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Calculate Your Warehouse Surety Bond Cost
Warehouse operators must obtain a surety bond based on the value of goods stored. Calculate your annual premium quickly.
- Who requires it: USDA or the state, depending on the warehouse and the goods stored.
- Amount: Based on the value of the goods stored.
- Typical cost (estimate): 0.5% to 3% of the bond amount per year; a $100,000 bond costs $500-$3,000. The surety sets the final price.
- Timing: We submit complete applications to the carrier promptly; most quotes within one business day.
Warehouse Bond Cost Calculator
Warehouse Bond Cost Examples
Warehouse Bond Calculator FAQs
How much does a warehouse bond cost?
Warehouse bonds cost 0.5% to 3% of the bond amount annually. The bond amount is based on the value of goods stored at your facility. A $100,000 warehouse bond costs $500-$3,000 per year. Rates depend on your credit score, financial strength, and warehouse operations history.
What is a warehouse bond?
A warehouse bond is a surety bond that protects customers who store goods in your warehouse facility. It guarantees that the warehouse operator will fulfill their obligations, including properly storing and returning goods. If the operator fails, the bond provides financial compensation to affected depositors.
Who needs a warehouse bond?
Warehouse operators, public storage facilities, grain elevators, cold storage operators, and any business that stores goods for others may need a warehouse bond. Many states require warehouse bonds for licensing. The bond amount is typically based on the maximum value of goods stored at any given time.