North Carolina Surety Bonds

Many North Carolina Surety Bonds can be purchased online instantly. Search for the bond in the table below to learn more or purchase a bond online quickly and easily.

Common North Carolina
Bond Forms

Common North Carolina Surety Bonds

Contractor License Bonds

North Carolina requires licensed contractors to maintain surety bonds.

Vehicle Title Bonds

North Carolina requires these bonds when ownership of a vehicle cannot be verified.

Car Dealer Bonds

North Carolina requires car dealers to provide bonds to protect purchasers of vehciles from fraud and clean title.

Highway / Road Permit Bonds

North Carolina requires contractors working on public roads to provide bonds.

How Does a North Carolina Surety Bond Work?

A North Carolina 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 North Carolina 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 North Carolina surety bonds, this is the state of North Carolina 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 North Carolina works between a surety, principal and obligee. The North Carolina state seal and an image of Outer Banks at the type.

Should a claim be made on a North Carolina 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. North Carolina 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, North Carolina surety bond claims should be avoided.

Frequently Asked Questions

What is a North Carolina Surety Bond?

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

How Much Does a North Carolina Surety Bond Cost?

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

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

Where to Obtain a North Carolina Surety Bond?

There are many licensed surety bond companies and bond brokers in North Carolina. A broker needs to have a North Carolina 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 North Carolina customers the best terms and conditions. We also have one of the largest selections of online North Carolina surety bonds so that applicants can purchase North Carolina bonds online.

What is Needed to Obtain a Surety Bond in North Carolina?

It depends on the type of surety bond needed in North Carolina. Many North Carolina license and permit bonds can be completed with just an online application. A credit check may or may not be needed. More complicated obligations such as contract bonds may require a financial statement.

How Do You Obtain a North Carolina Surety Bond?

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

Many North Carolina 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 North Carolina Performance Bonds and Payment Bonds may require an application and/or financial information.

What are the Requirements of a North Carolina Surety Bond?

There are many different types of surety bonds required in North Carolina. You can search the table above and click on the "Learn More" button to learn about specific North Carolina 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 You Obtain a North Carolina Surety Bond with Bad Credit?

Many of the North Carolina 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.