Surety bonds function as insurance for your consumer and a line of credit for your business, but it can get complicated. So how does a surety bond work?
If you are a general contractor on a large construction project with many moving parts, you know you need to hire a number of subcontractors to complete the project on time. Chances are you also know from experience or word-of-mouth that not every subcontractor is going to perform as well as you would like. That’s+ Read More
In the world of contract surety there are two basic categories – Construction Surety Bonds and Commercial Contract Surety Bonds. Video Transcript: We previou...
Here are the surety bond basics to make sure your clients have the coverage they need.
Apply for Fidelity, Court, Contract, License and Permit bonds in Mississippi at The ProSure Group
Do you know what a surety bond is? Despite their wide use, surety bonds remain a mystery for many dealers. Whether you are already licensed and running your auto dealership, ... Read more
When a construction company seeks a bond for a project, there are a number of factors examined by the underwriter before the bond is given. These factors help the surety company determine whether or not offering you a surety bond is a wise investment for their organization, as well as whether it would benefit your organization.
Subcontractor Construction Surety Bonds at low rates are available at bonds.southcoastsurety.com/subcontractor-bonds/ or give our expert team a call a...
By BarbaraWeltman , Guest Blogger
Published: November 9, 2010 Updated: August 1, 2016
The term bond - brings to mind an investment that returns interest income to the investor. But there are other types of bonds that have nothing to do with investing; they relate to business operations and function much like insurance. Understand what a bond is, when it's required in your business, and how to get it
What are business bonds?
Bonds, in the business context, are like insurance. They back…
Rob Portman, R- Ohio, has introduced legislation to require State licensure and bid surety bonds for entities submitting bids under the Medicare durable medical equipment, prosthetics, orthotics, and supplies competitive acquisition program. Benjamin Cardin, D- Md., John Hoeven, R- N.D., Robert Casey Jr., D- Pa., and Michael Bennet, D- Colo.. For more information, contact...
By Staci Martin If you’ve ever owned Craftsman hand tools, then you know they come with a lifetime guarantee. For some, that’s what makes Craftsman stand out over any other brand, the guarantee that if their tools break or become unusable that Craftsman will replace them. Like Craftsman, Surety bonds guarantee the work of a
The ProSure Group shares: What Is An Injunction Surety Bond? Everything you need to know about court injunctions, plus when an Injunction Bond is necessary.
Surety bonds are designed to guarantee performance in the face of a set of particular risks. Learn more about what a surety bond is at Travelers.
What has been added to the bond class are a number of non-union licensing bonds that shadow the same coverage. In recent years, there has been a number of contractor license bonds that have included this provision. One of the most prominent is the California Contractor LLC license bond that requires a LLC formed company to post a $100,000 license bond that also guarantees the payment of wages and benefits
On both sides of the country Non-union Car Wash companies are now required…
All about Surety and Surety Bonds. What they are, how they started and what surety bonds do.
What are Surety Bonds? Where did they come from? What do they do? copyright PAu 3-745-684
Surety bonds and insurance are forms of risk management meant to protect against financial loss. But what they cover and how claims are handled differ.
Surety bonds are a 3-party contract. An insurance policy is a 2-party contract. Surety claims must be paid back. Insurance claims are not expected to be paid back.
Learn How to get Bonded and Insured for your business. View all different types of business surety bonds, including contractor, license and fidelity bonds.
Surety Bonds go to the benefit of the obligee. A bond would protect against non performance non-payment. For the bond principal-being bonded or bondable.