New Hampshire Surety Bonds
Surety Bond Professionals has been meeting the bonding needs of clients nationwide for more than 30 years. Our experienced and knowledgeable agents are ready to help with any New Hampshire surety bonds you may need.
Continue reading below to learn more about common New Hampshire bonding requirements, or use our online form to request a quote now.
Required Surety Bonds in New Hampshire
Most of the surety bonds issued in New Hampshire fall into one of three broad categories: construction and contractor bonds, license and permit bonds, and court bonds. Although there are other types of surety bonds, these are the ones that are most commonly needed.
New Hampshire Construction Bonds
New Hampshire has its own version of the federal Miller Act, which sets certain bond requirements for contractors working on federal projects valued at more than $100,000. New Hampshire’s “Little Miller Act” applies to state-funded public works projects valued at $25,000 or more. It requires contractors to post both payment and performance bonds, each in the full amount of the contract value:
- A performance bond ensures that the contractor fulfills all contractual obligations ethically and in compliance with the law. These bonds provide financial protection for the state and for New Hampshire consumers and taxpayers. Learn more.
- A payment bond is the contractor’s guarantee to pay suppliers, subcontractors, and laborers in a timely manner, in compliance with the terms of the contract. Learn more.
In addition to the state and federal requirements, municipalities and some private project owners may also require bonds for large projects.
New Hampshire License & Permit Bonds
In New Hampshire, certain professionals and businesses must be licensed by the state in order to operate legally. Purchasing a license and permit bond is often a requirement for obtaining or renewing a business license in the state. The bond protects the state and consumers against financial loss due to the unlawful or unethical conduct of the licensee.
Common businesses subject to this licensing and bonding requirement include:
If you’re unsure whether or not you need a license bond, contact an agent, who will be happy to walk you through your bonding requirements.
New Hampshire Court Bonds
Common bonds required in New Hampshire courts include:
- Appeal bonds, which ensure the return of property or payment of court-ordered damages, court costs, and legal fees by the losing party.
- Fiduciary bonds, which guarantee that court-appointed guardians, custodians, estate executors, bankruptcy trustees and others with fiduciary control over the funds and property of others fulfill their duties in accordance with the law and the rules of the court.
Our experienced professionals will gladly answer any questions you may have about New Hampshire surety bonds to help you get the bonds you need. Request a quote today!