Surety bonds in Connecticut
In Connecticut, contractors, dealers, and licensed professionals frequently encounter surety bonds during the licensing process. The bond protects the public and the obligee that requires it; the bonded business remains responsible for repaying any paid claim.
Bonds commonly required in Connecticut
Contractor / Home Improvement Bond
Certain contractors and home improvement businesses in Connecticut may be required to post a bond protecting consumers.
Motor Vehicle Dealer Bond
Dealers typically carry a bond generally intended to protect buyers and the state.
Notary Public Bond
Where applicable, a notary bond supports the public’s reliance on properly performed notarial acts.
Mortgage / Lending Bond
Mortgage and consumer lending licensees may be required to maintain a surety bond.
Performance & Payment Bonds
Public projects in Connecticut frequently require these bonds to assure completion and payment.
Confirm the specific bond and amount with the obligee or your Connecticut licensing board, then request a quote so you can compare premiums.
A surety bond protects the party requiring it (the obligee) and the public — it is not insurance for your business. If a claim is paid, the principal generally repays the surety. Bond requirements and amounts are set by the obligee and vary by license type and jurisdiction. Verify the exact requirement before you buy.
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