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Most Popular Bonds in South Dakota
- Appraisal Management Company Bond
South Dakota appraisal management companies must be bonded to receive a license.
- Business Service Bond
Those who work in clients' homes or businesses purchase these bonds to protect against theft
- Freight Broker Bond (BMC-84)
Required by the FMCSA for those who operate as a freight broker or freight forwarder
- Janitorial Service Bond
Individuals who operate a cleaning company purchase these bonds to protect against theft
- Money Lender Bond
Required for individuals engaged in the business of lending money
- Money Transmitter Bond
Required if you operate as a money transmitter
- Motor Vehicle Dealer Bond
Required for individuals who sell, exchange, or negotiate sales for 5 or more vehicles per year
- Notary Bond
Required for individuals who administer oaths and acknowledge signatures
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South Dakota Surety Bond Costs
“How much will my surety bond cost?” is the most common question our clients ask. Although several factors impact your exact surety bond cost, the primary factor is risk. “High risk” means there’s an increased chance that a claim will be made against a bond; these bonds typically require underwriting consideration. Low-risk bonds, on the other hand, can often be issued instantly for a set price.
$5,000 South Dakota notary bond with $5,000 Errors & Omission, for example, are issued instantly at $50 for a 6-year term. $10,000 Money Lender Bonds, though also issued for South Dakota, require a review of the applicant’s credit history and bond amount. This bond can cost as low at $150, depending on the applicant’s credentials.
Consulting a surety professional is the best way to determine your exact surety bond cost in South Dakota. You can request your free quote online, or you can call 1 (800) 308-4358 to speak with an experienced bond specialist. SuretyBonds.com works with you to provide the lowest available rate, no matter your circumstances.
Determining Your South Dakota Bond Type
With thousands of unique surety bond forms available nationwide, we know that determining the exact one you need can be confusing. South Dakota has a variety of surety bond requirements, and it’s important to provide the right bond to earn licensure or protect a title on a vehicle, for example.
Contacting the obligee — the entity requiring the bond — is the best way to ensure you’re obtaining the correct bond. The department, office, or board requiring the bond can connect you with the bond form needed, as well as your required bond amount. These two pieces of information can speed up the bonding process when you work with SuretyBonds.com and guarantee you’re getting the bond you need at the best price available.
The SuretyBonds.com Advantage
Our mission is to provide every client with fast, easy, and accurate service while offering the best available rate. We achieve this by maintaining relationships with the nation’s leading surety underwriters, which ensures our clients have access to the lowest premiums. Over the years, we’ve also perfected our proprietary bonding system, which allows us to provide clients with unparalleled turnaround times.
South Dakota License Information
SuretyBonds.com is legally licensed to issue bonds in South Dakota.
Agency License #40100209
Agent Producer License # 10015375