Bonds

A surety bond is a promise that you’ll do what you agreed to do. If you don’t, the bond pays the other party and you repay the surety. Many licenses, permits and contracts require one. Do Right Insurance writes all types of bonds, with fast, free quotes.

Common types of bonds

• License and permit bonds that businesses need to get or keep a license
• Contractor bonds, including bid, performance and payment bonds
• Court bonds, including fiduciary bonds
• Other commercial and surety bonds. If you’ve been asked for a bond, ask us. We write all types.

How a surety bond works

Three parties are involved: you (the principal), the person or agency that requires the bond (the obligee), and the surety company that guarantees your obligation. A bond is not insurance for you. It protects the party that requires it, and if a claim is paid, you are responsible for repaying the surety.

What a bond costs

You pay a premium, which is a percentage of the bond amount. The percentage depends on the type of bond, your credit and, for larger bonds, your financials. Credit is one of the main factors, so if yours isn’t perfect, call us to see what’s possible.

How it works with Do Right

1. Tell us which bond you need and who is asking for it.
2. We get you quotes from our carriers. Quotes are fast and always free.
3. We explain what’s needed to issue the bond, and we help you through it.

Common questions

Do I need a bond to work as a contractor in Utah?

Some licenses, cities and projects require one. It depends on your license type and the job. If a customer or agency has asked for a bond, call us and we’ll sort out exactly what they need.

Is a bond the same as insurance?

No. Insurance protects you. A surety bond protects the party that requires it.

What if I’ve had credit problems?

Credit affects the price. Call us before you assume a bond isn’t possible.

Can you write the bond my customer or agency is asking for?

We write all types of bonds. Send us the requirement and we’ll tell you what to do next.

Get a bond quote

Call 801-352-7100 or request a quote online.