Water And Sewer Bond
What is a Water And Sewer Bond?
A water and sewer bond is required by a utility before a business is allowed to use their services. A utility incurs significant expense when they are setting up a new infrastructure. Therefore, a water and sewer bond offsets the risk of the business not making payments for the utility’s services.
Purchasing Your Water And Sewer Bond
1. Click the Buy Now button.
2. Fill out the easy bond form.
3. Confirm your order and select how you would like your bond documents delivered. Email or regular mail.
4. Pay for your bond.
5. If you chose to have your documents emailed, you will receive them within minutes.
It’s that simple and fast!
Pricing & Terms
Surety bond costs are a percentage of the full bond amount, which is usually determined by your personal credit. Providing industry experience, strong personal credit, and business/personal financials will help lower your bond rate. Reach out for a quote today.
How It Works
Water and sewer bonds are a contract between a utility, the bond issuer, and the business. The utility is the obligee as it mandates the purchase of the bond before agreeing to provide services. The bond issuer is the surety which collects a premium from the business and puts up the bond. The business is the principal.
If the business fails to make payments in a timely manner, then the utility will lead to a claim against the bond. In some ways, a water and sewer bond is a financial guarantee that the utility will be able to collect payment for its services in one way or another.
Bond Purchase Process
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Frequently Asked Questions
Looking to Get Started or Have Questions?
The bonding process can be confusing and cumbersome. Our surety bond experts are standing by and ready to answer any questions. Let’s get you bonded today!