Frequently Asked Questions

Contact us if you have any additional questions

What are surety bonds?
In its simplest form, a surety bond is a third-party guarantee. A Bond is a written agreement that guarantees the performance and/or payment of a contractor’s obligations, as outlined under a specific contract. There are many bonds that fall under the “Surety Bond” umbrella. To learn more about each, click here or call our team!

Why use a surety bond?
A Surety Bond is a tool designed to prevent loss and protect the owner of a project should a loss occur.

How much does a bond cost in Louisiana?
Surety bonds generally cost between 1-3% of the required bond amount. The rate is normally determined by the amount of information available, the quality of that information, and the financial strength and experience of the company.

Who pays for surety?
Surety bonds are specific to each individual project, not blanket coverage like an insurance policy. Given this difference, the bond premium is included the price paid to the contractor from the owner.

How do I get a surety bond in Louisiana?
You can now apply for a bond here on our website to open a clean and simple online application that can be processed in a matter of minutes. Or just call us today at 225-927-228 to get started.

How long does it take to get a bond in Louisiana?
This process can take anywhere from a few hours to a few days or more. The timeline is normally dependent on the size of the bond needed and how quickly the information is provided.

How do I pay for a bond in Louisiana?
Payment can be made by check, credit card, or ACH transfer.

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