There are over 100 types of Vermont surety bonds Jet can write. Check out the top hitters:
Based on the number of vehicles sold in the previous year, motor vehicle dealers must file a bond between the amounts of $20,000-$35,000 with the Department of Motor Vehicles. Newly licensed dealers are required to have a $35,000 bond.
Fidelity Bonds are needed for various business types including cleaning and janitorial services, financial institutions, and businesses offering employee benefit plans.
Hiring union laborers? While those skilled workers come with benefits you are sure to run into some red tape with the union, such as a Union Bond (Wage and Welfare) requirement.
Court Bonds are required on a county level for plaintiffs and defendants going through certain court processes. Replevin bonds, appeal bonds, and lien bonds are examples of court bonds.
Probate Bonds (Fiduciary Bonds) may be required by the court or within a will for someone acting on behalf of another either for financial or medical reasons. These can be for administrators or executors, conservators or guardians, and trustees.
People in Vermont that are getting a license, applying for a permit, signing a contract, or otherwise doing business must follow certain regulations. One of the tools the state of Vermont uses to protect its citizens is surety bonds. There are several city, county, and state regulatory agencies that mandate individuals and businesses to obtain a bond.
Surety bonds provide a guarantee of compensation to any person or entity financially harmed by a regulated person or business (principal). If a Vermont motor vehicle dealer tampers with a vehicle's odometer to sell it at a higher price, the customer may file a claim on the dealer's license bond to recover damages up to the bond limit. Read how to avoid claims and the claim process in our Surety Bond Claims Guide.
Jet's streamlined bond application gets you quoted and bonded quickly, often within minutes. When able, Jet will file the bond for you to simplify and speed up the process even more.