Oregon
All types. All states. The very best solutions for your surety bond needs.
An Oregon surety bond is a kind of contract agreement between three central parties: a principal, an obligee, and a surety company.
The obligee is an individual or an organization requiring the principal to be bonded in order to be eligible to do a job it is offering. Some of the most common obligees in this model are government organizations.
The principal in a bond agreement is the actual contractor who will be doing the work, and is being required by the obligee to purchase the bond as a guarantee of work performance. The surety company in this scenario is a financing company that sells the bond to a principal and acts as a guarantor in the event that any claim is made against the bond. The company would have to pay some amount if a claim were to be made, and would later seek reimbursement from the principal who failed to live up to the agreement.
Our team makes it easy to get bonded quickly, no matter which type of bond you need.
Common Oregon Surety Bonds
An Oregon surety bond is a kind of contract agreement between three central parties: a principal, an obligee, and a surety company.
The obligee is an individual or an organization requiring the principal to be bonded in order to be eligible to do a job it is offering. Some of the most common obligees in this model are government organizations.
The principal in a bond agreement is the actual contractor who will be doing the work, and is being required by the obligee to purchase the bond as a guarantee of work performance. The surety company in this scenario is a financing company that sells the bond to a principal and acts as a guarantor in the event that any claim is made against the bond. The company would have to pay some amount if a claim were to be made, and would later seek reimbursement from the principal who failed to live up to the agreement.
Our team makes it easy to get bonded quickly, no matter which type of bond you need.
Common Oregon Surety Bonds
Oregon Contractors Bond
Auto Dealer Bond
School Bond
Insurance Adjuster Bond
Money Transmitter Bond
Certificate of Title Bond
How do I purchase an Oregon surety bond?
NFP, the nation's largest and most reliable surety company, is authorized to issue many different types of surety bonds in Oregon. 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.
Oregon Surety Bond FAQs
In Oregon, surety bonds are required for several professions, including construction contractors, auto dealers, notaries, collection agencies, and mortgage professionals. These bonds help ensure compliance with state laws and protect the public from financial harm due to misconduct or nonperformance.
The Oregon Construction Contractors Board (CCB) requires contractors to post an Oregon contractors bond as part of the licensing process. The bond amount ranges from $10,000 to $75,000 based on the contractor’s license type and work history. It serves as a financial guarantee for consumers if the contractor violates licensing laws or fails to complete a job properly.
If a claim is made against your bond and it’s found valid, the surety company will pay the claimant up to the bond’s full amount. However, you are then responsible for repaying that amount to the surety. A paid claim can also impact your ability to renew your bond or license in the future.
Yes. Surety bond premiums in Oregon are often based on credit and industry experience. By improving your credit score, maintaining a clean claims record, and demonstrating business reliability, you may qualify for lower premiums when your bond is up for renewal.
Why Get Bonded Through NFP?
Fast and Easy
All Types. All States.
Surety Bond Experts
Strong Relationships
Pricing Flexibility
Explore All Surety Bonds
Browse all of our surety bonds below or connect with the expertise and guidance of one of our surety bond specialists.
Featured Bonds
Additional Commercial Surety Bonds
Featured Bonds
Additional Construction Surety Bonds
Featured Bonds
Additional License and Permit Surety Bonds
Explore All Surety Bonds
Browse all of our surety bonds below or connect with the expertise and guidance of one of our surety bond specialists.
Commerical Surety Bonds
Construction Surety Bonds
License and Permit Surety Bonds
Can't find the surety bond you need? We’ve got you covered!
Fill out the form below and our team will reach out to provide expert guidance for your business or project.