New York Advance Payment of Commission Surety Bond
New York Advance Payment of Commission Bonds are required by the Surrogate Court. The required bond amount is set by the Obligee. Its purpose is to guarantee repayment or liquidation by the principal of moneys advanced in connection with a construction or supply bond or other type of contract.
Bond Amount – Set by the Obligee
Renewal Document – None
Cost of Bond – Varies – Starting as low as 1% of the total bond amount, but may sometimes be higher due to more of a financial guarantee nature of the obligation.
Click on the START MY APPLICATION button to complete our simple, online bonding application. Completing our application allows the underwriters at our office to provide you with a specific quote for the exact bond you need. After you submit our online application, we will respond and get the process going immediately!
HAVE QUESTIONS?
HAVE QUESTIONS?We know the surety bond requirements for New York State and are happy to answer any questions you may have. Feel free to call us at 888.681.7685, email us directly at [email protected], or fill out the form below and we’ll get right back to you! We look forward to the opportunity to earn your business!