Montana Surety Bonds2019-07-17T19:06:55+00:00

Montana Surety Bond Broker

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Montana Surety Bonds

Surety Bonds in Montana

More than 100,000 businesses operate within the borders of Montana. A number of these businesses need surety bonds for licenses, permits, and construction contracts. The Treasure State has 48 different and distinct types of bonds the state government requires of licensed businesses, while there are another 23 bonds that different local municipalities throughout the state may also require for any business operating within city limits.

BondExchange features hundreds of Montana agents from every corner of the state. All of these agents leverage our network to source surety bonds for their many clients.

Montana Surety Coverage with BondExchange

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

Mortgage Loan Services

Businesses that provide mortgage lending, brokerage, or servicing in Montana need specific surety bonds to be in place before providing those services to the public.

Motor Vehicle Sales

Under Montana law, businesses need to secure a surety bond for just about any type of activity involving the sale of motor vehicles, including new or used vehicles sales, offering vehicles wholesale or at auction, or acting as an auto broker. This same requirement applies to the sale of manufactured homes as well. The bond amount for most dealers is $50,000.

Financial Services Bonds

Providing financial services in Montana often means taking out a surety bond. Whether it’s to provide escrow services, to act as an investment broker or advisor, or to operate a debt management service, a business will require a surety bond to operate legally.

Drilling and Mining Activity Bonds

Montana is a mineral rich state with many miners and oil companies operating in the state. To drill for oil and gas or to obtain open cut mining permits, drillers and miners must first obtain a surety bond. BondExchange has specialized markets to help with these difficult to obtain bonds.

Construction Licensing Bonds

n many different municipalities around the state, construction companies need to hold surety bonds for demolition, excavation, road work, and other related activities. The licenses are regulated at the local level and must be filed with the applicable city or county.

Notary Public Bonds

Montana notary publics must file a $10,000 surety bond to receive a notary commission from the Secretary of State. The bond will be filed for four years to coincide with the notary commission.

See what other insurance agents are saying about our online platform

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

State Bonds Municipal Bonds

Athletic Program Promoter/Matchmaker ($5,000.00)
Auctioneer ($5,000.00)
Certificate of Title
Cigarette Tax
Commercial Pesticide Applicator ($500.00)
Commodity Dealer
Commodity Warehouse
Cosmetology School ($5,000.00)
Debt Management Licensing
Deferred Deposit Loan Licensee ($10,000.00)
Escrow Business ($100,000.00)
Excess Weight – Highway Permit (Form 32-K)
Gasoline/Special Fuel Distributor
Hunting & Fishing License Agent
IFTA Permit Holder ($500.00)
Liquor Agent
Medical Care Discount Card Supplier ($50,000.00)
Monitoring Well Constructor’s License ($4,000.00)
Monitoring Well Constructor’s License ($10,000.00)
Mortgage Broker
Mortgage Lender
Mortgage Servicer ($100,000.00)
Motorboats, Personal Watercraft, Snowmobiles, Off-Highway Vehicle Dealers ($5,000.00)
Motor Club ($25,000.00)
Motorcyles and Quadricycles Dealer ($15,000.00)
New or Used Vehicle Dealer, Broker, Wholesaler, Auto Auction, Manufactured Dwelling ($50,000.00)
Notary Public ($10,000.00)
Nursing Home Facility: Residents Personal Funds Trust
Oil and Gas Drilling
Opencut Mining Permit
Postsecondary Educational Institutions ($10,000.00)
Professional Employer Organization
Property Broker or Freight Forwarder BMC-84 (ICC Broker) ($75,000.00)
Proprietary School ($10,000.00)
Proprietary School Agent (Individual) ($1,000.00)
Public Adjuster
Public Adjuster ($5,000.00)
Restaurant, Bar and Tavern Wage Protection Fund
Self-Insuring Employers Workers Compensation
Special Fuel User (Contractor) ($5,000.00)
Surplus Lines Broker ($10,000.00)
Telemarketing Registration ($50,000.00)
Title Loan Licensee ($10,000.00)
Viatical Settlement Provider ($50,000.00)
Water Well Contractor’s License ($4,000.00)
Water Well Contractor’s License ($10,000.00)
Water Well Contractor’s License/Monitoring Well Constructor’s License ($10,000.00)
Water Well Contractor’s License/Monitoring Well Constructor’s License ($4,000.00)

Athletic Program Promoter/Matchmaker ($5,000.00)
Auctioneer ($5,000.00)
Certificate of Title
Cigarette Tax
Commercial Pesticide Applicator ($500.00)
Commodity Dealer
Commodity Warehouse
Cosmetology School ($5,000.00)
Debt Management Licensing
Deferred Deposit Loan Licensee ($10,000.00)
Escrow Business ($100,000.00)
Excess Weight – Highway Permit (Form 32-K)
Gasoline/Special Fuel Distributor
Hunting & Fishing License Agent
IFTA Permit Holder ($500.00)
Liquor Agent
Medical Care Discount Card Supplier ($50,000.00)
Monitoring Well Constructor’s License ($4,000.00)
Monitoring Well Constructor’s License ($10,000.00)
Mortgage Broker
Mortgage Lender
Mortgage Servicer ($100,000.00)
Motorboats, Personal Watercraft, Snowmobiles, Off-Highway Vehicle Dealers ($5,000.00)
Motor Club ($25,000.00)
Motorcyles and Quadricycles Dealer ($15,000.00)
New or Used Vehicle Dealer, Broker, Wholesaler, Auto Auction, Manufactured Dwelling ($50,000.00)
Notary Public ($10,000.00)
Nursing Home Facility: Residents Personal Funds Trust
Oil and Gas Drilling
Opencut Mining Permit
Postsecondary Educational Institutions ($10,000.00)
Professional Employer Organization
Property Broker or Freight Forwarder BMC-84 (ICC Broker) ($75,000.00)
Proprietary School ($10,000.00)
Proprietary School Agent (Individual) ($1,000.00)
Public Adjuster
Public Adjuster ($5,000.00)
Restaurant, Bar and Tavern Wage Protection Fund
Self-Insuring Employers Workers Compensation
Special Fuel User (Contractor) ($5,000.00)
Surplus Lines Broker ($10,000.00)
Telemarketing Registration ($50,000.00)
Title Loan Licensee ($10,000.00)
Viatical Settlement Provider ($50,000.00)
Water Well Contractor’s License ($4,000.00)
Water Well Contractor’s License ($10,000.00)
Water Well Contractor’s License/Monitoring Well Constructor’s License ($10,000.00)
Water Well Contractor’s License/Monitoring Well Constructor’s License ($4,000.00)

Why Partner with BondExchange for Montana Surety Bonds?

BondExchange has worked with insurance agents for over 40 years, building a technology platform designed to make agents more efficient. We understand that most insurance agents do not focus on surety, so we make the process simple, fast, and profitable.

Simplifying the Bond Process with Straightforward Tools

We’ve simplified the surety bond process by providing agents with easy-to-use tools to quickly quote bonds, deliver those quotes, and issue bonds online. Our online application, which can be completed by agents or their end customers, walks the user step-by-step using plain English. The quote is generated instantly after shopping over 30 markets in seconds, and customers can purchase the bond online with zero paperwork.

Offering Our Agents a Customized, Expert Level of Service

Our agents always come first here at BondExchange. We feature your name and brand prominently, making it easy to grow your professional image and reinforce your expertise with clients. Our knowledgeable staff are available by phone (real underwriters and no phone trees!), chat on our website, or by email. However you choose to communicate with us, you can expect a friendly expert ready to answer questions.

Single Entry-Point Solution Keeps Processes Simple

As the single source for surety bonds for Montana agents, BondExchange provides access to hundreds of different types of bonds and rates from over 30 different carriers. BondExchange saves you time by shopping the entire market with an instant online application, ensuring profitability and presenting you as a surety bond professional to the client.

Instant Quotes from 30+ Surety Carriers

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