Massachusetts Surety Bonds
Surety Bond Professionals is a family owned and operated bonding agency with over 30 years of experience. Headquartered in Natick, MA, our expert agents are ready to assist with all of your Massachusetts surety bond needs.
Continue reading below to learn more about common Massachusetts bonding requirements, or use our online form to request a quote now.
Massachusetts Construction Bond Requirements
Contractors are generally required to obtain a contractor license bond as part of the process of becoming licensed by the Massachusetts State Board of Building Regulations and Standards. Contractors are also typically required to purchase other types of construction surety bonds in order to bid, win, or work on public works projects.
Required bonds for your project may include bid bonds, performance and payment bonds, supply bonds, and others. In Massachusetts, these bond requirements are established by various municipalities rather than at the state level. The bonds guarantee that the contractor will comply with all applicable rules, regulations, and standards and will fulfill all of their contractual obligations.
At Surety Bond Professionals, construction surety is our specialty. Our knowledgeable agents are on standby to help with all of your bonding needs.
Massachusetts License & Permit Bonds
License bonds are required as a condition for obtaining or renewing a license to operate certain kinds of businesses in the state of Massachusetts. They protect state agencies, municipalities and consumers from unethical or unlawful acts of licensed professionals. These bonds are the purchaser’s pledge to operate in a lawful and ethical manner.
Certain bonds are mandated at the state level by the agencies that issue licenses to operate specific types of businesses, such as:
- Private occupational schools that train drivers, cosmetologists, or real estate agents and brokers
- Mortgage brokers, lenders, and originators, money transmitters, debt collectors, etc.
- Health clubs, employment agencies, liquor stores, auto repair shops, auctioneers, public warehouses, and more
- Home improvement contractors, construction supervisors, and specialty contractors such as electricians and plumbers
Massachusetts Court Bonds
Court bonds are typically required as a way to ensure that people appealing cases at any level of the Massachusetts court system pay court-ordered damages, court costs, and legal fees in the event that they lose their appeal. Courts may also require bonds from estate executors, guardians, or conservators to ensure that they fulfill their duties honestly and ethically, in accordance with the law and the rules of the court.
Our experienced professionals will gladly answer any questions you may have about Massachusetts surety bonds to help you get the bonds you need. Request a quote today!