Phillipsburg street opening bonds.
From $100.
When you open or cut a public street in the Town of Phillipsburg, the Town requires a street opening permit bond — a guarantee you restore the pavement and right-of-way you disturb. Phillipsburg sets the amount; premiums start from $100, and premiums run 1% of the bond amount, with a $100 minimum.
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How much does a Phillipsburg street opening bond cost?
1% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No underwriting queue for the standard street-opening bond — enter your amount, pay, and file with the Town. Here is the whole thing:
Apply online
Your business details, the bond amount the Town set, the permit number, and the effective date — that is the application.
Issued on the spot
No credit check up to $100,000.
File with the Town
Submit the executed bond with your Phillipsburg street-opening permit application. Wet-ink originals mailed whenever the Town insists on them.
What it is and who needs it.
What the street opening bond covers
A street opening permit bond is a restoration guarantee to the municipality. The Town of Phillipsburg conditions a permit to open or cut a public street on this bond so that the pavement, base, and right-of-way you disturb are restored to the Town standard.
It is a three-party arrangement: you (the principal), the surety carrier, and the Town of Phillipsburg (the obligee). The Town sets the amount based on the scope of the street work, so it is not a single fixed figure.
If you fail to restore the street properly, the Town can recover against the bond to have the work done — and if the surety pays, you repay the surety. It is the Town’s assurance that the public road is put back right.
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 the Town. Submit the executed bond with your Phillipsburg street-opening permit application. Wet-ink originals mailed whenever the Town insists on them.
What sets the price
The premium is 1% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $100,000. 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 bond amount the Town set — the executed street-opening bond is generated instantly, ready to file.
Start the application →Common questions.
Other New Jersey bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Street opening bond, issued today.
Premiums from $100. Enter the amount Phillipsburg set and file with your permit the same day.