New Jersey Surety Bonds

Many New Jersey Surety Bonds can be purchased instantly below. Simply search the tabel, 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 New Jersey Surety Bonds

Health Club Bonds

New Jersey requires these bonds to protect prepaid membership at health clubs.

Used Car Dealer Bonds

Required for some used car dealers to protect customers from fraud.

New Jersey E-Z Pass Bonds

Guarantees the payment of tolls for some companies.

Fuel Tax Bonds

Guarantees the payment of fuel taxes for certain parties selling fuel.

How Do New Jersey Surety Bonds Work?

A New Jersey 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 New Jersey 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 New Jersey bonds, this is the state of New Jersey 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 graphic shows how New Jersey Bonds work. At the top, an image of the New Jersey state flag and the state itself.

Should a claim be made on a New Jersey 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. New Jersey 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, New Jersey surety bond claims should be avoided at all costs.

Frequently Asked Questions

What is a New Jersey Surety Bond?

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

How Much Does a New Jersey Surety Bond Cost?

The cost of a New Jersey surety bond depends on the type of obligation being guaranteed. Most applicants will pay between 1% - 3% for New Jersey Surety Bonds.

Most license and permit bonds will cost 1% or less per year. New Jersey contract bonds may cost 0.5% - 3%, depending on the qualifications of the applicant.

Surety Bond Companies in Massachusetts

There are many licensed surety bond companies and bond brokers in New Jersey. A broker needs to have a New Jersey property and casualty license to sell surety bonds in the state. While many brokers have such licenses, customer should pick those that specialize in surety bonds.

Axcess Surety works with many of the largest bond companies in the country to get New Jersey customers the best terms and conditions. We also have one of the largest selections of online New Jersey surety bonds so that applicants can purchase New Jersey bonds online.

How to Obtain New Jersey Surety Bonds?

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

Many New Jersey 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 New Jersey Performance Bonds and Payment Bonds may require an application and/or financial information.

What are the Requirements of a New Jersey Surety Bond?

There are many different types of surety bonds required in New Jersey. You can search the table above and click on the "Learn More" button to learn about specific New Jersey 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.

Can I Obtain a New Jersey Surety Bond with Bad Credit?

Many of the New Jersey 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.

Find many New Jersey Surety Bond Forms here.