Delaware Surety Bonds2019-07-17T18:38:02+00:00

Delaware Surety Bond Broker

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Delaware Surety Bonds

Surety Bonds in Delaware

More than 58,000 businesses operate within Delaware borders. The First State requires many of these businesses to purchase surety bonds for licenses, permits, and construction contracts. There are 34 different and distinct types of bonds the Delaware state government requires of licensed businesses, with another 37 bonds needed for the various cities and counties in the state.

BondExchange features hundreds of Delaware agents from every corner of the state, from Wilmington and Newark to Dover and Beyond. All of these agents leverage our network to source surety bonds for their many clients.

With access to more than 30 different markets, BondExchange helps agents find any of the 71 surety bonds that Delaware businesses may need. Our huge bond database is the engine for BondExchange.com – an easy to use platform that provides instant quotes, interest-free installment payment options, and our unique customer checkout feature.

Delaware Surety Coverage with BondExchange

BondExchange provides complete, comprehensive access to every surety bond that Delaware and its local municipalities may require from businesses within the state. Agents use our platform to source the correct surety bonds that their clients need, provide those clients with online instant quotes, and facilitate the completion of the application and bond purchase online. The process is quick and easy, taking just a few short steps to complete. Below is a cross-section of the different types of surety bonds that you may need to quote for your Delaware business clients.

Financial Services Bonds

Businesses that provide financial services like debt management, general lending, or mortgage loan brokerage or originating in Delaware need specific surety bonds to be in place before providing those services to the public.

Motor Vehicle Sales

Under Delaware law, businesses need to secure a $25,000 surety bond and file it with the state’s Division of Revenue before being able to operate as a motor vehicle dealer.

Aquaculture Bonds

Delaware’s location on the Mid-Atlantic Coast makes it a hotbed for shellfish-related businesses. The Division of Fish & Wildlife regulates these activities, requiring businesses for shellfish aquaculture to purchase bonds before licensing them.

Private Education Bonds

The Delaware Department of Education requires private educational institutions to purchase surety bonds so that students can be compensated for lost tuition if the school goes out of business. These include both private trade schools and private business schools.

Construction Licensing Bonds

In many different municipalities around the state, construction companies need to hold surety bonds for general contracting, renovation, HVAC subcontracting, plumbing, and other related activities. The licenses are regulated at the local level and must be filed with the applicable city, township, or county. New Castle County and the City of Newark are the two most common municipalities requiring contractor license bonds.

Private Investigative or Security Bonds

Private investigation agencies and private security companies in Delaware must file a surety bond with the Department of Public Safety Division of State Police to receive a license to operate within the state.

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If you’re an agent in Delaware, sign up with BondExchange to gain full access to all of the surety bonds we offer. For a complete list of surety bonds covered in Delaware, expand the box below.

State Bonds Municipal Bonds

Appraisal Management Company ($20,000.00)
Casher of Checks, Drafts or Money Orders ($5,000.00)
Combative Sports Events
Dealer in Agricultural Products
Debt Management Services License
DOT Performance ($5,000.00)
Employment Agency ($5,000.00)
Entrance Construction
Fire Protection Systems
Fireworks Display Permit ($5,000.00)
Licensed Lender ($50,000.00)
Master Electrician General ($1,000.00)
Master Electrician Limited ($1,000.00)
Mortgage Loan Broker ($25,000.00)
Mortgage Loan Originator
Motor Fuel Distributor
Motor Vehicle Dealer ($25,000.00)
Motor Vehicle Sales Finance Company ($25,000.00)
Non-Hazardous Liquid Transporters ($5,000.00)
Non-Resident Contractor
Private Business and Trade School Contract
Private Investigative or Private Security Business
Property Broker or Freight Forwarder BMC-84 (ICC Broker) ($75,000.00)
Public Adjuster ($20,000.00)
Sale of Checks and Transmission of Money
Security Systems and Protective Services Agency
Shellfish Aquaculture Performance
Solid Waste Collector ($50,000.00)
Solid Waste Disposal
Special Fuel (Distillate/LP Gas): Dealer
Special Fuel (Distillate/LP Gas): Supplier
Special Fuel (Distillate/LP Gas): User
Telecommunications Service Certificate of Public Convenience Indemnity
Telemarketing Registration ($50,000.00)

Dover – City Plumber
Generic Obligee Concessionaire
Georgetown – Township License/Permit
Henlopen Acres – Township Plumber ($5,000.00)
IBEW Local Union 313 Wage and Welfare
Installation Made Easy Inc (IME) IME Affiliate
Laurel – Township Plumber ($5,000.00)
Lewes – City Plumbing Contractor ($5,000.00)
Lumber Liquidators Inc Installation Provider
MEMO Financial Services, Inc dba MEMO MEMO Money Order
Newark – City General Contractor ($100,000.00)
Newark – City General Contractor ($75,000.00)
Newark – City General Contractor ($50,000.00)
Newark – City Limited General Contractor ($150,000.00)
Newark – City Limited Subcontractor (HVAC, Fire, Plumbing, & Mechanical) ($50,000.00)
Newark – City Minor Renovation Contractor ($25,000.00)
Newark – City Minor Renovation Contractor ($10,000.00)
Newark – City Second Hand/Junk Dealer ($1,000.00)
Newark – City Unlimited General Contractor ($200,000.00)
Newark – City Unlimited Subcontractor (HVAC, Fire, Plumbing, & Mechanical) ($200,000.00)
New Castle – City Contractor’s License ($10,000.00)
New Castle – County Class A Building Contractor ($150,000.00)
New Castle – County Class B Building Contractor ($50,000.00)
New Castle – County Class C Building Contractor ($25,000.00)
New Castle – County Class U Building Contractor ($200,000.00)
New Castle – County Decorative Appliance Contractor ($10,000.00)
New Castle – County HVACR Contractor ($25,000.00)
New Castle – County Master Plumber Contractor ($10,000.00)
New Castle – County Outside Utility Contractor ($50,000.00)
New Castle – County Sewer and Drain Cleaner ($10,000.00)
New Castle – County Third Party Inspector
Rehoboth Beach – City Plumber ($2,000.00)
Seaford – City Master Plumber ($5,000.00)
Sussex – County Plumber ($5,000.00)
Wilmington – City HVAC Contractor
Wilmington – City Licensed Plumber ($3,000.00)

Why Partner with BondExchange for Delaware Surety Bonds?

BondExchange has worked with insurance agents for over four decades, building a technology platform designed for efficiency. We understand that most insurance agents do not focus on surety, so we make the process fast, profitable, and easy to understand.

Straightforward Tools to Simplify Bond Processes

We provide easy-to-use tools to our agents to simplify the surety bond process, facilitating bond quote, delivery, and issuance in an online environment. Either agents or their customers can complete our online application thanks to our step-by-step approach using plain English. Quotes are generated instantly and can be purchased online with zero paperwork, making the process as painless as possible.

Offering Customized, Expert Levels of Service to Our Agents

BondExchange always puts our agents first. We provide you with the best surety bond technology while prominently featuring your name and brand on all customer communication. Our knowledgeable staff, all real underwriters, are available by phone, through our website chat option, or by email, waiting to answer your questions.

Single Entry-Point Solution Keeps Processes Simple

BondExchange can do what other platforms can’t. We’re the single source of surety bonds for Delaware agents, providing access to hundreds of different types of bonds and rates from over 30 different carriers. BondExchange will save you time with our instant online application process, ensuring you can provide professional and profitable surety bond services to your clients.

Instant Quotes from 30+ Surety Carriers

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