New Jersey Surety Bonds
With over 30 years of experience, Surety Bond Professionals is a family owned and operated bonding agency. Our expert agents will gladly assist with all of your New Jersey surety bond needs. Learn more about New Jersey bonding requirements below, or use our convenient online form to request a quote today.
Continue reading below to learn more about common New Jersey bonding requirements, or use our online form to request a quote now.
Required Surety Bonds in New Jersey
Typical New Jersey bonds include (click on any for more info):| Surety Bond | Obligee | Bond Amount | |
|---|---|---|---|
| Alcohol Bonds | Various State Entities | Varies | Apply Now |
| Appeal/Supersedeas Bonds | Various Courts | Varies | Apply Now |
| Attachment Bonds | Various Courts | Varies | Apply Now |
| Auto Dealer Bonds | NJ Motor Vehicle Commission (MVC) | $10,000 | Apply Now |
| Bid Bonds | Project Owner or GC requiring bonds | Varies | Apply Now |
| Collection Agency Bonds | NJ Dept. of Treasury, Division of Revenue | $5,000 | Apply Now |
| Construction Bonds | Varies | Varies | Apply Now |
| Contractor License Bonds | Various State/Municipal Entities | Varies | Apply Now |
| Court Bonds | Various Courts | Varies | Apply Now |
| Cryptocurrency Bonds | Various State Entities | Varies | Apply Now |
| DMEPOS Bonds | Centers for Medicare and Medicaid Services (CMS) | $50,000 | Apply Now |
| Encroachment Bonds | Various State Highway Department | Varies | Apply Now |
| ERISA Bonds | Fund Beneficiaries | Often ~ $1,000,000 but may vary | Apply Now |
| Express Script Bonds | Express Scripts (required on a federal level) | $500,000 | Apply Now |
| Fidelity Bonds | Employer | Varies | Apply Now |
| Freight Broker Bonds (BMC-84 Bonds) | Federal Motor Carrier Safety Administration (FMCSA) | $75,000 | Apply Now |
| Health Club Bonds | The State in which the Health Club operates | $50,000 | Apply Now |
| Janitorial/Cleaning Service Bonds | Varies | Varies | Apply Now |
| License & Permit Bonds | Varies | Varies | Apply Now |
| Lost Instrument Bonds | Typically runs to the Transfer Agent | Varies | Apply Now |
| Lottery Bonds | Various Lottery Commissions | Varies | Apply Now |
| Maintenance Bonds | Project Owner or Municipality | Varies | Apply Now |
| Marijuana Bonds | Various State Entities | Varies | Apply Now |
| Mechanic's Lien Bonds | Typically the Local/State Registry of Deeds | Varies | Apply Now |
| Money Transmitter Bonds | Various State Entities | Varies by State | Apply Now |
| Mortgage Broker Bonds | Bank Commissioner, Banking Dept. | $50,000 | Apply Now |
| Notary Public Bonds | Various Secretary of States | $500 - $25,000 | Apply Now |
| Paid Family Medical Leave (PFML) Bonds | Various State Entities | Varies | Apply Now |
| Performance & Payment Bonds | Project Owner or GC requiring bonds | Varies | Apply Now |
| Probate & Fiduciary Bonds | Various Courts | Varies | Apply Now |
| Reclamation Bonds | Various Government Entities | Varies | Apply Now |
| School Bus Contractor Bonds | Town or Local Authority | Varies | Apply Now |
| Solar Decommissioning Bonds | Typically Town/City/State | Varies | Apply Now |
| Subdivision/Site Improvement Bonds | Various Municipal Entities | Varies | Apply Now |
| Supply Bonds | Project Owner or GC requiring bonds | Varies | Apply Now |
| Title Bonds | State's DMV | Varies | Apply Now |
| Tobacco Bonds | NJ Department of Treasury, Division of Taxation | $6,000 | Apply Now |
| Utility Bonds | Utility Company | Varies | Apply Now |
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Required Surety Bonds in New Jersey
The categories of surety bonds most commonly required in New Jersey are contractor and construction bonds, license and permit bonds, and court bonds. Though there are others, these types of bonds are the ones that are most commonly needed.New Jersey Construction Bond Requirements
In New Jersey, most contractor and construction bonds are required at the municipal or county level, not at the state level. Exceptions to this include the license and permit bonds required as part of the licensing of HVAC and electrical contractors. Local governments typically require contractors to obtain surety bonds in order to bid on, win, or work on public works projects within the jurisdiction. These include bid bonds, performance and payment bonds, and supply bonds. These bonds provide financial protection for project owners and taxpayers by ensuring that contractors abide by the terms of their contracts and comply with all applicable regulations. Construction surety is our specialty, and our experienced professionals stand ready to help you obtain any bonds you may need.New Jersey License Bonds
The state of New Jersey and some municipalities regulate certain professions and types of businesses by requiring them to be licensed to operate in the state. Typically, a license surety bond is required as part of the licensing process. Proof of bonding must be submitted along with the license application, and the bond generally must be renewed when the license itself is renewed. License and permit bonds provide protection for the state or municipality and for consumers. They obligate the bonded individuals to do business honestly and ethically, in accordance with applicable laws and regulations. Here are a few of the state entities that impose license and permit bond requirements in New Jersey:- The Division of Motor Vehicles, Dealer Licensing Bureau imposes a bonding requirement on applicants for licensing as dealers of new or used motor vehicles.
- The Board of Examiners of Electrical Contractors requires electricians to purchase a New Jersey Electrical Contractors bond when they apply for licensing.
- The New Jersey Division of Consumer Affairs requires licensing and bonding for a number of occupations and businesses, including employment agencies, alarm and locksmith companies, home health care agencies, and professional fundraisers.
New Jersey Court Bonds
There are two main types of court bonds that may be required in New Jersey:- Appeal bonds provide assurance that court-ordered damages, court costs, and legal fees will be paid by the losing party to the winning party in an appellate case.
- Fiduciary bonds guarantee that individuals appointed by the court to serve in a fiduciary capacity, such as the executor of an estate or guardian of a minor, will act honestly and responsibly in carrying out their duties.
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Our experienced professionals will gladly answer any questions you may have about New Jersey surety bonds to help you get the bonds you need. Request a quote today!