Connecticut Eversource utility deposit bonds.
From $100.
When Eversource Energy asks a Connecticut customer for a security deposit before turning on electric or gas service, most account holders can post a surety bond instead of tying up cash. Eversource sets the required amount; our premium runs 2% of the bond amount, $100 minimum.
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How much does a Connecticut Eversource utility deposit bond cost?
2% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No long underwriting queue for a standard utility deposit bond — enter your amount, pay, and send the bond to Eversource. Here is the whole thing:
Apply online
Your business or account details, the service address, the deposit amount Eversource required, and the effective date — that is the application.
Issued on the spot
No credit check up to $15,000, so most utility deposit bonds generate the moment you pay. No credit check up to $15,000.
Send it to Eversource
Your executed bond arrives by email, ready to submit to Eversource in place of the cash deposit it requested. Wet-ink original mailed on request.
What it is and who needs it.
What the utility deposit bond does
Connecticut utility companies, including Eversource Energy, can require a new or higher-risk customer to post a security deposit before starting electric or gas service. State regulation caps how large a deposit a company may demand of a residential customer, but most utilities — Eversource among them — let a customer satisfy that requirement with a surety bond instead of cash, so the money stays in your business rather than sitting with the company.
It's a three-party arrangement: you (the principal), the surety carrier, and Eversource (the obligee). If your account goes unpaid, Eversource can draw against the bond up to its face amount to cover the shortfall — it is not insurance for you; if the surety pays a claim, you repay the surety.
Eversource sets the deposit amount itself, generally tied to your estimated usage at the service address — we do not set or cap it. Confirm the figure on your deposit notice or new-service paperwork and enter it here; we price the bond at 2% of that amount, $100 minimum, with no credit check up to $15,000.
You need this bond if you're
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
Issued on the spot. No credit check up to $15,000, so most utility deposit bonds generate the moment you pay. No credit check up to $15,000.
What sets the price
The premium is 2% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $15,000. Above that, the carrier may run a soft pull, which never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued on the spot.
Submit the application with the deposit amount Eversource required — the executed bond is generated instantly, ready to send to the utility. No credit check up to $15,000.
Start the application →Common questions.
Other Connecticut bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Skip the cash deposit with Eversource.
2% of the bond amount, $100 minimum. Enter the figure Eversource set and send the bond the same day.