Public Official Bond - Apply Online Today | Bonding Solutions

Public Official Bond

Public official bonds are a type of surety bond required from public officials to ensure the truthful and honest performance of duties.

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What is a Public Official Bond?

A public official bond works like any other surety bond. It is often required for organizations that provide public services, guaranteeing their faithful and honest work performance. Because most public officials work with money and sensitive information, public official bonds ensure these individuals can be trusted for their services. 

A public official is obligated to act in the public’s best interest, regardless of the types of services. The surety bond works as insurance in case of misdeeds or frauds and the public official will be held accountable and required to provide reimbursement. The surety agency that issued the bond will reimburse the party who made the claim and the public official will be responsible for repayment to the surety agency.

Bonding Solutions | Public Official Bond
Bonding Solutions | Public Official Bond
Bonding Solutions | Public Official Bond

How much will a Public Official Bond cost?

The public official bond price depends on many factors, including the following: 

  • The bond amount required by the city, county, and/or state 
  • The risk involved with the specific profession
  • The credit score, financial statement, and other similar factors of the person requesting the bond

You can expect the public official bond premium to cost somewhere at 1-4% of the total bond amount. At Bonding Solutions, we provide the best rates for our clients and ensure ease when applying for a public official bond. Contact us here or apply online to find out your public official bond cost

Why are Public Official Bonds Required?

Public official bonds are often required by states and government institutions. Although not all public officials need to obtain this surety bond, these entities usually do:

  • Tax collectors 
  • Treasurers
  • Postal units
  • Town supervisors
  • Sheriffs and deputies
  • Judges and court clerks

A public official bond works as a guarantee against financial loss in case these entities fail to comply with the law and other specific terms of their profession. Because public officials handle money, budgets, and sensitive information, they need to be bonded to ensure legal and truthful performance. State and local statutes require a public official bond before granting the work permit to public officials.

How do I get started?

Bonding Solutions provides the best bonding services, nationwide. We are licensed in all 50 states which means we can underwrite any public official bond in any state. Our application process is easy and only takes a few minutes. Once you fill out an online application, a team member will reach out to you providing more information about your bond. A dedicated team member will be there to walk you through each step of the application process to ensure expedited services! If you are unsure about whether or not you need a public official bond or another bond type, contact our office directly by clicking HERE!

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