Pennsylvania Surety Bonds

Many Pennsylvania Surety Bonds can be purchased instantly below. Simply search the table, enter the information and print your bond instantly. You may also contact us anytime at 913-318-4955 if you have questions or need assistance.

Common Pennsylvania Surety Bonds

Money Transmitter Bonds

Pennsylvania Money Transmitter Bonds guarantee monies held will be available.

Pennsylvania Notary Bonds

Pennsylvania requires commissioned notaries to post a notary bond.

Health Club Bonds

Protects Pennsylvanians who have prepaid gym memberships.

Overweight Bonds

Pennsylvania requires vehicles over a certain weight to purchase surety bonds.

How Pennsylvania Surety Bonds Work

A Pennsylvania Surety Bond is a three-party agreement between a principal, an obligee and a surety bond company. The principal is the party who is responsible for the bond obligation. This is typically a Pennsylvania individual or company who needs a license, permit, or other guarantee running to the state. The party receiving the benefit of the bond is the Obligee. For many Pennsylvania surety bonds, this is the state of Pennsylvania or one of their departments. The Surety is a third-party bond company that is providing a financial guarantee of the principal's obligation on the bond. Should the principal default on their obligation, a party can make a claim against the bond.

This chart shows how a Pennsylvania surety bond works including the relationship between the principal, surety and obligee. A Pennyslvania seal up top along with an image of the Liberty Bell.

Should a claim be made on a Pennsylvania surety bond, the Surety will investigate the claim. If they are required to pay the claim, they may seek reimbursement from the principal under the indemnity agreement. Pennsylvania surety bonds provide a lot of value by allowing a damaged party to collect from a Surety without having to go through what could be a costly procedure of collecting from the principal. As a principal, Pennsylvania surety bond claims should be avoided.

Frequently Asked Questions

What is a Surety Bond Pennsylvania?

Pennsylvania Surety Bonds are three party agreement between the applicant (principal), surety bond company (surety) and the obligee (often the state of Pennsylvania). Pennsylvania has many surety bond requirements, including for many state issued licenses, court filings, probate proceedings, notaries and public construction projects.

How Do You Obtain a Pennsylvania Surety Bond?

Many Pennsylvania surety bonds can be purchased online. Axcess Surety has one of the largest selections of online Pennsylvania surety bonds in the country. Many do not even require a credit check.

Many Pennsylvania license and permit bonds, notary bonds and even probate bonds can be purchased online with a simple application and/or credit check. More complex surety bonds such as Pennsylvania Performance Bonds and Payment Bonds may require an application and/or financial information.

What are the Pennsylvania Surety Bond Requirements?

There are many different types of surety bonds required in Pennsylvania. You can search the table above and click on the "Learn More" button to learn about specific Pennsylvania surety bond requirements. The state also generally provides bond requirements with various licensing and contract paperwork.

You may also contact the bond experts at Axcess Surety anytime for assistance

What Does a Pennsylvania Surety Bond Cost?

The cost of a Pennsylvania surety bonds depend on the type of obligation being guaranteed. Most applicants will pay between 1% - 3% for Pennsylvania Surety Bonds.

Most license and permit bonds will cost 1% or less per year. Pennsylvania contract bonds, such as Performance Bonds and Payment Bonds may cost 0.5% - 3%, depending on the qualifications of the applicant.

Can I Obtain a Pennsylvania Surety Bond with Bad Credit?

Many of the Pennsylvania Surety Bonds at Axcess Surety do not require a credit check and can be purchased by anyone. For bonds that do need a credit check, we partner with many of the nation's leading surety bond companies. Our surety experts can find a solution most almost any applicant.

Where Can You Obtain a Pennsylvania Surety Bond?

Axcess Surety has a large online selection of Pennsylvania surety bonds that can be purchased directly. We are licensed in the state and can help with any surety bond need. Any property and casualty licensed broker that is licensed in Pennsylvania can sell surety bonds. However, it is best to work with a broker that has expertise in bonding.

Many common Pennsylvania Surety Bond Forms can be found here.