License and Permit Bonds

License Bonds

Used interchangeably with the term “permit bond” to describe bonds required by state law, municipal ordinance or regulation, to be filed prior to the granting of a license to engage in a particular business or a permit to exercise a particular privilege. Such bonds provide payment to the obligee for loss or damage resulting from violations by the licensee of the duties and obligations imposed upon him.

License & Permit Bonds for Cities

License bonds guarantee compliance with various city, county and state laws that govern issuance of a particular license to conduct business. Permit bonds guarantee that a person licensed by a city, county or state agency will perform activities for which the bond was granted, according to the regulations governing the license.

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