Most companies use a surety bond broker or dealer to help them through the process of obtaining a surety bond. The surety broker will work with the surety bond company on their behalf and often has access to several different surety bond markets in order to get the best price.
Starting the surety bonding process typically begins with the principal (the company) completing a surety bond application. A surety bond broker or dealer will then use the information on the application along with personal credit history of the company ownership to evaluate the risk of default.
While some smaller bonds may be underwritten and approved based upon solely the good personal credit of the business owner, companies needing several bonds may