Payment Bond

What this bond does

A payment bond is a three-party agreement between you (the principal), the party requiring the bond (the obligee), and the surety company that backs it. It guarantees you'll meet your obligations — if you don't, a valid claim can be paid and you repay the surety.

• Required for compliance in most states
• Backed by an A-rated surety carrier
• Digital bond document delivered on issuance

Common questions

How much does it cost? You pay a premium — a small percentage of the bond amount — not the full amount. Your exact rate depends on the bond, state, and your profile.

How fast can I get it? Many bonds are issued the same day. Larger or underwritten bonds may take a little longer.