← Back to Bond types
Performance Bond

Surety Performance Bond

Every applicant for a license as a bail agent (resident and non-resident) and bail agencies Required when: Application for a bail agent or bail agency license

Overview

What it is.

Every applicant for a license as a bail agent (resident and non-resident) and bail agencies Required when: Application for a bail agent or bail agency license

Who usually needs it

Every applicant for a license as a bail agent (resident and non-resident) and bail agencies

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 bon…

Typical timeframe

Full underwriting required — typically 3–5 business days

Application

What to do next.

  1. Tell us the bond name, state, and amount on your form.
  2. Share business and applicant info so the team can quote it.
  3. Sign and pay; we issue the bond and send you the documents.
  4. Keep your effective date and renewal date on file with us.
Start the application.

You are on the exact bond page. The next step is to start the quick application.

Details

Bond details.

StateID
Bond amount$15,000
Term lengthContinuous
ObligeeIdaho Department of Insurance
RenewalThe bond must be maintained as long as the license is active. Licenses are renewed every two years. If the bond is cancelled, the licensee will receive notice from the Department and has 21 days from the date of receipt…
Bond classPerformance Bond
CategoryInsurance
BondSurety Performance Bond
Statutory referenceIdaho Code § 41-1040
JurisdictionState
More bonds
Next step

Ready to move forward?

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.