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What is a Utility Bond?

A Utility Bond is a type of financial assurance that allows public or private utilities to protect themselves against risk and uncertainty before going forward with an investment.

Need a Broward County, FL-Utility Connection Permit Bond?

Swiftbonds is the leading provider of bonds in Florida. We understand that every project has unique needs and we’re here to help make sure you have all the resources necessary to get started. Our team can handle any type of utility connection permit bond requirements including water, sewer, gas, electric or telecommunications.

Our goal is to provide you with the best service possible. Contact us today so we can help you get started on your next project! 

Click this right now to learn more about our services or call us at (913) 214-8344.

What are Utility Bond requirements?

Government rules and regulations require many businesses in different industries to obtain license and permit bonds. Meanwhile, utility bonds are required by specific parties prior to performing tasks such as turning on utilities while general liability insurance is required of these companies but commercial insurance usually isn't.

What do Utility Bonds do?

Utility bonds are a necessity for businesses with huge energy expenses. Businesses that use more than the average amount of electricity will need to purchase utility bonds from their local electric company in order to ensure they stay on top of payments every month, or else risk losing out on power by defaulting. These companies can then file claims against those utilities if necessary and get what is owed back without any complications!

The surety will pay the claim amount up to your maximum coverage. If you're a bonded party, then you'll be reimbursed by the insurance company for any claims that exceed your liability limit and trigger additional payments from them. Find a Florida Feed Dealer Bond ($1,000).

How much does a Utility Bond cost?

Utility Bond is a type of surety bond that varies in cost and depends on the credit score of the applicant. Sometimes, personal or business financials may be required depending on what surety amount is needed for bonding purposes. See a Miramar, FL-Developer Bond.

Can I get a Utility Bond with bad credit?

Swiftbonds offers a wide-range of approvals, regardless of credit history or bad credit. One key factor in our success is that we are able to work with 99% of applicants who have been turned down elsewhere due to their poor financial standing. Our knowledgeable underwriting staff will make sure you get the lowest possible price for your bond no matter what personal circumstances may be preventing you from getting approved for other companies' bonds. Read a Lee County, FL-Developer Bond.

How to get your Utility Bond?

Would you like to know the first step in getting your Utility Bond? It's super easy! Fill out our quick online application and get a no obligation quote today. Our Underwriters will contact you within an hour of submission, or come chat with them on the phone for help applying. Find a Jacksonville, FL – Carpentry Subcontractor ($5,000) Bond.