Tuesday, August 24, 2021A 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 MORE >>
Friday, March 24, 2017As 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. READ MORE >>
Wednesday, May 25, 2016When 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 bonds. READ MORE >>
Wednesday, December 16, 2015How 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 people feel more comfortable hiring a bonded contractor. READ MORE >>
Tuesday, July 7, 2015Construction 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 com... READ MORE >>
Tuesday, February 3, 2015In 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. READ MORE >>
Friday, November 21, 2014As 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 you prove your trustworthiness? READ MORE >>
Thursday, September 18, 2014Many 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. READ MORE >>
Wednesday, July 30, 2014Реrfоrmаnсе 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.” READ MORE >>
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