It's all based on Risk.

#1: Type of Bond.
Certain bonds are inherently more risky than others. 

#2: Amount of Bond
Surety bond cost depends on the total bond amount.The Bond Price price is a percentage of the total.

#3: Personal Credit History
The better your credit, the lower the bond cost. 

#4: Business Credit History
Have you been:

  • Paying on time and above the minimum needed?
  • Using new credit cards to pay off old ones?.
  • Managing your business finances well?
  • Planning for moving forward?

#5: Finances
Past and current finances indicate how your money hass been managed in the past. This predicts performance in the future.

  • Improve your working capital by refinancing short-term debt into long-term debt.
  • Provide reliable and strong references.
  • Demonstrate adherence to a current budget.

#6: Industry Experience
A first-time business owner is riskier than one with valid work experience.

#7: Time in Business
This is a direct correlation of copmany longevity, in good times and bad.

#8: Character, An important factor
A positive reputation and references in both personal and business

#9: Past Convictions

Background checks are ofte run before approving bond applicants. Past convictions don’t automatically disqualify applicants, but they will increase surety bond costs. If possible, court documents that show your civil rights have been restored. Be honest up front and don’t hide anything.

#10: Loss of License
Loss of a license doesn’t look good to a surety. Be honest and be preared to explain.

#11: U.S. Citizenship
US citizens are viewed as lower risk due to physical ties to the US that would enforce payment of a bond claim.

#12: Surety Bond Company
Some companies have stricter evaluation processes than others, and some have higher premiums.

Contact Bryden and Sullivan to ensure you are getting the lowest rate for your bond.

Insurance ... simple and done!

Hyannis Office
88 Falmouth Road Rt 28
Hyannis, MA 02601
FAX 508-790-1414


Hours  Monday - Friday
9 am -  4:30 pm

Bryden and Sullivan operates solely within the State of Massachusetts
Please note that coverage cannot be issued, started, cancelled, reinstated or changed via email
without written confirmation from our Agency.
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Dennis Office
485 Route 134, PO Box 1497
So. Dennis MA 02660
FAX 508-394-2267