What is a surety bond?

A surety bond is a three-party agreement where the surety (insurance company) guarantees to the obligee (the party requiring the bond) that the principal (you) will fulfill their obligations. If you fail to perform, the surety pays the claim and seeks reimbursement from you.

How much does a surety bond cost?

Most surety bonds cost 1–3% of the bond amount per year. For example, a $10,000 Oregon contractor license bond typically costs $100–$300 per year. Your rate depends on your credit score, business history, and the bond type.

How quickly can I get bonded?

Most standard bonds (contractor license, notary, auto dealer) can be issued the same business day through our online portal. Larger performance and payment bonds may take 1–3 business days depending on the project size.

Do I need a surety bond to get my Oregon contractor license?

Yes. The Oregon Construction Contractors Board (CCB) requires all licensed contractors to carry a surety bond. The required amount varies by license type — residential general contractors need a $20,000 bond, while commercial contractors need $25,000.

What's the difference between a bond and insurance?

Insurance protects you from losses. A surety bond protects the party you're working for. If a bond claim is paid, the surety company will seek reimbursement from you — so bonds are more like a credit guarantee than traditional insurance.

Can I get bonded with bad credit?

Yes, in many cases. We work with specialty surety markets that offer bonds to applicants with challenged credit, though the premium rate will be higher. Contact us to discuss your specific situation.

Surety bonds Oregon — Gerald Ross Agency

Astoria Surety Bonds

Astoria and Clatsop County surety bond specialists. We serve contractors, auto dealers, and businesses throughout the North Oregon Coast.

Get Bonded Today (541) 469-3144

Astoria Surety Bonds

Astoria and Clatsop County surety bond specialists. We serve contractors, auto dealers, and businesses throughout the North Oregon Coast.

Get A Quote (541) 469-3144

Astoria Surety Bonds

Astoria and Clatsop County surety bond specialists. We serve contractors, auto dealers, and businesses throughout the North Oregon Coast.

As an independent insurance agency, Gerald Ross Agency works with multiple surety companies to find the best rate and terms for your specific situation. Most standard bonds can be issued the same business day.

Bond Types Available

Contractor License Bonds (Oregon CCB)

Performance & Payment Bonds

Bid Bonds

Auto Dealer Bonds

Notary Bonds

Court & Probate Bonds

ERISA Bonds (401k)

Cannabis License Bonds

Freight Broker Bonds (BMC-84)

Fidelity & Commercial Bonds

Get Bonded Today

Get Bonded Online

Use our online bonding portal for instant quotes and same-day issuance on most standard bonds.

Get Bonded Today (541) 469-3144

Surety Bonds by Location

Prineville Surety Bonds Redmond Surety Bonds Madras Surety Bonds Terrebonne Surety Bonds Oregon Coast Surety Bonds Sisters Surety Bonds

Frequently Asked Questions

Common questions about surety bonds in Oregon

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Ready to protect what matters most? Contact us today for a no-obligation insurance review. Our experienced agents are here to help you find the right coverage for your needs.