How would you determine how much of a surety bond is needed?

As a principal at SuretyBonds.com -- one of the nation's leading surety bond producers -- this is a question that I answer frequently.

Because you posted in the Cars & Vehicles category, I assume that you need an auto dealer/motor vehicle dealer surety bond for your state. The best way to find out the required amount of your surety bond is to contact your state's government agency that handles licensing and registration for your industry. For example, if you're an auto dealer in Arizona, you'll contact the Arizona Department of Transportation. No matter what type of surety bond you need and what state you'll practice business in, inquiring with the government agency about the required bond amount is always a great place to start. Often, these government agencies will have this information on their websites.

Once you know your required bond amount, you can contact a reputable surety bond producer -- such as SuretyBonds.com -- to purchase your bond. The amount you pay for your bond will depend on your credit score, the type of bond you need, the state for which you need the bond and a few other factors.