Surety Bond Quotes

Get surety bond quotes with Spot

Bring the exact bond requirement to your Spot team, and we prepare the request brokers use to get your surety bond quoted.

Get quotes from 25+ surety bond providers

  • The exact bond form and obligation identified first
  • Contract and license bonds handled as different requests
  • Keep your broker or switch, with no commissions on premiums
A road contractor talks with a city inspector beside an excavator on a public job.

How it works

Send the bond requirement

Share the contract, license or permit that calls for the bond. Your Spot team finds the exact form and amount it names.

Surety bonds

Alder Builders · Policy review

Policy wording
Coverage limits
Compare with
Contract requirements

Confirm with your broker

Limits, exclusions, and endorsements

Say who the parties are

We identify you as principal, who the obligee is and what obligation the bond guarantees, so the right kind of bond is requested.

Alder BuildersOrganized by Spot

Brokers take it to market

We work with brokers to request the bond from sureties that write it, and follow up on what they need from your business.

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MorganAlder Builders

What do we need to request surety bonds quotes?

RileySpot

Let’s prepare the information for your broker and compare the terms, not just the price.

Check the bond fits the requirement

Before you accept, compare the proposed bond with the form and amount the obligee requires.

Insurance documents

Quote request

Surety bonds

Coverage limits · Policy terms

Alder Builders

What you’ll need

  • 01

    The bond form and amount required

    The exact form and penal amount named in the contract, license or permit.

  • 02

    Who requires it

    The obligee: the customer, city, agency or other party the bond protects.

  • 03

    What obligation is guaranteed

    Whether it’s a bid, performance, payment, license or permit obligation.

  • 04

    Contract bond or commercial bond

    Contract bonds guarantee a specific contract; commercial bonds address legal or regulatory obligations such as licenses.

  • 05

    Your business details

    Your legal name, ownership and what the business does, as the principal on the bond.

  • 06

    The contract or project

    For a contract bond, the scope, value and timeline of the work.

  • 07

    Your financial information

    What the surety asks for to decide whether to stand behind your obligation.

What affects your price

  • 01

    Type of bond

    Bid, performance, payment and license bonds are different products with different pricing.

  • 02

    Bond amount

    A larger amount generally means a larger premium.

  • 03

    Your financial profile

    The surety is guaranteeing your obligation, so your financial strength matters.

  • 04

    Your experience

    A record of finishing similar obligations is part of how a surety judges you.

  • 05

    Project or obligation

    What you are promising to do, and for how long, shapes the risk.

Providers your broker can approach

Get quotes from 25+ surety bond providers.

  • Aon
  • Berkshire Hathaway Specialty Insurance
  • Chubb
  • CNA
  • Coverdash
  • Embroker
  • Gallagher
  • And many more

Common questions

Is a surety bond insurance for my own losses?

No. A bond protects the obligee if you don’t meet the bonded obligation. It doesn’t replace your own liability or property insurance.

What is the difference between performance and payment bonds?

A performance bond guarantees completion of the work. A payment bond concerns suppliers and subcontractors. The contract tells you which the customer needs.

Is a bond the same as fidelity coverage?

No. Fidelity concerns loss from dishonest acts, while a surety bond guarantees an obligation to another party.

Do I need a surety broker?

Brokers request bonds from sureties. Spot works with yours or helps you find one, and takes no commissions on premiums.

Get insurance off your to-do list.

Bring the exact bond requirement to your Spot team, and we prepare the request brokers use to get your surety bond quoted.

Get Started