Utility Bond
What is a Utility Bond?
A Utility Bond is a type of Commercial bond that ensures payment for utility services rendered.
Protects utility providers from financial loss due to non-payment by businesses or individuals.
Required by utility companies to minimize risk and secure payment for services.
Applicant’s personal or business information, credit history, utility provider, and bond amount.
Generally 1-5% of the bond amount, depending on credit history.
