New Jersey
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New Jersey surety bonds enable individuals and businesses to accomplish various goals while meeting specific requirements.
Bonds serve a range of valuable purposes. They enable countless businesses to operate and secure customers. In the construction industry alone, a variety of people and entities are protected by surety bonds. Bid bonds work as protection for customers entering into contracts with construction contractors. Performance bonds protect owners against financial loss, and payment bonds protect suppliers, laborers and subcontractors.
Sureties can prevent unqualified individuals from conducting business in certain industries. Bonds also aid in maintaining industry standards, which can be beneficial to private parties, as well as the public at large
Common New Jersey Surety Bonds
New Jersey surety bonds enable individuals and businesses to accomplish various goals while meeting specific requirements.
Bonds serve a range of valuable purposes. They enable countless businesses to operate and secure customers. In the construction industry alone, a variety of people and entities are protected by surety bonds. Bid bonds work as protection for customers entering into contracts with construction contractors. Performance bonds protect owners against financial loss, and payment bonds protect suppliers, laborers and subcontractors.
Sureties can prevent unqualified individuals from conducting business in certain industries. Bonds also aid in maintaining industry standards, which can be beneficial to private parties, as well as the public at large
Common New Jersey Surety Bonds
Contractors Bond
Construction Bond
License and Permit Bond
Freight Broker Bond
Auto Dealer Bond
Janitorial Bond
How do I purchase a New Jersey surety bond?
NFP, the nation's largest and most reliable surety company, is authorized to issue many different types of surety bonds in New Jersey. 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.
New Jeresey Surety Bond FAQs
In New Jersey, many licensed professionals are required to carry surety bonds to ensure compliance with state regulations. Common examples include motor vehicle dealers, many different types of contractors, public adjusters, and mortgage professionals.
Auto dealers in New Jersey must post a $10,000 surety bond. The cost of an auto dealer bond typically ranges from $100 to $500 annually, depending on your credit score and business history. Applicants with excellent credit usually receive lower rates, while those with lower credit may pay more.
Yes. Certain contractors, including home improvement and home elevation contractors, are required to post a surety bond, usually between $10,000 and $50,000. The contractors bond helps ensure the contractor performs work in compliance with state laws and protects homeowners from potential financial harm.
Yes, you can still get bonded with bad credit, although the premium will likely be higher. Most bonding companies offer programs for applicants with lower credit scores, especially for license and permit bonds. The rate may range from 5 to 15% of the bond amount, depending on the risk.
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