North Carolina
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Surety bonds have become a regular requirement in most businesses across North Carolina.
The popularity of surety bonds arises from their usefulness in guaranteeing the services offered by many businesses. In fact, most service providers licensed by the state are required to be bonded. Contractors, motor vehicle dealers and even plumbers often need to issue a surety bond to their customers to protect them from any risks and losses they can incur as a result of negligence on the part of the service provider.
North Carolina surety bonds are useful for businesses as well as their customers. The bonds provide a level of security for customers while extending credit to businesses that provide various services.
Common North Carolina Surety Bonds
Surety bonds have become a regular requirement in most businesses across North Carolina.
The popularity of surety bonds arises from their usefulness in guaranteeing the services offered by many businesses. In fact, most service providers licensed by the state are required to be bonded. Contractors, motor vehicle dealers and even plumbers often need to issue a surety bond to their customers to protect them from any risks and losses they can incur as a result of negligence on the part of the service provider.
North Carolina surety bonds are useful for businesses as well as their customers. The bonds provide a level of security for customers while extending credit to businesses that provide various services.
Common North Carolina Surety Bonds
Contractors Bond
Auto Dealer Bond
License and Permit Bond
Collection Agency Bond
Public Adjuster Bond
Money Transmitter Bond
How do I purchase a North Carolina surety bond?
NFP, the nation's largest and most reliable surety company, is authorized to issue many different types of surety bonds in North Carolina. 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.
North Carolina Surety Bond FAQs
In North Carolina, common surety bonds include contractor license bonds, auto dealer bonds and notary bonds. Businesses and professionals often need these bonds to comply with state or local licensing regulations and to guarantee ethical and legal conduct.
It depends on the industry. Professions like construction, auto sales, and home improvement typically require surety bonds as part of the licensing process. Always check with the North Carolina Licensing Board or your industry regulator to confirm requirements for your business type.
The cost varies based on the bond type and your credit profile. For example, a $15,000 auto dealer bond might cost between $100 and $450 per year for applicants with strong credit. Rates can be higher for those with lower credit scores, but flexible options are often available.
Yes, many surety providers in North Carolina offer bonds to applicants with less-than-perfect credit. While your premium may be higher, having collateral or a co-signer can help. Over time, improving your credit can lead to better rates on future bond renewals.
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