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How much does a commercial surety bond cost?

· Insurance

The cost of the bond depends on the type of bond, the risk involved, its term and the principal’s credit history.

Type: The type of the bond is a decisive factor. Some type of Surety bonds are priced higher than others.

Risk: The risk associated with the bond. The higher the risk, the higher will be the cost.

Term: Cost will be decided on the time frame of the bond.

Credit history: Poor personal and professional financial history will attract higher costs.

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