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Business License Bond Cost Calculator
Calculate license bond costs by license type and bond amount. Most license bonds cost 1-5% of the bond amount. Select your license type and enter the required bond amount below.
- Who requires it: The state or local licensing authority for your license type.
- Amount: Set by the licensing authority and varies by state and license type.
- Typical cost (estimate): 1-5% of the bond amount per year; a $10,000 bond costs $100-$500. Good credit (680+) is usually at or near 1%, and the minimum premium is usually $100. The surety sets the final price.
- Timing: We submit complete applications to the carrier promptly; most quotes within one business day.
License Bond Cost Calculator
License Bond Cost by Type
Costs shown are annual estimates. Actual rates depend on credit score, experience, and application details.
License Bond Calculator FAQs
How much does a license bond cost?
License bonds typically cost 1-5% of the required bond amount per year. For example, a $10,000 license bond costs between $100 and $500 annually. Applicants with good credit (680+) usually qualify for rates at or near 1%, while those with lower credit scores may pay 3-5%. The minimum premium is usually $100 regardless of the bond amount.
What types of businesses need a license bond?
Many types of businesses require license bonds, including general business license holders, liquor license holders, collection agencies, private investigators, tax preparers, travel agencies, and various professional license holders. Requirements vary by state and municipality. Your local licensing authority will specify the exact bond amount and type required for your business.
What factors affect license bond cost?
The main factors that affect license bond cost are the required bond amount, your personal credit score, years of industry experience, business financial statements, and claims history. The bond amount is set by the licensing authority and varies by state and license type. Good credit is the single biggest factor in getting lower rates -- applicants with scores above 680 typically pay 1-2% of the bond amount.
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Fast quotes available. Most license bonds quoted within one business day. All credit types reviewed.
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