Freestate Bonds, Inc.
Freestate Bonds is a Maryland-based surety bond agency founded in 1991 that specialized in court and related surety bonds for Maryland and District of Columbia residents and attorneys; it was consolidated in 2024 into BOSS Bonds, a nationwide surety-only agency unifying five regional brands.
- Company typePrivate
- Founded1984
- HeadquartersUpper Marlboro, United States
- Headcount1–10
- GTM typeB2C
- OfferingServices
What Freestate Bonds, Inc. does
Freestate Bonds, Inc. is a Maryland-based surety bond agency founded in 1991, headquartered in Upper Marlboro, that historically specialized in court, probate, fiduciary, and related surety bonds for Maryland and District of Columbia residents, attorneys, and court officials. The firm operated as a small (1-10 employees) regional agency earning transaction-based commissions on bond premiums, which are typically quoted as 0.5%-3% of the bond value depending on applicant creditworthiness and bond type. In 2024 Freestate Bonds was consolidated into BOSS Bonds Insurance Agency, LLC — a Cincinnati-headquartered nationwide surety-only agency that simultaneously absorbed four other regional surety brands (South Coast Surety, The Warnock Agency, Surety Support Services, and American Contracting Services) under a unified platform.
Under the BOSS Bonds operating model, the consolidated agency distributes contract bonds (bid, payment/performance, warranty/maintenance, development/subdivision), court bonds, SBA-guaranteed bonds, and a long tail of license/permit and commercial surety bonds through three channels: a self-serve online portal offering instant issuance for qualifying no-credit-check bonds, a direct inside-sales team with dedicated contract-bond producers, and a wholesale agent partner network supported by the apps.suretybonds.market back-office portal. Core technology is a conventional surety bond issuance platform — bond search by state or category, online application processing, instant issue for eligible products, and application-to-issuance status tracking — rather than an AI-driven underwriting system.
Revenue mechanics combine per-transaction premium commissions (surety carrier underwriting risk plus agency service fee) and recurring agent/broker service revenue from insurance agents reselling bonds. The agency accesses 25+ surety carriers including Cap Specialty, Merchants Bonding, The Hartford, Great American, Zurich, Liberty Mutual, Travelers, and Swiss Re, enabling rate shopping across underwriters. Freestate Bonds' legacy court-bond book is now served without interruption under the BOSS Bonds brand.
Freestate Bonds, Inc. firmographics
Firmographics- Name
- Freestate Bonds, Inc.
- Legal name
- BOSS Bonds Insurance Agency, LLC
- Website
- https://freestatebondsinc.com
- Company type
- Private
- Founded year
- 1984
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Freestate Bonds is a Maryland-based surety bond agency founded in 1991 that specialized in court and related surety bonds for Maryland and District of Columbia residents and attorneys; it was consolidated in 2024 into BOSS Bonds, a nationwide surety-only agency unifying five regional brands.
- Ownership category
- akta.pro rank
Freestate Bonds, Inc. industry classification
Industry- Product category
- Surety Bonds
- NAICS
- Finance and Insurance (52)
- SIC
- Surety Insurance (6351)
- akta.pro primary industry
- Court / Judicial Bonds (FSAJAIAC)
- akta.pro secondary industries
- Contract Surety Bonds (FSAJAIAA), Surety & Bond Brokerage (FSAEADAI), License & Permit Bonds (FSAJAIAF), Notary / Bail / Miscellaneous Consumer Bonds (FSAJAIAK)
Keywords
Where Freestate Bonds, Inc. is headquartered
LocationHeadquarters
- HQ city
- Upper Marlboro
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Freestate Bonds, Inc. business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Infrastructure, Others
Revenue model
- Surety Bond Fees: BOSS Bonds earns commissions and fees from the issuance of surety bonds. Customers pay bond premiums (typically a percentage of the bond amount) which includes the surety carrier's underwriting risk and the agency's service fee. Bonds may be one-time issuances or require annual renewals.
- Agent/Broker Services: Revenue generated from providing back-office support, bonding services, and agency support to insurance agents and bond producers who sell surety bonds to end customers.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Standard Surety Bond Pricing |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels5 records
Freestate Bonds, Inc. product offering
Product offeringCore offering
Freestate Bonds, Inc. is a regional surety bond agency that underwrites and places court and judicial surety bonds — including probate, fiduciary, appeal, and related court-bond products — for residents and attorneys in Maryland and the District of Columbia. The firm operates as a small (1–10 employee) specialty agency and is now consolidated under the BOSS Bonds Insurance Agency, LLC umbrella alongside sister surety brands. Revenue is generated through commissions on bonds placed with surety carriers.
Product overview
BOSS Bonds is a nationwide surety-only agency offering a comprehensive platform for securing surety bonds. The company provides a unified product combining contract bonds (including bid bonds, payment/performance bonds, warranty/maintenance bonds, and development/subdivision bonds), court bonds, and commercial bonds. The platform features an online instant issue system for bonds that don't require credit checks, a modern portal for applying, managing, and monitoring bonds with full transparency, and dedicated contract bond experts. BOSS Bonds operates as a one-stop solution supporting agents and contractors through its partner network of over 25 surety carriers. Freestate Bonds, Inc. is one of the legacy agencies (alongside South Coast Surety, The Warnock Agency, Surety Support Services, and American Contracting Services) now consolidated under the BOSS Bonds brand.
Differentiator
Problem solved
Functional benefit
Products and services
- Court Bonds
Quantifiable outcome
- Instant bond issuance for thousands of bonds without credit check requirements
- +1 more outcomes
Companies that use Freestate Bonds, Inc.
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles2 records
Freestate Bonds, Inc. technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Freestate Bonds, Inc. partnerships and signals
Strategic signalPartnerships
16 partnerships are on record, tiered core.
- Cap SpecialtycoreSurety carrier partner providing bond capacity and underwriting for BOSS Bonds customers. Part of the 25+ carrier network enabling competitive rate shopping.
- Merchants BondingcoreMutual surety bonding partner offering bond products through the BOSS Bonds agency network.
- The HartfordcoreMajor insurance carrier providing surety bond capacity and risk underwriting services.
- Great American Insurance GroupcoreSurety bond carrier partner offering commercial and contract bond products.
- United Casualty and SuretycoreSpecialty surety carrier providing bond underwriting for BOSS Bonds distribution.
- Arch InsurancecoreSurety insurance provider in the BOSS Bonds carrier network.
- NationwidecoreLarge national insurer providing surety bond capacity through BOSS Bonds.
- Main Street AmericacoreRegional surety carrier partner offering bonds for small to mid-size contractors.
- Old RepubliccoreMajor surety carrier providing contract and commercial bond capacity.
- Zurich Insurance GroupcoreGlobal insurer providing surety bond underwriting services.
- CNA SuretycoreSpecialty surety carrier in the BOSS Bonds network.
- SompocoreInternational insurance group providing surety bond capacity.
- Swiss RecoreGlobal reinsurance provider supporting surety bond capacity.
- Travelers InsurancecoreLarge national carrier providing surety bond products.
- Evergreen InsurancecoreSurety carrier partner in the BOSS Bonds network.
- Liberty MutualcoreMajor national insurer providing surety bond capacity.
Scale indicators4 records
Recent moves6 records
Expansion highlights6 records
Freestate Bonds, Inc. competitors and assessment
Company assessmentBroad incumbents
- Liberty Mutual Surety: Major national surety underwriter within a large multi-line insurance group, offering contract, commercial, and court bonds. Comparable on product categories and customer base, and listed as a BOSS Bonds carrier partner while also competing via direct distribution.
- Travelers Bond & Financial Products: Large national surety underwriter with deep contract and commercial surety franchises. Comparable on bond-type breadth and contractor customer base; supplies capacity to BOSS Bonds but also competes for the same accounts directly.
- CNA Surety: One of the largest U.S. surety carriers, underwriting contract, court, and commercial bonds. As a carrier (not agency), it is a supplier-partner of BOSS Bonds but also a broad incumbent whose direct writing competes for the same end customers.
- NFP (an Aon company): Large insurance brokerage and advisory firm distributing surety and commercial insurance products across multiple carrier partners. Comparable to BOSS Bonds on agency-based multi-carrier distribution and commercial customer base, though NFP operates as a broad-line brokerage with significantly larger scale.
- The Hartford Surety: National surety and insurance carrier offering contract, commercial, and court bonds. Listed as a BOSS Bonds partner carrier; comparable in underwriting categories but operates as a broad multi-line incumbent rather than a surety-only specialist.
- Old Republic Surety: Established surety carrier writing contract and commercial bonds for contractors and SMBs. Comparable on contract-bond specialization and carrier relationships; listed as a BOSS Bonds partner.
Direct peers
- BondExchange: Surety bond marketplace aggregating multiple carriers for online instant issuance of contract, court, and license bonds. Comparable to BOSS Bonds on multi-carrier aggregation, instant-issue UX, and broad bond-type coverage.
- SuretyBonds.com: Online-first surety bond agency offering instant-issue bonds across all 50 states through a multi-carrier platform. Directly comparable to BOSS Bonds/Freestate on product mix (court, contract, commercial), digital self-serve model, and target customer segments (contractors, attorneys, SMBs).
- Surety Bond Professionals: Specialized surety bond agency offering contract, court, and license bonds through a multi-carrier network. Comparable on product mix and target segments, though typically with narrower geographic concentration than BOSS Bonds.
- Surety One, Inc. Surety bond agency providing contract, court, and commercial surety bonds through carrier relationships. Comparable to BOSS Bonds on agency-distribution model, multi-carrier access, and contractor/lawyer customer base.
Market position
Strengths1 record
Weaknesses1 record
Competitive moat3 records
Key risks5 records
Key highlights5 records
Customer concentration
Freestate Bonds, Inc. financial estimates
Financial estimateRevenue estimate
Valuation estimate
Freestate Bonds, Inc. leadership team
Management profileNumber of profiles
Profiles1 record
Freestate Bonds, Inc. funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Freestate Bonds, Inc. M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Freestate Bonds, Inc.
What does Freestate Bonds, Inc. do?
Freestate Bonds, Inc. is a regional surety bond agency that underwrites and places court and judicial surety bonds — including probate, fiduciary, appeal, and related court-bond products — for residents and attorneys in Maryland and the District of Columbia. The firm operates as a small (1–10 employee) specialty agency and is now consolidated under the BOSS Bonds Insurance Agency, LLC umbrella alongside sister surety brands. Revenue is generated through commissions on bonds placed with surety carriers.
Is Freestate Bonds, Inc. a public or private company?
Freestate Bonds, Inc. is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Freestate Bonds, Inc. founded?
Freestate Bonds, Inc. was founded in 1984. It employs 1 to 10 people.
Where is Freestate Bonds, Inc. based?
Freestate Bonds, Inc. is headquartered in Upper Marlboro, United States, in the North America region.
How does Freestate Bonds, Inc. make money?
Two revenue lines are on record. Surety Bond Fees are the primary driver. The others are agent/Broker Services.
Who are Freestate Bonds, Inc.'s main competitors?
Broad incumbents on record are Liberty Mutual Surety, Travelers Bond & Financial Products, CNA Surety, NFP (an Aon company), The Hartford Surety and Old Republic Surety. Direct peers are BondExchange, SuretyBonds.com, Surety Bond Professionals and Surety One, Inc..
Does Freestate Bonds, Inc. have an API?
No public API is recorded for Freestate Bonds, Inc..
What industry is Freestate Bonds, Inc. in?
Freestate Bonds, Inc.'s product category is Surety Bonds. Its primary akta.pro industry code is FSAJAIAC, Court / Judicial Bonds, with a secondary code of FSAJAIAA, Contract Surety Bonds. Its NAICS code is 52 and its SIC code is 6351.