Title: What Is a License And Permit Bond? Author: Teresa Kitchens Published: June 3, 2021 Last modified: May 17, 2021 --- # What Is a License And Permit Bond? License and Permit [bonds](https://www.sterlinginsnow.com/bonds/) are a type of surety bond that is required by a lot of industries and businesses.  These are required at the Federal, state and local government levels and they are required before business owners in their own respective industries can be issued a license or permit for certain types of work.   ![Some licenses require a bond to get the license issued.](https://www.sterlinginsnow. com/wp-content/uploads/sites/18/2021/05/License-and-Permit-Bond.jpg) ## But what types of License and Permit Bond are there? Auctioneer bond Auto Dealer BondAppraisal Management Company BondAirline Reporting BondCollection Agency BondContractor License BondCredit Service Organization BondEnergy Brokers BondHealth Club BondHunting and Fishing License BondInsurance Adjuster BondInsurance Broker BondMedical Marijuana BondMoney Transmitter BondMortgage License BondNotary BondOutdoor Advertising BondPayday Loan BondPharmacy BondPrivate School BondTelemarketing BondTravel Agency Bond And many More…… ## How Much Does A License And Permit Bond Cost? Most bonds can be issued instantly and without being processed through an underwriter. The cost is minimal and typically 1% of the total bond amount.  That means that if you have a bond for $50,000, you would have a bond premium of only $500.   If an underwriter is required, it will typically be due to the financial history of the applicant.  That means that if the person purchasing the bond has good credit, the bond will be approved faster and at lower premium than those with challenges on their credit score.  ![Most Federal, state and local governments require a bond to issue an industry specific license.](https://www.sterlinginsnow.com/wp-content/uploads/sites/18/2021/ 05/License-and-Permit-2.jpg) ## 󠀁[License and Permit Bonds are Quick and Easy Online. Click Here to Get Yours Now](https://www.sterlinginsnow.com/bonds/)󠁿 ## More Insurance Blogs: [Optional Boat Insurance Coverages That Protect Your Mobile Equipment, Offer On Water Towing, Gap Insurance For Your Boat, and Help You To Avert Other Disasters](https://www.sterlinginsnow.com/?p=21517) [Want To Buy A Boat? 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Here Is What You Need To Know First!](https://www.sterlinginsnow.com/construction-bonds-and-what-you-need-to-know/) [What Is A Surety Bond?](https://www.sterlinginsnow.com/?p=21621) #### Would You Like Us To Review Your Policies? * Are you a current client of our agency?* - Yes - No * What policy number(s) do you need help with if available? * | | [](https://www.sterlinginsnow.com/what-is-a-license-and-permit-bond/void(0);?output_format=md) [](https://www.sterlinginsnow.com/what-is-a-license-and-permit-bond/void(0);?output_format=md) | * What is the nature of your inquiry?* - General Question - ID Card Request - Policy Change Request - Discuss A Claim - Certificate of Insurance * Describe your policy change request * What date do you need this policy change/request to take effect?* * DD slash MM slash YYYY * Which vehicle do you need an ID card for (please enter year, make, and model)? * | Year | Make | Model |   | | | | | [](https://www.sterlinginsnow.com/what-is-a-license-and-permit-bond/void(0);?output_format=md) [](https://www.sterlinginsnow.com/what-is-a-license-and-permit-bond/void(0);?output_format=md) | * Your Name* * First Last * Your Email* * Your Phone* * Please list the Additional Insured and/or Certificate Holder * Additional Insured and/or Certificate Holder Address * Street Address Address Line 2 City State / Province / Region ZIP / Postal Code * Details regarding your question, policy change, claim or other request:* * hCaptcha ### Request Your Proposal Here Are you ready to save time, aggravation, and money? 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