Easton Utilities deposit bonds.
From $100.
Easton Utilities, the town-owned utility in Easton, may require a security deposit before starting or continuing service, and will accept a surety bond in place of that cash deposit. The bond names Easton Utilities as obligee in the amount it sets for your account. Premiums cost 2% of the bond amount, $100 minimum.
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How much does an Easton Utilities deposit bond cost?
2% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
The Easton Utilities deposit bond has no long underwriting queue for the standard amount — enter your figure, apply, and send the executed bond to Easton Utilities. Here is the whole thing:
Apply online
Your account details, the bond amount Easton Utilities set, and the effective date — that is the application.
Priced and issued
The premium is 2% of the bond amount, $100 minimum, and the executed bond is generated as soon as you pay. Larger amounts may get a brief review.
File with Easton Utilities
Send the executed bond to Easton Utilities' customer service department so your cash-deposit requirement is released. Wet-ink originals mailed on request.
What it is and who needs it.
What the Easton Utilities deposit bond actually does
Easton Utilities is the town-owned electric, water, and gas utility serving Easton, Maryland, operating under the town's own utility policies rather than the general Maryland Public Service Commission jurisdiction that applies to investor-owned utilities. No credit check up to $15,000.
Rather than compel a customer to leave cash on file, Easton Utilities will accept a surety bond in the same amount instead. It is a three-party arrangement: you (the principal), the surety carrier, and Easton Utilities (the obligee). If the account goes unpaid, Easton Utilities can claim against the bond up to the stated amount; if the surety pays, you repay the surety — the bond is not insurance for you.
The deposit figure itself is set by Easton Utilities for your specific account — there is no single statutory number we can cite, so confirm the exact amount with Easton Utilities customer service before you apply. Enter that figure here; we price the bond at 2% of the amount, $100 minimum, and no credit check up to $15,000.
You need this bond if you are
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
File with Easton Utilities. Send the executed bond to Easton Utilities' customer service department so your cash-deposit requirement is released. Wet-ink originals mailed on request.
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.
Priced at the application.
Submit the application with the bond amount Easton Utilities set for your account — the premium is 2% of that amount, $100 minimum, and the executed bond is ready to send to Easton Utilities the same day.
Start the application →Common questions.
Other Maryland bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Skip the Easton Utilities cash deposit with one bond.
2% of the bond amount, $100 minimum. Enter the amount Easton Utilities set and see your exact price.