Premium varies by bond type, bond amount, and the principal’s credit and financial profile. Standard-credit pricing typically runs 1%–3% of the bond amount annually for most license, permit, and small contract bonds. Credit-challenged principals access specialty markets at higher rates, typically 3%–10% or more. For larger contract bonds (performance and payment over $1M), pricing benefits from established working capital and financial-statement quality — strong contractors can sometimes secure rates under 1%. Smaller bonds often have minimum premiums regardless of bond amount ($100–$250 is common). We pre-qualify principals across multiple sureties to find the best available rate.