Alaska Surety Bonds

At Surety Bonds Agent, we offer a full range of surety bonds nationwide through an extended carrier network. Continue below to learn more about Alaska surety bonds.  If you have additional questions or want to explore bonding solutions for your business, speak with one of our knowledgeable surety bond experts.

What Is an Alaska Surety Bond?

When you purchase an Alaska surety bond, you become one party (the “principal”) to a legally binding agreement guaranteeing your compliance with certain regulatory and/or contractual requirements. An Alaska surety bond protects the party requiring it (the “obligee”) and often consumers against any financial losses caused by noncompliance. Most often, the obligee is a state or local government entity.

What Types of Alaska Surety Bonds May Be Needed?

There are four main types of Alaska surety bonds:

  • License and permit bonds—required when obtaining or renewing certain state or local professional or occupational licenses or permits
  • Contract bonds—required before entering into a contract with a public or private entity, most commonly in the construction industry 
  • Court bonds—required from plaintiffs and/or defendants in certain civil court proceedings and from people appointed by a probate court to serve in a fiduciary capacity
  • Fidelity bonds, also called “business services bonds”—purchased by business owners concerned about potential employee dishonesty

How Do I Apply for an Alaska Surety Bond?

The fastest and easiest way to obtain an Alaska surety bond is to apply online. You’ll receive a quote in minutes and can complete the purchase online. If you have questions before applying, call and speak with one of our surety bond professionals.

How Much Does It Cost?

The premium cost for an Alaska surety bond is the result of multiplying the required bond amount by the premium rate. The bond’s guarantor (known as the “surety”) sets the premium rate based on your personal credit score. This is the best measure of the risk the surety is taking in guaranteeing the payment of claims. With a high credit score, the risk is considered to be low, and the premium rate will also be low, typically in the range of 1% to 3%. 

Alaska Surety Bond FAQ

Yes. Most surety companies offer bad credit programs. With a low credit score, your premium rate will be higher, but we’ll find you the best rate you qualify for.

You will need to obtain your bond from a surety bond provider authorized to issue bonds in Alaska.  

Insurance and surety bonds are very different animals. You buy insurance to protect yourself against financial loss. You buy a bond to protect the obligee requiring it. Depending on the type of surety bond, consumers may be protected as well as the obligee.

Upon receipt of a claim, the surety determines whether it is valid. If it is, you are legally obligated to pay it. You will need to make your case with the surety if you think you can prove that a claim is not legitimate.

At Surety Bonds Agent, we offer a full range of surety bonds nationwide through an extended carrier network. Continue below to learn more about Alaska surety bonds.  If you have additional questions or want to explore bonding solutions for your business, speak with one of our knowledgeable surety bond experts.

CONTACT US FOR A

FREE SURETY BOND QUOTE

What Is an Alaska Surety Bond?

When you purchase an Alaska surety bond, you become one party (the “principal”) to a legally binding agreement guaranteeing your compliance with certain regulatory and/or contractual requirements. An Alaska surety bond protects the party requiring it (the “obligee”) and often consumers against any financial losses caused by noncompliance. Most often, the obligee is a state or local government entity.

 

There are four main types of Alaska surety bonds:

  • License and permit bonds—required when obtaining or renewing certain state or local professional or occupational licenses or permits
  • Contract bonds—required before entering into a contract with a public or private entity, most commonly in the construction industry 
  • Court bonds—required from plaintiffs and/or defendants in certain civil court proceedings and from people appointed by a probate court to serve in a fiduciary capacity
  • Fidelity bonds, also called “business services bonds”—purchased by business owners concerned about potential employee dishonesty

The fastest and easiest way to obtain an Alaska surety bond is to apply online. You’ll receive a quote in minutes and can complete the purchase online. If you have questions before applying, call and speak with one of our surety bond professionals.

The premium cost for an Alaska surety bond is the result of multiplying the required bond amount by the premium rate. The bond’s guarantor (known as the “surety”) sets the premium rate based on your personal credit score. This is the best measure of the risk the surety is taking in guaranteeing the payment of claims. With a high credit score, the risk is considered to be low, and the premium rate will also be low, typically in the range of 1% to 3%. 

Alaska Surety Bond FAQ

Yes. Most surety companies offer bad credit programs. With a low credit score, your premium rate will be higher, but we’ll find you the best rate you qualify for.

You will need to obtain your bond from a surety bond provider authorized to issue bonds in Alaska.  

Insurance and surety bonds are very different animals. You buy insurance to protect yourself against financial loss. You buy a bond to protect the obligee requiring it. Depending on the type of surety bond, consumers may be protected as well as the obligee.

Upon receipt of a claim, the surety determines whether it is valid. If it is, you are legally obligated to pay it. You will need to make your case with the surety if you think you can prove that a claim is not legitimate.

REQUEST A QUOTE

Request a quote online or call today to speak with one of our surety bond experts about obtaining an Alaska surety bond.