Maine Surety Bonds2019-07-17T18:31:56+00:00

Maine Surety Bond Broker

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Maine Surety Bonds

Surety Bonds in Maine

Maine is home to more than 121,000 businesses, many of which need surety bonds before The Pine Tree State will allow them to take out a new occupational license or renew an existing one. There are 53 unique statewide bond types and an additional 14 local city- or county-specific surety bonds that Maine requires of its businesses.

BondExchange is the preferred surety bond provider for insurance agents across the country. Our surety bond platform is not only expansive with over 10,000 surety bond requirements in our database but also easy-to-use with tools built to make agents more efficient.

Our network of more than 30 different markets combined with rating technology makes it easy to find and quote pretty much any type of surety bond, including the 67 different types of surety bonds that Maine requires of its businesses. Our expert underwriters provide friendly help and can answer even the most difficult surety bond questions.

Popular Surety Bonds in Maine

BondExchange provides its agents with complete, comprehensive access to every surety bond in the country, including all bonds needed in the state of Maine. Below are some of the most common types of surety bonds for Maine businesses:

Private School Bonds

Private educational institutions operating in Maine need to be bonded before the state will grant them an operational license. Private business, trade, or technical schools need to provide a bond with either Maine’s Department of Education or Finance Authority. Driver education schools, meanwhile, need to file a bond with the state’s Department of Motor Vehicles.

Motor Vehicle Dealer Bonds

Maine auto dealers need a bond to operate. Most dealers must post a motor vehicle dealer bond in an amount between $5,000 and $100,000 before receiving their dealer tags.

Financial Services Bonds

Many different financial services occupations require bonding in The Pine Tree State. Collection agencies, debt collectors and debt management service providers, loan brokers, mortgage loan originators, and money transmitters all need to be bonded before opening their doors in Maine.

Liquor Control Bonds

Like many states, Maine has a number of liquor control laws that require companies to be bonded as one of the qualifications of a related license or permit. Businesses in need of a liquor control bond include clubs, hotels, railroad dining cars, marine vessels, and restaurants.

Private Investigator and Security Bonds

A number of states require businesses that provide private investigation or contract security services to purchase security bonds before being licensed to operate. Maine resident security or private investigation agencies require a $10,000 bond, while non-resident security or investigation providers require a $50,000 bond.

City or County Bonds

There are many cities and counties within Maine that require specific surety bonds. The city of Portland, for example, has two surety bonds for businesses performing specific types of construction projects on city streets.

Miscellaneous Bonds

A number of unrelated businesses also require surety bonds in the Pine Tree State. These include working as an auctioneer, a Medicare supplier, a payroll processor, or a professional solicitor.

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If you’re an agent with insureds in the state of Maine, sign up with BondExchange to gain access to all of our Maine surety bonds. If you want a complete list of all surety bonds covered in Maine, expand the box below.

State Bonds Municipal Bonds

Auctioneer ($10,000.00)
Business Opportunity ($30,000.00)
Cigarette Tax Compliance
Collection Agency
Contract Security Company: Non-Resident ($50,000.00)
Contract Security Company: Resident ($10,000.00)
Credit Services Organization ($10,000.00)
Debt Collector / Repossession
Debt Management Service Provider ($50,000.00)
Driver Education School Class A ($10,000.00)
Driver Education School Class B ($2,500.00)
Insurance Adjuster
Insurance Consultant
Insurance Premium Finance Company
Investigative Assistant ($20,000.00)
Liquor Excise Tax
Liquor License – Class A Restaurant ($1,000.00)
Liquor License – Club ($1,000.00)
Liquor License – Hotel ($1,000.00)
Liquor License – Railroad Dining Car ($1,000.00)
Liquor License – Vessel ($1,000.00)
Loan Broker ($25,000.00)
Managing General Agent ($100,000.00)
Medicare Supplier
Money Transmitter and Money Order / Travelers Check Issuer ($100,000.00)
Mortgage Loan Originator (MLO) Individual ($25,000.00)
Motor Vehicle Dealer ($5,000.00)
Motor Vehicle Dealer ($10,000.00)
Motor Vehicle Dealer ($15,000.00)
Motor Vehicle Dealer ($20,000.00)
Motor Vehicle Dealer ($25,000.00)
Motor Vehicle Dealer ($50,000.00)
Motor Vehicle Dealer ($75,000.00)
Motor Vehicle Dealer ($100,000.00)
Motor Vehicle Registration Agent ($25,000.00)
Motor Vehicle Title
Payments in Lieu of Contributions (Unemployment Compensation)
Payroll Processor
Private Business, Trade or Technical School (Department of Education)
Private Business, Trade or Technical School (Finance Authority)
Private Investigator: Non-Resident ($50,000.00)
Private Investigator: Resident ($10,000.00)
Producers of Potatoes and Rotation Crops
Professional Solicitor ($25,000.00)
Property Broker or Freight Forwarder BMC-84 (ICC Broker) ($75,000.00)
Residential Real Estate Property Preservation Services Provider ($15,000.00)
Securities Dealer ($10,000.00)
Self-Insured Employers
Supervised Lender
Surplus Lines Insurance Producer ($20,000.00)
Third Party Administrator
Transient Seller of Consumer Merchandise ($10,000.00)
Turnpike Toll

Any Union Wage and Welfare
Auburn – City Excavation Permit ($1,500.00)
Biddeford – City Street Opening
Central Maine Power Company Utility Deposit
Emera Maine Utility Deposit
Generic Obligee Concessionaire
Installation Made Easy Inc (IME) IME Affiliate
Lake Arrowhead Community, Inc Contractor
Lumber Liquidators Inc Installation Provider
MEMO Financial Services, Inc dba MEMO MEMO Money Order
Portland – City License/Permit
Portland – City Street Opening
South Portland – City Street Opening
Unitil Corporation Utility Deposit

Why Partner with BondExchange for Maine Surety Bonds?

BondExchange is the best platform for you to place Maine Surety Bonds for your clients. Our unique services make it easy for agents from start to finish with unique tools

Streamlined Application from Start to Finish

Our advanced technology provides end-to-end service for agents. You can generate instant quotes and send them directly to your clients. Throughout the application, we provide expert insight and advice to guide the process and help you feel confident every step of the way.

Designed to Make Agents Efficient

We developed BondExchange specifically for the agent, but with your customers' needs in mind. Agents can choose from over 10,000 unique bond types to find the exact one their client needs, all while keeping the agent name and branding front and center.

Single Source for All Maine Surety Bonds

BondExchange is a comprehensive platform that handles every aspect of the bonding process. Agents can search our huge database for surety bonds, send quotes to clients, and complete the application, all from within the platform.

Instant Quotes from 30+ Surety Carriers

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If you’re an agent currently working in the State of Maine, we would love to hear from you.