License & Permit Bonds

License & Permit Bonds are required of an Agency to grant a license or permit.

Some of the more popular license and permit bonds are shown below. Please call us at (914) 667-7700 if the type of bond you require is not included on the list.


Contractor License

A Contractor License bond guarantees the contractor will comply with all statutes and licenses the state requires.

Guarantee Bond

 Guarantee the payment of a sum of money at some future date.

Fund Raiser

Bond that guarantees faithful performance of fund raising events.

Street Obstruction

A Street Obstruction Bond covers compliance with ordinances and indemnifies city against claims arising by reason of a permit to obstruct streets.


Many municipalities provide by ordinance that a developer who undertakes to develop a housing or industrial subdivision shall give bond with surety to guarantee that, within a specified time, improvements on the property, such as streets, sidewalks, curbs, gutters, and sewers will be constructed.

ERISA Benefits

Employee Retirement Income Security Act (ERISA) was enacted to regulate most types of employee benefit plans. This act required a fidelity bond covering those responsible for managing the plan (fiduciary) and those that handle the funds or other property of the plan. The Fidelity Bond Coverage is issued to protect the plan from fraudulent or dishonest acts of those covered by the bond.

Wage & Welfare

Wage Bonds guarantee employer contribution to welfare funds, including payment of wages. Please confirm with your Union and/or Obligee the specific bond requirements and amounts of the bonds.

Customs Bonds

Customs Bonds guarantee the payment of the import duties and taxes, and compliance with regulations, govering the entry into the United States of merchandise from foreign countries

Medical Bonds (DMEPOS)

Surety bond for Suppliers of Durable Medical Equipment, Prosthetics, Orthotics, and Supplies