Frequently Asked Questions (FAQ)
Bond Amount is $10,000.00. Standard Rate is 1.000% per year; with a minimum premium of $100.00.
ALABAMA-CITY OF MOBILE – CONTRACTOR
ALABAMA-CITY OF MOBILE – CONTRACTOR – $10,000.00
Underwriting Details
This bond is set at Category 1 – Instant Issue. Quote will be instantly approved and available for purchase.
Bond Amount is $10,000.00.
Standard Rate is 1.000% per year; with a minimum premium of $100.00.
Standard / Default term is 1 year.
A multiyear discount is available at 25% on subsequent years.
A signed application is not required.
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Execution Notes
Bond is electronically signed by the Surety Attorney in Fact.
Filing Method
Executed bond must be filed with the obligee by agent/principal.