Public Official Bond

What is a Public Official Bond?

A Public Official Bond is a bond that may be required by a person who takes or is elected into a position of government that serves and would be accountable the people.  The typical elected positions that require a Public Official Bond would be a Treasurer, a Sheriff, or even a Judge.

How does a Public Official Bond work?

This type of Surety Bond guarantees that the elected or appointed Public Official performs their prescribed duty honestly and within the guidelines of their position.  The guidelines are always outlined by the governmental agency the official is serving.  The actual bond guarantees that should the Public Official not meet the obligation of their oath and a financial loss occurs, the bond will pay out to cover the loss up to the full-face value of the bond.

How much does a Public Official Bond Cost?

The cost for a Public Official Bond is typically based on the credit history of the Public Official, the checks and balances that are put in place by the governmental agency they are serving, and the amount of the bond in place.  Should an account be considered borderline, we may need to review personal financials, a resume for the Public Official, and be sure that all work performed is cross checked by another individual, normally a supervisor. At Universal Service Agency we specialize in placing clients in any circumstance that may present itself from “superior credit” to “less than perfect credit” and everything in between.

How do I get a Public Official Bond?

You can get a Public Official Bond by contacting surety bond agents/brokers. Since you’re already here, you can give us a call at 215-646-2400 or Apply Now here.

How to Choose a Bonding Company?

Universal Service Agency offers Surety Service Made Simple. We are the fastest surety only agency in the country, with over 100 years of combined surety experience servicing all 50 states. We exhaust all of our resources to get you the fastest turnaround times and lowest rates. We can help anyone, even clients that may not fit into the standard market. You can get a free quote here or call our bond experts at 215-646-2400.

How long does it take to get a Public Official Bond?

Universal Service Agency can issue bonds the same day as long as the Public Official is motivated to complete all of the requirements. The amount of time between application and issuance is affected by a number of factors though, including but not limited to, the size of the obligation, the type of bond, and promptness of the premium payment.

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Universal Service Agency is the fastest “surety only” agency in the country, with over 100 years of combined surety experience servicing all 50 states.