Louisiana Surety Bonds

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Required Surety Bonds in Louisiana

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

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Required Surety Bonds in Louisiana

The main surety bond categories are construction and contractor bonds, license and permit bonds, and court bonds.

Louisiana Construction & Contractor Bonds

Louisiana’s version of the federal Miller Act requires contractors entering into public works contracts valued over $25,000 to obtain a surety bond for at least 50% of the contract price. Cities and counties may also mandate bonding for local public works projects. Bid bonds, performance bonds, and payment bonds are the most commonly requested construction and contractor bonds.

Louisiana License & Permit Bonds

Louisiana issues licenses at the state level for some businesses and professionals, such as car dealers, health clubs, and mortgage lenders, brokers, and servicers. Obtaining such licenses typically requires purchasing a license and permit surety bond.

Louisiana Court Bonds

The courts in Louisiana sometimes mandate the purchase of a surety bond by a plaintiff or defendant appealing a prior decision of the court. This occurs most often when a case involves contested property or a large damage award. Also, anyone who will be serving in a fiduciary capacity, such as the executor of an estate or the guardian of a minor, may need to purchase a court bond commonly referred to as a probate bond.

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