What are outdoor advertising bonds?
Those who advertise outdoors (i.e., on billboards) must post a surety bond. Outdoor advertising bonds ensure that businesses follow laws and regulations for installing, maintaining, and removing advertisements. Obtaining this surety bond is part of the licensing or permitting process in several states. Your local government may also have surety bond requirements. Outdoor advertising bonds may go by other names like sign permit bonds, sign contractor bonds, or sign license bonds.
Outdoor Advertising Surety Bond Requirements
A handful of states and some local municipalities require this license and permit bond. Costs and requirements can vary by location, so be sure to check your governing agency for specific information. Generally, outdoor advertising bond amounts required vary from $1,000 to $25,000. If you have questions or want to get a bond quote, contact ZipBonds.Get Your Outdoor Advertising Bond:
Quick Takeaways
- An outdoor advertising bond ensures that businesses follow state laws and regulations for installing, maintaining, and removing advertisements.
- The primary purpose of your surety bond is to protect the public and state if you break the law or violate your surety contract.
- Outdoor advertising bond amounts may vary, ranging from $1,000 to $25,000.
How do outdoor adverting bonds work?
These bonds involve three different parties:
- Surety: The company that underwrites and issues the surety bond
- Obligee: The governing authority that requires the bond
- Principal: The advertising business that must buy and post the bond
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The primary purpose of your surety bond is to protect the public and state if you break the law or violate your surety contract. If you unlawfully install, maintain, or remove a sign, the state may file a claim against your bond for compensation. The surety may settle the claim for you, and then you must repay them in full. To avoid claims on your bond, make sure you understand and follow state and local laws and your surety bond terms.
How much do outdoor advertising bonds cost?
If you have excellent credit and strong financial backing, you could pay as low as 1% of the surety bond amount. If you have a low credit score, you may pay a higher rate.
Get an Outdoor Advertising Bond in Your State
ZipBonds is the fastest and most secure way to get the bond you need. We take out the pain of long, complicated applications. Most of our bonds are approved and processed immediately. Get your outdoor advertising bond today by applying below – or call us directly, and we’d be happy to walk you through the process.
About ZipBonds.com
Founders Ryan Swalve and Zach Mefferd formed the vision for ZipBonds.com when they realized how overly complicated it was to help clients place surety. The frustration of being unable to incorporate the technology they’d used in other insurance-focused projects left them thinking “there has to be a better way.”
Fast forward a couple of years, and that better way is the impetus of everything we do at ZipBonds. We constantly look for innovative ways to improve the bonding process for our clients and agents. Our team comprises individuals who understand all angles of surety – for companies, agencies, and individuals. Incorporating everyone’s point of view to improve the process while simultaneously integrating cutting-edge technology is what sets our business apart.