About half of the bonds we sell can be issued for a flat premium without a credit check or any other underwriting to determine pricing. Due to the risk associated with certain bonds, however, some degree of underwriting will be required to determine pricing while considering the bond's obligation and applicant's claim likelihood.

When underwriting is required, the first - and oftentimes only - step is a simple review of the applicant's credit report. If the bond will be issued on behalf of a business, the underwriter will review the credit report for each legal owner of the entity. In these instances, the social security number for all owners must be provided in the original application submission before pricing can be determined.

In rare situations a few licensing authorities require the applicant's social security number be listed on the official bond form. This is at their discretion and is not something we have any control over. 

All information provided to SuretyBonds.com is stored safely and securely and is never shared or used for any purpose other than underwriting.

If you have any other questions about our application or underwriting processes, call 1 (800) 308-4358 or email customercare@suretybonds.com, and one of our friendly representatives will be happy to help.