The risk associated with the type of bond you need in Delaware will affect its cost. Low-risk bonds such as those required for security system installers can be issued instantly for a low, flat rate without a credit check. High-risk bonds such as those required for contractors typically require underwriting consideration before a premium can be offered.
Rates for accounts that require underwriting usually start at 1-3% of the bond amount. For example, a $25,000 private school bond would cost just $250-$750 for applicants qualified for a standard market.
Consulting a surety expert is the best way to determine your exact surety bond cost in Delaware. You can request a free quote online instantly or by calling 1 (800) 308-4358. Our team will work with you to find the lowest rate available.