Utility Deposit Bond
Utility company deposit alternative for Arizona commercial accounts
Arizona utilities may accept a surety bond in lieu of a cash deposit for electric, gas, water, or telecom service.
Or call (877) 477-7578
A utility deposit bond replaces or reduces a cash utility deposit and guarantees payment of utility charges up to the penal sum.
The surety bond guarantees that the principal will perform the duties required under Utility tariff and deposit rules up to the penal sum.
A claim may arise if the principal fails to comply with the bonded Arizona obligation or causes covered loss to the obligee or protected parties.
If a claim is valid, the surety may pay up to the bond penalty according to the bond terms; the principal remains liable to reimburse the surety.
Amount, premium, term, and the authority that requires this filing.
Businesses opening or maintaining Arizona utility accounts that prefer surety instead of cash deposits need this bond when the utility allows it.
Use the utility's bond form and amount (often equal to the requested deposit).
Share your license type, court order, or obligee form and the exact penal sum required by Serving Arizona utility company (APS, SRP, TEP, and others as applicable).
We review credit and filing details, then quote premium options through licensed surety markets.
Once approved, we issue the bond for delivery to Utility company named on the bond form or for your Arizona filing package.
The amount is Equal to the utility deposit amount required by the serving utility, as set under Utility tariff and deposit rules and confirmed with Serving Arizona utility company (APS, SRP, TEP, and others as applicable).
The obligee is typically Utility company named on the bond form. Always match the exact name on the Arizona form.
Many Arizona filings can be underwritten the same day when documents and credit are complete; complex amounts may take longer.
Not always. Premium and collateral options vary by credit and bond size — ask for markets that still write the risk.
Most bonds renew on the term shown (1 Year). Keep continuity so your Arizona license or filing does not lapse.
Next step
We’ll match the requirement and route the application.
Apply for this bond