Where Can I Get Federal Bonds?
You can get federal bonds through approved surety companies that are authorized by the U.S. Department of the Treasury. These bonds are typically required when dealing with federal contracts, licenses, or obligations. The process is slightly different from state or private bonds because it must comply with federal regulations and be issued by a listed surety company.
Where to Get Federal Bonds
There are three main ways to obtain a federal bond…
- Approved Surety Companies – The U.S. Department of the Treasury maintains a list of companies authorized to issue federal bonds. These companies are listed in “Circular 570” and are approved to write or reinsure federal obligations.
- Online Surety Bond Brokers – Many online services specialize in federal surety bonds, offering quick applications, quotes, and access to Treasury-listed companies.
- Bond Agents and Insurance Providers – Licensed agents or brokers familiar with federal contracts can help you secure the right bond based on your specific need (construction, customs, freight, etc.).
Types of Federal Bonds
The kind of federal bond you need depends on the federal agency and your business or legal obligations. Common types include…
- Performance Bonds – For federal construction contracts under the Miller Act
- Payment Bonds – To guarantee subcontractors and suppliers are paid
- Customs Bonds – Required by U.S. Customs for importers
- Freight Broker Bonds (BMC-84) – Required by the FMCSA for transportation brokers
- Fiduciary Bonds – For guardians, administrators, or other court-appointed roles under federal jurisdiction
Cost & Requirements
Federal bonds are not free. You must pay a premium based on some factors…
- Bond amount required by the agency
- Your personal or business credit score
- Financial strength and past performance
- Type and risk level of the bond
Premiums are typically 1% to 15% of the total bond amount. You may also need to provide documentation, business information, and sometimes collateral for high-risk bonds.
You can obtain a federal bond from a Treasury-approved surety company, an online bond broker, or a licensed bond agent. Be sure to determine the specific type of bond required by the federal agency, and prepare your financial information for underwriting. The bond must be issued by a listed surety and submitted to the appropriate government office to satisfy your legal or contractual obligations.
Why Would Someone Not Be Eligible For Bail?
What Does “No Bond” Mean In Kansas?
What Happens If Nobody Bails You Out Of Jail?
