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Platinum Bonds Insurance Agency

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Performance Bond

Any seller (telephone soliciting business) engaging in telephone solicitation or sales in Utah. Required when: Engaging in telephone solicitation or sales that originate in Utah, are received in Utah, or involve business operations in Utah. Exemptions: Exemptions are listed in Utah Code § 13-26-4 and include licensed …

Bond amount"$25,000 if the seller has fewer than 10 employees and no violations of the Tel…
State or jurisdictionUtah
ObligeeUtah Division of Consumer Protection

Essential point: Pin down whether this is your bond, then start the application. Ava can confirm the right state and license type if you are not sure.

Amounts can vary

Selected requirement: "$25,000 if the seller has fewer than 10 employees and no violations of the Tel…. Other available requirements: "$25,000 if the seller has fewer than 10 employees and no violations of the Telephone Fraud Prevention Act in the past 3 years; $50,000 if the seller has 10 or more employees and no violations in the past 3 years; $75,000 if the seller or …. Exact options still depend on the obligee, state, and underwriting.

Google icon5.0 ★★★★★Google review profileBBB iconBBB A+ AccreditedView the agency profile
2323 yearsHelping clients and agents
Overview

What it is.

Any seller (telephone soliciting business) engaging in telephone solicitation or sales in Utah. Required when: Engaging in telephone solicitation or sales that originate in Utah, are received in Utah, or involve business operations in Utah. Exemptions: Exemptions are listed in Utah Code § 13-26-4 and include licensed …

Who usually needs it

Any seller (telephone soliciting business) engaging in telephone solicitation or sales in Utah.

Pricing & timing

What to expect.

Generic pricing

Performance bonds guarantee that a contractor will complete a project according to the contract terms. Typical Pricing:. • Small contracts: Commonly around 1–5% of the contract value (one-time upfront premium). • Larger contracts: Rates generally scale lower as contract size increases. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. • Full underwriting required: Credit, financials, experience, and bonding history reviewed. Performance bonds are typically required for public construction projects and many private projects. Bond amounts are usually 100% of the contract value. Rates may be higher when risk factors a…

Your quote determines the actual premium.

Typical timeframe

Full underwriting required — typically 3–5 business days

Timing can change when underwriting needs more information.
Application details

How it works.

  1. Start the application

    Confirm the bond and provide applicant and business details.

  2. Review the quote

    See the terms and premium before deciding to continue.

  3. Pay and sign

    Complete the required payment and signatures.

  4. Receive the bond

    Get the issued bond and filing or delivery instructions.

Platinum Bonds

Experience behind every bond.

Helpful guidance, a real agency team, and a clear path from research to application.

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“Finally a company that understands what customer service is supposed to be.”

★★★★★

“My bond application was processed and received very quickly.”

★★★★★

“I highly recommend you do business with these folks.”

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23 years

Offering service to clients and agents alike.

Next step

Ready to move forward?

Start the secure application with this bond already selected, or ask Ava a question before you begin.

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