How much do surety bonds cost?

Regardless of the bond amount, the median premium for a surety bond is $8 per month ($100 annually) among Insureon's small business customers. The median cost is a better estimate of what your business might pay than the average cost as it eliminates high and low outliers.

Most small business owners (55%) pay between $100 and $200 per year for a surety bond and 16% pay less than $100 per year. These figures were derived from an analysis of bonds purchased by Insureon small business customers.

Insureon’s analysis of surety bond costs shows that a business’s industry can have an impact on premium costs. High-risk businesses, such as construction companies, may have to pay a higher percentage of the bond amount (for example, 10% or more) as a premium. A low-risk business could pay as little as 1% of the bond's value.

For example, view the cost of surety bonds for cleaning businesses.

If you want car insurance that pays for a wide range of damage, you have to pay more for it. The same rule applies to business insurance: If you want a policy with higher coverage limits, expect to pay more than you would for basic coverage.

The median generic limit for a surety bond is $10,000 for Insureon small business customers.

Insurance premiums vary based on the policies a business buys. See our small business insurance cost overview or explore costs for a specific policy.

• General liability insurance
• Professional liability insurance
• Business owner’s policy
• Errors and omissions insurance
• Workers' compensation insurance
• Cyber liability insurance
• Commercial umbrella insurance
• Commercial auto insurance
• Employment practices liability insurance
• Directors and officers insurance