August 24, 2021
AgencyWhat Is A Surety Bond?
A surety bond refers to a contract formed between three parties. The three parties are the principal, the surety, and the obligee. The purpose of a surety bond is confirmation of the surety’s responsibility to ensure that the principal will behave in accordance with the bond’s terms. Read this article to learn more about surety […]
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 […]
May 25, 2016
AgencyWhat are Performance Bonds Used For?
When it comes time to bid on a project, you give it your all. You invest the time and money into writing out a bid that is going to help you land the project and choose every detail carefully. As part of the process, you may want to consider the value of investing in surety […]
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 […]