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The real question is not the cost, but can you qualify for the bond. This applies to cotract performance bonds. If you are referring to permit bonds they are easy to get and cost about $100. However, do not confuse the difference between bonding and insurance. Wth a bond you will agree to repay the bonding company if they incurr any expense or pay any claim from the bond. On an insurance claim you do not repay the insurance company if they pay a claim on your policy unless you have a deductible.

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14y ago
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16y ago

Depends on the amount of the contract. It is usually determined by a percentage.

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Q: How much does it cost to get bonding insurance?
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