Permit License Miscellaneous Bond

Permit bonds, which are also referred to as license bonds or miscellaneous bonds, are mandated by various federal, state, city, and local municipalities.
Key Highlights
- These bonds protect the governing agency and the general public against wrongdoing by the bonded individual or entity.
- In order for an individual or business to perform a particular activity, occupation, or obtain a professional designation, they may be required to post a bond for issuance of a license or permit.
- Acts of fraud, misrepresentation, and theft are typical actions where monetary claims can be made against the bond.
How do I purchase a permit license/miscellaneous bond?
NFP, the nation's largest and most reliable surety company, is authorized to issue permit license/miscellaneous bonds in each of the 50 states. 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.
Permit License Miscellaneous Bond FAQs
Permit bonds, which are also referred to as license bonds or miscellaneous bonds, are mandated by various federal, state, city, and local municipalities. In order for an individual or business to perform a particular activity, occupation, or obtain a professional designation, they may be required to post a bond for issuance of a license or permit. License bonds protect the governing agency and the general public against wrongdoing by the bonded individual or entity. They ensure that the principal of the bond will comply with all applicable laws and regulations governing the designation or activity in which they are engaged. Acts of fraud, misrepresentation, and theft are typical actions where monetary claims can be made against the bond.
A permit license miscellaneous bond is typically required by a wide range of professionals and businesses to ensure compliance with laws and regulations, including:
- Contractors and Construction Professionals
- Auto Dealers
- Freight Brokers
- Collection Agencies
- Retailers and Service Providers
- Special Event Organizers
- Importers/Exporters and Customs Brokers
The cost of a permit license miscellaneous bond typically depends on the required bond amount and the applicant’s financial profile. The premium range is typically between 1 and 10% of the total bond amount, while the applicant's credit score, business experience, and the bond type and risk level also affect the cost.
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