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Commercial bonds, also known as business bonds or commercial surety bonds, are agreements that protect businesses and their clients. They are required by federal, state and local laws for obtaining professional licensure in various industries, such as by healthcare providers, real estate agents, and even those who act as securities dealers. The most common purpose of business bonds is to ensure that a business owes nothing to anyone if they fail to pay obligations or break laws. There are industries that require a bond to show that an entrepreneur is fit for your new job, marry you, or live in their home5. These are called “debarment” situations and have specific rules the bonding company must follow.

Commercial bonds are bonds issued by the government and there are bonds issued by the companies. The investors through these bonds can lend money to the companies and government. Once the period of maturity comes, they can get profit as per their contract. There are different types of bonds such as treasury bills and corporate bonds. There are many renowned sites available via which you can easily search for different types of bond and compare different aspects when choosing one for yourself. For more detail, please refer to the info-graphic below.

Commercial bonds are mainly required by the companies and working professionals who need these surety bonds for different purposes such as legal issues, construction projects or other sorts of contractual work.

The infographic “Different Types of Commercial Bonds’ uploaded by suretegrity.com is specifically designed to impart the users a better understanding of Commercial bonds. It includes an overview of 7 most popular commercial bonds and how much do these bonds cost.

The first one in the list is ‘Agriculture & Citrus Surety Bonds’ which is meant for the individuals who buy and resell agricultural products. They are required to post a surety bond and canoe licensed with the Department of Agriculture. Likewise, ‘Auto Dealer Surety Bonds’ are for the people who want to get their vehicle dealer licensee and have to provide this bond as a guarantee.

The third one in the list is ‘Contractor’s License Surety Bonds’ which helps in guaranteeing the fact that the contractor will remain in compliance with all the applicable laws pertaining to their profession. You can also get to know more about these commercial bonds by visiting the below infographic.