Surety Bonds in Dallas
Contract bonds, license bonds, and performance bonds for Dallas contractors, auto dealers, and businesses that need bonding for licenses or contracts.
What Surety Bonds Cover
A surety bond is a three-party agreement guaranteeing you'll fulfill an obligation. If you don't, the bond pays the injured party. Unlike insurance (which protects you), bonds protect the party requiring the bond — and you're responsible for reimbursing the surety company.
Common Bonds for Dallas Businesses
Contractors: performance and payment bonds for public and large private projects. Auto dealers: TxDMV requires a $25,000 motor vehicle dealer bond. Various businesses: license and permit bonds required by city, county, or state agencies.
What Surety Bonds Cost in Dallas
License bonds: $250 to $500/year for most. Contract bonds: 1-3% of the contract value. TxDMV dealer bond ($25K): $250 to $750/year. Key factors: credit score, financial statements, and bond amount.
"Needed a $500K performance bond for a city project on short notice. Our agent had it done in two business days. Other agents said it would take weeks."
Frequently Asked Questions
Still have questions? Call us at (214) 555-0100 or request a free quote.
No. Insurance protects you. A bond protects the party requiring the bond (the obligee). If a claim is paid, you owe the surety company back.
Most license bonds: same day. Contract bonds under $500K: 1-3 business days. Larger contract bonds: 5-10 business days depending on financials.
Credit is a factor, but we have markets for all credit levels. Higher credit = lower premiums. We can place bonds even with credit challenges.
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