What are the various types of business bonds?
License & Permit Bonds. Various government bodies require permits for most businesses to start and to continue in business. To get a permit, among other requirements, the individual or corporation must post a bond that guarantees compliance with the laws, regulations and ordinance relating to that business. License and Permit Bonds fulfill this need. Some examples of bonds that may be required depending on the business activities include: • Sign License bonds • Real Estate Broker bonds • Mortgage Broker bonds • Cigarette Tax bonds • Contractors License bonds • Gasoline Tax bonds • Outdoor Advertising bonds • Private Detective License bonds • Motor Vehicle Dealer bonds • Plumber, Electrician License bonds • Liquor License bonds • Street Obstruction bonds Notary Bonds: Notary Public bonds provide a guarantee that the bonded Notary Public person will faithfully perform the duties as prescribed by their jurisdictional laws. Lost Instrument Bonds: When an individual loses a savings bank boo
