New York Surety Bonds

What are the requirements for getting a surety bond in New York?

There are a number of reasons one may require a surety bond in the state of New York. A construction project may require a Performance or Bid Bond. Used car dealers and mortgage loan originators must purchase a bond to get their license. Whatever surety bond obligation you need to fulfil, our team at Surety Solutions, A Gallagher can assist you with custom quotes from top surety companies. Get your quotes by selecting the bond type and amount you need using the dropdown below.

If you don’t see the bond type you need, send us a message.

See our Google reviews from our clients:

What is the bond amount?

If you are unsure of what amount or type to enter for your bond, we recommend contacting the obligee to verify this information. The obligee is the entity requiring you to secure a surety bond. The best method to ensure you have the correct information for your bond, is to request a copy of the bond form from the obligee. By applying for the wrong bond type or amount, you risk having your bond rejected.

Below is a list of common surety bond types required in the state of New York.

New York state surety bond requirements:

If you need to register your vehicle, but don’t have the title, your local DMV may advise you to get a surety bond for a bonded title. But, you must first confirm your vehicle is eligible for a bonded title with the DMV before you purchase the surety bond. The bond amount is to be set at 1.5 times the value of your vehicle. Fortunately, the cost of the bond is significantly less than the bond amount.

More on Certificate of Title Bonds…

Professional contractors are required to have a license to perform work in the state of New York. Most types of contractor licenses list securing a surety bond as a requirement. The bond is your guarantee that you’ll honor all rules and regulations set by the state and conduct your business ethically. Please verify with the New York Department of Consumer and Worker Protection to verify if you must have a surety bond to be licensed.

More on Contractor License & Permit Bonds…

Contract Bonds in the form of Performance, Bid, Maintenance, Warranty or Payment Bonds is a common requirement for construction projects in New York. There is a large amount of money involved with these types of projects and the states need to ensure they don’t lose out on this money if the contractors don’t fulfil their contractual agreements.

More on Contract Bonds…

New a quote for a court-ordered surety bond? We can help! Court Bonds fall under two categories: Fiduciary Bonds (Guardianship, Probate and Trustee Bonds) and Judicial Bonds (Attachment, Indemnity to Sheriff, Injunction and Replevin Bonds).

 More on Court Bonds…

Select the type of coverage you need.

  • Business Service / Janitorial Bond: Provide coverage for your client in the event an employee steals.

  • Employee Dishonesty Bond: Often referred as a “Commercial Crime Fidelity Policy”, this bond serves as protection for you and your business if your employee steals.
  • ERISA Bond: Administrators of employee benefit and pension plans are required by the U.S. Department of Labor (DOL) to purchase an ERISA Fidelity Bond. This bond provides protection to the beneficiaries of the plan in the event funds are mishandled by the administrator.

More on Fidelity Bonds….

The New York Department of Financial Services requires mortgage loan originators to purchase a surety bond to receive their licenses. Depending on the aggregate dollar amount of loan you originate, the bond amount you need will range between $10,000 and $100,000. This bond safeguards your clients in case you operate fraudulently or unethically.

More on Mortgage Bonds…

As instructed by the NY DMV, you must purchase a surety bond to sell new and used vehicles. This bond requirement ensures your customers are financially covered if you perform dishonest business practices.

More on Motor Vehicle Dealer Bonds…

Need a different bond type?

We offer thousands of bond types on our online surety platform. Just type the bond type or keywords related to the bond type on the dropdown menu above. If you need help or don’t see the type of bond you need, send us an email at or call (866) 722-9239.

What do I have to pay?

We offer many bond types starting as low as $100. However, the cost of the bond depends on the bond’s purpose and amount. A larger bond amount generally requires more in premium due, since the risk involved is greater.

Your credit score might also factor into the cost. Fortunately, we run a soft-pull on your credit so your credit score isn’t adversely affected. An applicant with good credit generally receives quotes in the range of 1%-3% of the bond amount.

Can I qualify for a bond with bad credit?

Having bad credit doesn’t atomically disqualify you of approval. But, do note that non-standard credit rates can be as high as 5%-15% of the bond amount, if approved.

If the bond type you apply for doesn’t require a credit check, your credit score will not affect your bond quote.

Apply for your free, no-obligation surety bond quote, today!

Where can I apply for a surety bond?

At Surety Solutions, A Gallagher Company, we make the process of getting a surety bond fast and simple. Most bond types are instantly quoted and can be downloaded after you purchase.

We issue bonds nationwide, including the state of New York.

Get quotes for your bond now. Have a question? Contact our surety experts at or call (866) 722-9239. We look forward to issuing your bond.

Back To Top