Delaware Surety Bonds

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Required Surety Bonds in Delaware

Typical Delaware bonds include (click on any for more info):

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Required Surety Bonds in Delaware

Delaware surety bonds, like those issued in all other states, fall into one of three broad categories: construction and contractor bonds, license and permit bonds, or court bonds.

Delaware Construction & Contractor Bonds

The state of Delaware and some municipalities require contractors to purchase certain types of surety bonds in order to bid on or be awarded public works projects over a certain value. Bid bonds, performance bonds, and payment bonds are the ones most commonly required.

Delaware License & Permit Bonds

Delaware requires statewide licensing of certain types of businesses, and purchasing a surety bond is often one step in the licensing process. Licensing and/or permitting is also required at the local level in some municipalities, which also may involve purchasing a surety bond. A license and permit surety bond guarantees that the bonded business will operate in in a completely lawful and ethical manner.

Delaware Court Bonds

Courts at any level in the Delaware judicial system can require surety bonds from people involved in certain legal proceedings. For example, plaintiffs and defendants appealing a court decision, particularly in cases involving contested property or large damage awards. Court bonds also may be required from people named to serve in a fiduciary capacity and manage funds belonging to another, such as the executor of an estate or guardian of a minor.

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