Maine Public Official | $10,000 Public Official Surety Bond

Also known as: public official bond

Type of Bond

A Maine public official bond is a type of surety bond required for individuals who hold public office or are appointed to certain positions of authority within the state. The bond serves as a financial guarantee that the public official will perform their duties faithfully and ethically, in accordance with the law and the best interests of the public. The purpose of a public official bond is to protect the state and its citizens from any financial losses or damages that may arise due to the misconduct or negligence of a public official. It provides assurance that the official will fulfill their responsibilities, act in good faith, and handle public funds and resources with integrity. The bond amount required for a public official may vary depending on the specific position and the level of risk associated with it. It is typically determined by state laws or regulations. The bond must be obtained from a surety company authorized to issue bonds in Maine. If a public official engages in fraudulent or wrongful activities, or fails to perform their duties properly, a claim can be filed against the bond. In such cases, affected parties can seek compensation up to the bond amount from the surety company that issued the bond. However, the public official remains personally liable for any damages or losses incurred. By requiring public officials to obtain a bond, the state aims to ensure accountability and integrity in government positions. It helps to protect taxpayers and instill confidence in the public sector by providing financial recourse in the event of misconduct or breach of duty. In summary, a Maine public official bond is a surety bond required for individuals holding public office or appointed positions of authority. It guarantees that the official will fulfill their duties faithfully and ethically. The bond provides financial protection to the state and its citizens and helps maintain trust and accountability in the public sector.


Program

The price you'll pay for your $10,000 Public Official Bond is generally based on your personal credit score. Start a free online quote by just completing a simple app or by calling 888-518-8011. Our experts will walk you through a very simple process. Compare our quote as the very lowest price, and then you're good to go! It's that simple!

We provide all types of $10,000 Public Official Bonds. Worldwide Insurance Specialists, Inc. has "in house" underwriting authority with the largest and best Surety (Insurance) companies in the world including, Great American, Liberty Mutual, Philadelphia, Travelers, and CNA Surety. All of these surety bond companies are A-rated under the AM Best credit rating system, and T-listed with the U.S. Department of Treasury. This guarantees that by getting bonded through us, you will be provided the backing of these highly trustworthy and reliable companies.


Application

The application process for a $10,000 Public Official Bonds is easy! Many Bonds are INSTANT ISSUE! Easy Application, no underwriting, no credit check, no GIA required. Our NEW Desktop underwriting program provides you with a rapid approval process used to determine the degree of risk that you (the Principle) complete a project or obligation. Non-INSTANT ISSUE quotes can also get instantly approved. Submissions require very little information from you. Once you file and sign an indemnity agreement, we issue the Bond. It's that simple! We quote and issue Surety Bonds of every type and will help you through the entire process. These applications only require basic information about your business, bond type, and ownership structure. Once the application is complete, we submit to the insurance company (Surety) who will then issue your bond. Don't pay too much! Get your Bond Fast, and Easy with the best price! Click here to start the Public Official Bond Application process.

The Maine Public Official Bond amount is currently set at  $10,000.

Obligee Information

An obligee is the entity that is requiring you to have the Public Official bond.

Obligee: Public Official
Street: Can Be any city
State: Maine
Zip: 49121