Maryland Surety Bond Broker
Join thousands of other insurance agents in Maryland to get the best rates on surety bonds.
Online Platform for Insurance Agents
- Find Bonds Faster with Our Innovative Search Tools
- Automate Your Process with 10,000+ Bonds in Our Library
- Get Instant Quotes from 30+ Surety Carriers
Maryland Surety Bonds
Maryland is home to nearly 400,000 businesses, many of which require a surety bond to legally operate. The Old Line State has 93 unique bonds required by state agencies and another 118 bonds required by local municipalities.
BondExchange provides a technology platform for Maryland agents to access all 211 unique surety bonds to serve their clients. Agents across the U.S. utilize BondExchange’s service to provide thousands of quotes every month.
We have access to over 30 markets to help agents give their clients the best rates and options. In addition, we provide expert guidance and advice every step of the way so you can handle your clients’ needs with confidence.
BondExchange Surety Coverage in MarylandBondExchange is the agent’s best source for all surety bonds in Maryland. Our unique online platform lets you generate instant quotes for a wide range of bond types.
Home Improvement Contractor BondsThe State of Maryland requires home improvement contractors to provide proof of financial solvency to obtain a contractor license. Contractors that cannot provide proof of financial solvency must purchase a $20,000 surety bond for 2 years. BondExchange can write this bond for all credit situations at very competitive rates.
Contract BondsRequired by the State of Maryland or cities and counties in Maryland for project-based work, including Bid or Proposal Bonds, Construction Bonds, Performance Bonds, and Supply Bonds.
Utility Deposit BondsBusinesses and individuals opening new utility accounts may be required to provide a deposit to obtain electric, water, or gas services. In lieu of a deposit, customers can purchase a utility deposit bond to be filed with the utility company (i.e. BG&E, PEPCO, Delmarva Power & Light, and Potomac Edison).
Motor Vehicle or Trailer Dealer BondsNew and used motor vehicle dealerships must purchase a bond ranging from $5,000 up to $300,000. The bond amount is determined based on the type of dealership (new, used, wholesale, etc) and the number of vehicles sold per year. The full schedule can be found on the Maryland MVA website.
Employee Dishonesty and Janitorial BondsEmployee dishonesty bonds protect business owners and their customers from theft of property by employees. This bond type is most often needed for businesses that perform services on their customers’ premises, such as, janitorial services companies, home improvement contractors, and home health providers.
License and Permit BondsBusinesses in specific industries must purchase a bond to operate, including health clubs, franchisors, and mortgage lenders.
See what other insurance agents are saying about our online platform
If you’re a Maryland agent, BondExchange helps you get access to all the surety bond types your clients need. Click the box below to see a complete list of Maryland surety bonds.
|State Bonds||Municipal Bonds|
Athletic Promoter: Expense
Allegany – County Driveway Permit
Why Partner with BondExchange for Maryland Surety Bonds?
BondExchange is your single source for Maryland surety bonds. Our database offers over 10,000 unique surety bond types, all available at your fingertips. Just search for the bond you need, receive a quote and deliver it to your client.
Enjoy End-to-End Service Created Just for Agents
BondExchange was created specifically for agents. We’ve combined more than 40 years of experience in the surety bond industry with advanced tools and technology to streamline the entire process.
BondExchange keeps the agent’s brand front and center and emphasizes the agent’s role at every step. We are wholesale only and never compete with our agents.
Get the Surety Bonds You Need in a Single Database
Our comprehensive database of over 10,000 surety bonds, including the 211 unique to Maryland businesses, contains detailed information facilitating the automation of bond issuance, renewal, billing, and processing. You can do a simple search, find the bond you need, and send a quote, all from within the platform. Our data-driven process removes the guesswork for agents, leaving no room for error.
Simplify the Application Process from Start to Finish
Our step-by-step application guides agents through the process with helpful tips along the way. You’ll serve your clients with confidence and ensure they get professional, top-notch experience.
The agent is in control of how clients receive their quotes. You can send a quote directly from the platform and allow clients to purchase instantly online., or you can send the quote in your client’s preferred method. Either way, your name, and agency remain in focus at all times, providing a seamless experience that presents your agency as the expert.