What is a surety bond? A surety bond is a three-party agreement between you, the party requiring the bond, and the surety. It guarantees you will fulfill legal or contractual obligations. How fast can I get bonded? With a complete application and payment received, your bond can often be issued the same day. PDF copies are sent by email right away, with hard copies by mail where applicable. How much does a surety bond cost? Most small commercial bonds cost between $100 and $500 per year. Contract bonds are typically 1% to 3% of the bond amount. Do I need good credit to get bonded? Less than perfect credit will not necessarily stop you from getting bonded, though it may affect your rate. We work with multiple sureties to find the best option for your situation. What is a BMC-84 bond? It is the federally required $75,000 bond for licensed freight brokers before they obtain FMCSA authority.