South Carolina Surety Bonds

Many South Carolina Surety Bonds can be purchased online instantly. Search the table below to learn more or purchase a bond in minutes.

How South Carolina Surety Bonds Work

A South 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 South 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 South Carolina surety bonds, this is the state of South 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.

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

Frequently Asked Questions

What is a South Carolina Surety Bond?

South Carolina Surety Bonds are three party agreement between the applicant (principal), surety bond company (surety) and the obligee (often the state of South Carolina). South 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 South Carolina Surety Bond Cost?

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

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

Where to Obtain a Surety Bond in South Carolina?

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

How Do You Obtain a South Carolina Surety Bond?

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

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

What are the Requirements of a South Carolina Surety Bond?

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

Can You Get a South Carolina Surety Bond with Bad Credit?

Many of the South 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.