Answers: There are multiple types of bonds, so whoever is requiring the bond from you should be able to hand over you either a blank form of the bond or a preview of something they have agreed in times past. Do not assume this is something everyone asks for and that any company can do it for you. If you have a copy of the bond form, this process will be abundantly easier when you go to the bond agent.
A bond of any quality is going to require quite a bit of qualification. Usually your personal credit is run, your companies financial stability is question and your experience is referenced. From there the determination will be made as to whether you are "bondable". Once you hold been qualified, the bond will be issued and you will be required to income the premium in full respectively year. The premium will more than likely be somewhere between $500-$1,000 per year.
If you are borderline within you qualification, sometimes the surety company will increase premium as opposed to on its last legs you altogether. This is a good point because if you are not bondable, there is not an alternative instrument to get this done. You will want to speak to a local independent insurance agent and they can any write the bond for you or give you a referral to another agent who can. If you are surrounded by New Mexico, feel free to contact Commercial West Insurance Agency.
Good luck to you!
If it's a license bond, it's probably really cheap - approaching $250. If it's a payment bond, it's going to be really expensive - similar to maybe $5,000.
You'll hold to talk to the guy that does the rest of the insurance, to seize the bond.