Welcome to the Wolters Kluwer Surety Bond Portal!
This page will allow you to complete an application for your client by following the steps listed below:
1. CLICK HERE to start an online application for your client, In the application you will be able to select the state and bond type needed. If you do not see the bond type needed, select "Other/Not Sure", you will be given the opportunity to provide the name or description of the bond needed and we will contact you for the specific bond details. If you need multiple bonds for the same applicant, you only need to complete one application. Once completed please email Info@a1suretybonds.com a list of the bonds needed and reference the account name and application ID number that will be generated upon completion of the first bond application.
2. Check your email for approval or request for additional information.
If you have any questions about specific bonding needs, please feel free to contact our office at 800-737-4880 and one of our staff will be glad to assist.
Surety Bond FAQs
- Who must be listed on the surety bond application?
- All owners are typically required to be listed on the surety bond application. For accounts with multiple owners, a good rule of thumb is any owner with 10% or more ownership must be listed on the application
- What if one or more of the owners are a business entity?
- Call our office at 800-737-4880 and we will advise how to proceed. Typically we will need an organization chart showing ownership to the ultimate individual owners.
- What if the entity needing bonds is a publicly traded entity?
- For these occasions, please contact our office at 800-737-4880 and we will advise how to proceed. We will need the name and stock ticker of the entity to proceed.
- What if the entity is owned by Non-USA Citizens or a Non-USA entity?
- We can still help! Most occasions will require the customer to post collateral in the form of cash or an Irrevocable Letter of Credit (ILOC) from an approved US Bank. STOP the application and contact or office for further details.
- What is an indemnity agreement and why is it required?
- The indemnity agreement is the guarantee to the surety company that the bond principal will make the surety whole in the event they have to pay out a bond claim. It is a legally binding agreement that details the surety company and bond principals rights and responsibilities.
- How is the bond premium calculated?
- Bond costs are a percentage of the bonds penal sum which is directly based upon the creditworthiness and financial strength of the applicant(s) Typically bonds range between 1% and 5% of the required bond amount on an annual basis.
We are here to help, feel free to reach out with your questions at any time!
800-737-4880
info@a1suretybonds.com