Arizona Surety Bond Buy a Surety Bond provides affordable Arizona surety bond and fidelity bond insurance.
Arizona surety bond is prepared on a specific AZ bond form, as prescribed by the entity requiring the bonding (known as the Obligee). Below is a list of surety bond types that are commonly requested in Arizona.
Arizona law requires all Notaries to purchase and maintain a $5,000 Notary surety bond for the duration of their 4-year commission.
The Notary bond protects the public of Arizona against any financial loss due to improper conduct by an Arizona Notary. The bond is NOT insurance protection for Arizona Notaries bond types include Contractor License Bonds, Auto Dealer Bonds , Payment and Performance Bonds, ICC Broker Bonds , Mortgage Broker Bonds.Other types are the notary public bond, real estate lien bond, sales tax bond, utility deposit bond, defective car title bond, process server bond, a corporation, duly authorized and licensedto transact surety business in the State of Arizona, are held and firmly bound unto the Stateof Arizona for the benefit of those persons described in A.R.S. §32-1152,as amended, in the penal sum set forth for theclassification oflicense describe,Performance Bond The performance bond protects the obligee from financial loss should the applicant fail to perform the contract in accordance with the terms and conditions of the contract documents.
Buy a Surety Bonds is a leading provider of Arizona Surety Bonds for applicants with good credit and bad credit. We make the bonding process simple and fast. Request your free, no-obligation online quote today.
Types of Arizona Surety Bonds
Surety bonds in Arizona are of three main types – license and permit bonds, contract bonds, and court bonds. We underwrite all three types of Arizona surety bonds.
License bonds are those bonds which many Arizona businesses need to obtain in order to get their business license. Arizona auto dealers, mortgage and freight brokers, but also contractors, collection agencies and insurance brokers are some of the businesses who need to get bonded.
These bonds are meant to guarantee that licensed businesses will perform business in accordance with Arizona state regulations. In this way, Arizona license bonds serve to protect the public and the state in case that a licensed and bonded business breaks the law.
Contract bonds are those bonds which Arizona contractors need to get when they want to bid on a project in the state of Arizona, or are about to start work on a project. Before they can bid or perform on construction jobs, contractors need to be licensed and have a license bond.
Once they are licensed and bonded, contractors will often be asked to obtain the necessary Arizona contract bonds before they can do any work on a project. These bonds are required for most state and federal projects, yet many private construction project owners also require their contractors to get bonded.
Court bonds are those bonds which a number of Arizona courts may request from individuals before they are granted certain rights or are permitted to appeal a judgment.
For example, fiduciaries will often be required to obtain a fiduciary bond before they can assume the role of guardians or trustees. Appellants may also be required to obtain a bond before their appeal of a judgement is given way.