This surety bond is required by the Public Utilities Commission. The bond states that the bond holder will comply with all applicable provisions of South Dakota State Law and reimburse customers for any prepayment or deposits they have made which may be unable or unwilling to return to customers as a result of insolvency or other business failure. The required bond amount is $25,000. In most cases, the premium on this bond is as little as $250.
To Acquire a South Dakota Indemnity Bond:
- Complete an online application.
- One of our expert commercial surety agents will call and email you with the firm quote and an agreement to sign.
- Provide payment and your signed agreement, then you will receive your bond!
** all bonds are subject to the underwriting terms and conditions of the issuing company.