December 13, 2022
Agency5 Reasons You Need Surety Bonds for Your Business
Surety bonds provide a wide range of support for business owners. While they may seem like just another expense to some small business owners, they actually provide a number of key benefits like providing customers with a sense of confidence in the bonded company. If you are on the verge of starting a business or […]
July 28, 2022
AgencyHow Do Surety Bonds Benefit Businesses?
Surety bonds give investors and clients confidence in the financial integrity of your business. This article provides a definition of surety bonds and explores the reasons companies buy them. Keep reading to find out if your business could take advantage of surety bonds. What Are Surety Bonds? When companies buy surety bonds, they typically want […]
February 9, 2022
AgencyDo You Need to Bond Your Business?
With so many reported burglaries and “stranger danger” scares in the news, many people feel very uneasy about letting strangers into their homes. However, electricians, plumbers and contractors — among others — must enter the home in order to perform their jobs. While word of mouth referrals may help customers feel at ease in terms […]
March 24, 2017
AgencyBuying and Paying for a Surety Bond
As a business, you want to cover all your assets appropriately. Good customer service matters, and anyone wants to provide clients with top-notch results. However, sometimes things happen. A business may fail to complete an assignment that is has contractually promised. In these cases, the business may have to compensate the client for the incomplete […]
December 16, 2015
AgencyEveryone Wants Their Contractor to Be Bonded
How do you find someone who can remodel your bathroom or put a new roof on your house? If you have a small job like replacing a broken window or installing a ceiling fan, you probably will do fine by hiring a handyman. If the job is more complex and costs more to complete, many […]
July 7, 2015
AgencyHow Surety Bonds Can Save the Day
Construction projects are the backbone of any construction company. Tight deadlines, logistical issues and pressures to complete the project within scope and budget are always present. With the need for so much coordination, it’s easy for vendors and contractors to drop the ball when it comes to delivering your products and supplies as scheduled, which […]
February 3, 2015
AgencyThe Basics of Auto Dealer Bonds
In all 50 states, car dealerships are required to post an auto dealer bond — a type of commercial surety bond — in order to get fully licensed. Where insurance protects your business, bonds are designed to protect customers. Essentially, a bond acts as a contract between the dealership, customers and a surety company. If […]
November 22, 2014
AgencyHow a Bond Can Protect Your Business
As a contractor, you know all too well that your business requires a level of trust from your clients. Being that you must enter their homes, your reputation directly correlates with that trust and therefore your success. You may have some good word-of-mouth buzz and a few good reviews on Yelp, but how else can […]
September 18, 2014
Agency3 Common Surety Bonds
Many people don’t know what surety bonds are, let alone the fact that there are many types of surety bonds available for purchase. When you hire a contractor, plumber, electrician or anyone else to perform work in your home or place of business, it’s beneficial to hire a bonded professional. Why? If that contractor does […]
July 30, 2014
AgencyWhat Are Performance Bonds?
Реrfоrmаnсе bоnds guаrаntее fоr thе sаtіsfасtоrу соmрlеtіоn оf а рrојесt. Тhіs wіll rеquіrе hаvіng а соllаtеrаl рrореrtу оr іnvеstmеnt tо bасk uр thе rеquіrеmеnts оf thе surеtу аgеnсу. А реrfоrmаnсе bоnd іs usuаllу іssuеd bу а bаnk оr аn іnsurаnсе соmраnу, bоth оf whісh асt аs а “surеtу.” Тhе gоvеrnmеnt rеquіrеs реrfоrmаnсе bоnds аnd рауmеnt […]