Maryland Surety Bonds2019-07-17T19:15:46+00:00

Maryland Surety Bond Broker

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Maryland Surety Bonds

Surety Bonds in Maryland

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 Maryland

BondExchange 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 Bonds

The 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 Bonds

Required 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 Bonds

Businesses 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 Bonds

New 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 Bonds

Employee 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 Bonds

Businesses 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
Auctioneer
Automobile Insurance Fund Producer ($10,000.00)
Beer ($1,000.00)
Beer Tax (Non-Resident or Resident Dealer) ($5,000.00)
Boat Dealer
Boxing and Wrestling Promoter Tax
Builder Escrow Deposit
Check Casher
Cigarette Tax
Collection Agency ($5,000.00)
Credit Hauling
Credit Services Business
Curtailment Service Provider ($10,000.00)
Debt Management Services License
Debt Settlement Services Registration ($50,000.00)
Direct Wine Shipper
Driver Education Program ($40,000.00)
Electricity Supplier Broker/Aggregator ($10,000.00)
Employment Agency ($7,000.00)
Forest and Park Service ($5,000.00)
Franchisor
Grain Dealer License ($100,000.00)
Hauling Performance
Hazardous Substance Hauler ($50,000.00)
Health Club
Highway Permit Performance
Home Builder
Home Improvement Contractor ($100,000.00)
Home Improvement Contractor ($20,000.00)
Ignition Interlock Systems Service Provider ($10,000.00)
Information Requestor of Driver/Vehicle Records ($1,000.00)
Information Requestor of Driver/Vehicle Records ($15,000.00)
Information Requestor of Driver/Vehicle Records ($6,000.00)
Information Requestor of Driver/Vehicle Records ($3,000.00)
Installment Loan Licensee ($12,000.00)
Institution of Postsecondary Education
Institution of Postsecondary Education Fully Online Distance Education Program
Insurance Administrator Title Producer ($150,000.00)
Insurance Adviser ($1,000.00)
Insurance Broker: Non-Resident ($10,000.00)
Investment Adviser ($10,000.00)
Issuance of Title
Lottery Sales Agent
Master Well Driller License ($5,000.00)
Medical Waste Hauler ($10,000.00)
Money Transmitter
Mortgage Lender
Motor Carrier International Fuel Tax Agreement (IFTA)
Motor Club Deposit
Motor Fuel Dealer, User or Seller
Motor Vehicle Manufacturer ($25,000.00)
Motor Vehicle Manufacturer ($50,000.00)
Motor Vehicle Manufacturer ($100,000.00)
Motor Vehicle Manufacturer ($300,000.00)
Motor Vehicle or Trailer Dealer ($5,000.00)
Motor Vehicle or Trailer Dealer ($15,000.00)
Motor Vehicle or Trailer Dealer ($25,000.00)
Motor Vehicle or Trailer Dealer ($35,000.00)
Motor Vehicle or Trailer Dealer ($50,000.00)
Motor Vehicle or Trailer Dealer ($100,000.00)
Motor Vehicle or Trailer Dealer ($150,000.00)
Motor Vehicle or Trailer Dealer ($300,000.00)
Motor Vehicle Salesman
Motor Vehicle Title Service Agent ($50,000.00)
Natural Gas Supplier Broker/Aggregator ($10,000.00)
Non-Resident Outdoor Advertising ($1,000.00)
Open Pit (Surface) Coal Mining
Other Tobacco Products (OTP)
Payments in Lieu of Contributions (Unemployment Insurance)
Premium Finance Company ($50,000.00)
Prescription Drug Wholesale Distributor ($100,000.00)
Prescription Drug Wholesale Distributor ($50,000.00)
Private Career School
Private Detective Agency
Private Detective AND Security Guard Agency
Private Finger Printing Provider
Professional Solicitor & Public Safety Solicitors ($25,000.00)
Property Broker or Freight Forwarder BMC-84 (ICC Broker) ($75,000.00)
Pump Installer ($2,000.00)
Sales and Use Tax
Security Guard Agency
Security Systems Technician Business or Salesperson
Self-Insurer Workers Compensation
Sewage Sludge Utilization Performance
Solar Energy Subscriber Organization
Sport License Agent ($5,000.00)
Surplus Lines Broker
Third Party Administration
Water Conditioner Installer ($2,000.00)
Wine and Liquor Tax
Wine Tax ($1,000.00)
Withholding Tax

Allegany – County Driveway Permit
Allegany – County Stormwater Management Plan
Allegany – County Wholesaler’s Paper Gaming License ($10,000.00)
Annapolis – City Grading Permit Performance
Anne Arundel – County Construction of Required Screening and Landscaping
Anne Arundel – County Grading and Sediment Control
Anne Arundel – County Labor and Materials
Anne Arundel – County Maintenance
Anne Arundel – County Performance and Completion
Any Union Wage and Welfare
Baltimore – City Auctioneer
Baltimore – City Credit Hauling
Baltimore – City Drain Layers ($10,000.00)
Baltimore – City Excavation ($25,000.00)
Baltimore – City Master Electrician ($2,500.00)
Baltimore – City Pawnbroker ($50,000.00)
Baltimore – City Razing Contractor ($10,000.00)
Baltimore – City Street Permit
Baltimore – City Towing Services ($20,000.00)
Baltimore – County Auctioneer ($5,000.00)
Baltimore – County Trespass Towing ($20,000.00)
Baltimore Gas and Electric Company Utility Deposit
Calvert – County Building Contractor ($1,000.00)
Calvert – County Electrical Contractor ($1,000.00)
Calvert – County Grading Permit
Calvert – County Plumbing / Gas Contractor ($1,000.00)
Calvert – County Sewage Disposal Installer ($10,000.00)
Caroline – County Electrician
Caroline – County Plumbing ($2,000.00)
Carroll – County Plumbing/Utility Contractor ($2,500.00)
Cecil – County Auctioneer ($5,000.00)
Cecil – County Plumbing ($1,000.00)
Charles – County Site Improvement
Cheverly – Township License/Permit ($5,000.00)
Dorchester – County Electrician
Dorchester – County Refuse Collector
Dorchester – County Sanitary Construction ($2,000.00)
Frederick – City Electrical Licensing ($2,000.00)
Frederick – City Heat Equipment Installer ($5,000.00)
Frederick – City Utility/Irrigation Contractor ($5,000.00)
Frederick – County Electrical ($10,000.00)
Frederick – County Excavation
Frederick – County Plumbing Appliance Dealer
Frederick – County Plumbing Contractor
Frederick – County Septic System Installer
Gaithersburg – City Electrician
Gaithersburg – City Permit Performance
Generic Obligee Concessionaire
Hagerstown – City Building Contractors and Carpenters ($20,000.00)
Hagerstown – City Gas Fitter ($5,000.00)
Hagerstown – City Sign Installer
Harford – County Auctioneer ($5,000.00)
Harford – County Grading Permit
Harford – County Maintenance
Harford – County Solid Waste Collector’s Performance
Harford – County Subsurface Sewage Installer ($2,000.00)
Howard – County Grading and Landscaping Performance
Howard – County Refuse Disposal Charges
Howard – County Waste Hauler
IBEW Local 24 Maryland Electrical Indusrty Funds Wage and Welfare: Benefits
IBEW Local 26, IBEW-NECA Joint Trust Funds Guaranteed Payment-Benefits
IBEW Local Union 24 Wages and Dues
Installation Made Easy Inc (IME) IME Affiliate
IUPAT District Council No 51 Submission of Reports and Contributions (Wage and Welfare) ($5,000.00)
Kent – County Appliance Installation ($2,000.00)
Local 26 IBEW-NECA Wage Payment
Lumber Liquidators Inc Installation Provider
MEMO Financial Services, Inc dba MEMO MEMO Money Order
Mid-Atlantic Regional Council of Carpenters Health & Welfare Fund Wage and Welfare ($20,000.00)
Montgomery – County Demolition Performance
Montgomery – County Right of Way Performance
Montgomery – County Sediment Control Performance
Montgomery – County Solicitor
Montgomery – County Solid Waste Collector
Montgomery – County Solid Waste Disposal Charges
Montgomery – County Stormwater Management Performance
Operating Engineers Skill Improvement and Joint Apprenticeship Training Fund Guaranteed Payment ($1,000.00)
Plumbers And Steamfitters Local 486 Joint Administration Wage and Welfare
Plumbers Local Union 5 Wage and Welfare
Prince George’s – County Refuse Disposal Charges
Prince George – County Door-to-Door Solicitor License Performance ($2,000.00)
Prince George – County Labor and Materialman
Prince George – County Motor Vehicle Repair Facility ($2,000.00)
Prince George – County Performance
Prince George – County Refrigeration, Heating and Air-Conditioning (HVAC) Contractor ($5,000.00)
Prince George – County Site Restoration/Sediment Control
Prince George – County Stormwater Management Performance
Prince George – County Television and Radio Equipment Repair Facility License Performance ($2,000.00)
Prince George – County Towing Service License ($10,000.00)
Queen Anne’s – County Permit Performance
Rockville – City Electrician
Rockville – City Limited Plumbers (Gas Fitters Only)
Rockville – City Right of Way Performance
Rockville – Maryland Forest Conservation and Maintenance Performance
Rockville – Maryland Sediment Control Performance
Salisbury – City Peddler ($1,000.00)
Sprinkler Fitters and Apprentices Local Union 669 Wage and Fringe Benefits
St. Mary’s – County Grading Performance
St. Mary’s – County Permit
Steamfitters Local 602 Contractors Fringe Benefit
Takoma Park – City Performance
Talbot – County Plumber ($10,000.00)
Washington Area Carpenters Wage and Welfare
Washington – County Commercial Entrance ($3,000.00)
Washington – County Forest Conservation
Washington – County Plumbing
Washington – County Roadway Construction Maintenance
Washington – County Street Connection ($5,000.00)
Washington – County Two Year Driveway Performance ($1,500.00)
Washington – County Utility Contractor ($2,000.00)
Wicomico – County Electrician General or Limited ($5,000.00)
Wicomico – County Master Electrician ($5,000.00)
Wicomico – County Sewage Installer ($5,000.00)
Wicomico – County Solid Waste Disposer
Wicomico – County Stormwater Management Site Plan Performance
Worcester – County Auctioneer ($5,000.00)
Worcester – County Master Electrician ($5,000.00)
Worcester – County Stormwater Management

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.

Instant Quotes from 30+ Surety Carriers

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