How much are bond premiums?
We understand our clients want the most for their money. At The Wilstead Agency, we have done our very best to keep the premiums as competitive as possible. Being a “bonds only agency” we have develpoped strong relationships and special programs with out surety companies. To help you make an informed decision on the cost of your bond, we have provided a handy Bond Premium Calculator (LINK HERE). In general, commercial bonds through a standard risk market will be between 1% and 5% of the bond amount. Court and legal bond premiums are about the same. For high-risk bonds, the price will range from 10% to 20% of the bond amount. For some bonds there is a minimum charge, regardless of the bond amount. Whatever the case, we offer nationwide competitive rates to satify your bonding needs for the lowest possible price. Contract bonds are priced based on the size of the job to be bonded. Generally, bonds under $500,000 will have a premium of 1% to 3% of the dollar amount of the bond. For jobs o
