Bond
Freight Broker Bond
Janitorial Bond
Wage Bond


How do I purchase a Maine surety bond?

NFP, the nation's largest and most reliable surety company, is authorized to issue many different types of surety bonds in Maine. We can provide the best rates for your bond, as well as the fastest issuance, to get your business off and running.

Our short online application makes it easy. Click below to start the application process today.

Maine Surety Bond FAQs

Yes. Legally, dealerships must hold an auto dealer bond based on last year’s vehicle sales. This bond ensures customers and the state can recover losses if the dealer violates laws or contracts.

Contractor bond premiums usually fall between 1 and 10% of the required bond amount.

Example: For a $125,000 public‑works project, costs range from $1,250 to $12,500, depending on credit score (1% for excellent, up to 10% for low credit).

If you can’t present a title, due to loss, defects, or discrepancy, you'll need a certificate of title bond equal to 150% of the vehicle’s appraised value (e.g., $30,000 bond for a $20,000 car).

Yes. Most bond types can be issued despite poor credit, though premiums may increase:

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All Types. All States. The very best solutions for your surety bond needs.