What Kind of Bond Do I Need?
Additional Information
What type of surety bond do I need?
You will need to ask whoever is requiring it of you to figure this out. Is it tied to a license or a court or a performance?
How do I get my business bonded and insured?
For insurance, reach out to your insurance agent. For bonds, you can find your bond, complete the application, pay for and receive your bond all through our website.
What should I use for surety bond effective date?
Typically, the obligee (entity requiring the bond) will advise you on what effective date should be used. In most instances it should match the date of your license/the date the work project begins.
How do I know the bond amount to request?
The obligee (entity requiring the bond) will determine the amount. It is usually a statutory requirement.
What if I cannot locate the Bond Application I am needing?
Search for your bond today!
What Is The Process?
Additional Information
Can I save my application to complete at a later time?
Yes, we have a save for later button. You will receive an email with the link to complete the transaction.
Will I be notified when my bond is due for renewal?
Yes, we will send out an email 60 and 30 days out that your bond if up for renewal at which point you will be prompted to make a payment. If you are enrolled in autopay the card on file will be charged for the bond and it will automatically renew. Any documentation required, a continuation certificate or a new bond form will also be provided. If another payment method was used or the card expired, we will notify that we need updated payment information to renew the bond or it will be cancelled.
Why do I need to submit an application in order to get a quote?
The application contains all the necessary information that is on the bond copy. We require this so we automatically issue the bond through our system. The information from the application is mapped exactly where it needs to go on the bond form
What does the ``Share the link`` button do?
This allows a person to send to another to complete the bond transaction. The link is valid for seven days.
I need an Original/Wet Signature/Raised Seal, how can I get it?
If an obligee is requiring a wet copy with raised seal, please let us know right away and we will get one mailed.
How can I get an original bond mailed to me and how long will it take to arrive?
Contact us your underwriter or support@propellerbonds.com and let us know that you need the bond mailed. We can discuss if you need it overnight or normal mail.
How long does it take to get bonded?
Depends on the type of bond and information required. Most of our bonds are instantaneous while others could take 1-2 business days.
What can I expect after my bond application has been submitted to underwriting for review?
We will contact if any additional information is required. Once approved, you will receive an email stating you need to pay for your bond. Once the bond is paid for it will be issued.
What do I do once I receive the ``Congrats on Your Bond Purchase`` email?
This will have your bond documents. In most cases you need to sign the bond and then turn it in to the Oblige (entity requiring the bond).
Who can I contact regarding the status of my bond application?
Does Propeller offer electronic filing on certain bonds?
Yes. If accepted by the obligee we will electronically file the bond on your behalf. If your bond can be electronically filed you will be advised of this in your purchase email ( EX. We currently electronically file all WA, OR, CA contractors license bonds).
What do I do with my bond once I receive it?
Sign it and turn it in to the oblige (entity requiring the bond).
How long will it take to get my surety bond?
It depends on the requirements for the bond. We have thousands of instant issue bonds that are automatically issued to you immediately after purchase. If a bond requires additional underwriting it will be referred to our underwriting department who will be in contact with you within 48 hours.
Who receives the bond application submission/final approval emails?
The agent and client will be included in all emails.
How will I obtain bond documents required for my bond renewal?
We will automatically send those documents once the renewal is paid.
What happens if there is a claim filed on my bond?
The surety will get notified by the lige that they are claiming on the bond. A claim does not automatically mean a loss. The surety will work with the Principal to try and resolve the issue or reason for claim before paying out any money.
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