Wisconsin Surety Bonds

Many Wisconsin Surety Bonds can be purchased instantly at the table below. Simply search, 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.

How Do Wisconsin Surety Bonds Work?

A Wisconsin 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 Wisconsin 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 Wisconsin surety bonds, this is the state of Wisconsin 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 Wisconsin surety bonds work including the relationship between the principal, surety and obligee. The Wisconsin state flag in the upper right corner.

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

Common Wisconsin Surety Bonds

Wisconsin Motor Vehicle Dealer Bonds

Protects Wisconsin buyers from dealer fraud and dishonesty.

Wisconsin Fitness Center Bonds

Protects gym members who prepay gym memberships in Wisconsin.

Wisconsin Vehicle Title Bonds

Wisconsin Title Bonds are needed when ownership of a vehicle cannot be determined.

Wisconsin Notary Bonds

Required for all commissioned notaries in Wisconsin.

Frequently Asked Questions

What is a Wisconsin Surety Bond?

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

How Much Does a Wisconsin Surety Bond Cost?

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

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

Where to Obtain a Surety Bond in Wisconsin

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

How Do You Obtain a Wisconsin Surety Bond?

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

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

What are the Requirements of a Wisconsin Surety Bond?

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

Many of the Wisconsin 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.