Choose from our commonly requested Idaho bonds below.
All dealers need a bond when starting their business. Retail dealers must have a $20,000 bond. Wholesalers need a $40,000 bond. Dealers selling motorcycles, ATVs, UTVs, or snowmobiles must carry a $10,000 bond. If you have been a dealer for 3 years, the ICAR fund may fulfill this requirement.
Fidelity Bonds are needed for various business types including cleaning and janitorial services, financial institutions, and businesses offering employee benefit plans.
A Wage and Welfare Bond (Union Bond) may be required if you are looking to hire union laborers to guarantee you pay them their dues.
Court Bonds are required on a county level for plaintiffs and defendants in all 50 states going through certain processes such as an appeal or replevin. Replevin bonds, appeal bonds, and lien bonds are examples of court bonds.
Probate Bonds (Fiduciary Bonds) may be for someone acting on behalf of another either for financial and/or medical reasons. These can be for administrators or executors, conservators or guardians, and trustees.
From the City of Boise to the Idaho Department of Transportation, surety bonds are utilized to protect the public from financial damage. The surety bond is a way to guarantee there is compensation available to anyone who has experience loss of money due to a principal (the person holding the bond) acting in a deceitful or unlawful manner.
Jet, as the surety company, is the third-party guarantor. We are obligated to pay out justified claims but then must be reimbursed by the principal. For example, if a licensed motor vehicle dealer rolls back an odometer to show fewer miles and then sells said vehicle, the customer can file a claim on the surety bond. Jet would make a payment to the customer up to the bond limit. Read our Surety Bond Claims Guide for more details.
The bond application will only take a few minutes, oftentimes with the option to purchase at the end! Jet's direct model eliminates middlemen agents and brokers, allowing us to provide convenient monthly payments in addition to discounted annual and multi-year rates.