Specialty Bonds for Every Industry

Specialty bonds are surety bonds required for specific regulated industries including customs importers, energy companies, licensed contractors, and federal program participants. These bonds guarantee compliance with industry-specific regulations and typically range from $10,000 to $50 million+ depending on the industry and activity.

Customs bonds typically cost 0.5% to 2% of the bond amount annually. For example, the standard $50,000 continuous customs bond costs $250-$1,000 per year depending on import volume, financial strength, and business experience. Single-entry customs bonds have minimum premiums around $100.

Continuous customs bonds ($50,000 minimum) cover all imports for one year and are required for importers with regular shipments. Single-entry customs bonds cover one specific shipment and are calculated based on the value of that shipment. Continuous bonds are more cost-effective for frequent importers.

Collateral requirements vary by bond type and amount. Smaller specialty bonds under $25,000 often require no collateral with good credit. Larger bonds for mining reclamation or energy operations may require cash deposits, letters of credit, or real estate depending on the surety company's underwriting assessment of risk.

Standard specialty bonds can be issued within 24-48 hours for qualified applicants. Smaller customs bonds and license bonds may have same-day approval. Larger mining reclamation bonds or complex energy bonds requiring financial review typically take 1-2 weeks for underwriting and approval.