NAICS Code 524126-01 - Bonding Agents

Marketing Level - NAICS 8-Digit

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Total Verified Companies: 25
Contact Emails: 19
Company Websites: 17
Phone Numbers: 23
Business Addresses: 25
Companies with Email: 17
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NAICS CODE 524126-01
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NAICS Code 524126-01 Description (8-Digit)

Bonding Agents are professionals who act as intermediaries between insurance companies and individuals or businesses seeking surety bonds. Surety bonds are a type of insurance that guarantees the performance of a contract or obligation. Bonding Agents work to assess the risk of providing a surety bond to a client and negotiate the terms of the bond with the insurance company. They also provide guidance to clients on the types of bonds available and the requirements for obtaining them.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 524126 page

Tools

Tools commonly used in the Bonding Agents industry for day-to-day tasks and operations.

  • Bonding software
  • Financial analysis software
  • Customer relationship management (CRM) software
  • Underwriting software
  • Electronic signature software
  • Accounting software
  • Risk assessment tools
  • Legal research tools
  • Communication tools (e.g. email, phone, video conferencing)
  • Surety bond forms and templates

Industry Examples of Bonding Agents

Common products and services typical of NAICS Code 524126-01, illustrating the main business activities and contributions to the market.

  • Construction bonds
  • License and permit bonds
  • Court bonds
  • Public official bonds
  • Fidelity bonds
  • Wage and welfare bonds
  • Customs bonds
  • Environmental bonds
  • Notary bonds
  • Bid bonds

History

A concise historical narrative of NAICS Code 524126-01 covering global milestones and recent developments within the United States.

  • The Bonding Agents industry has a long history dating back to the 19th century when the first surety companies were established in the United States. These companies provided guarantees to contractors that they would complete their projects as agreed upon. In the early 20th century, the industry expanded to include fidelity bonds, which protected employers from employee theft. During World War II, the industry experienced significant growth as surety bonds were required for government contracts. In recent years, the industry has continued to evolve with the introduction of new technologies and the expansion of services offered by bonding agents. In the United States, the industry has seen a rise in demand for surety bonds due to increased construction activity and government infrastructure projects.