What are license and permit bonds?
License and Permit Bonds are a broad category of commercial surety bonds. Most states, and many municipalities have individual licensing requirements for many different types of businesses including contractors, restaurants, insurance adjusters, etc. These bonds guarantee that the licensee will comply with all the requirements of that state or municipality. These license bonds protect the general public by giving the consumer, the state or the municipality the ability to file a claim against the license bond if the licensee does not uphold their duties.
