Surety bonds are required to protect the public. They guarantee obligations will be fulfilled, whether it’s a contract bond guaranteeing a public construction project will be completed, A Title Bond, Notary, a license bond guaranteeing an auto dealer will abide by the laws or a court bond that guarantees a legal guardian will handle a minor’s finances properly. These specific examples are a small overview of the hundreds of surety bonds out there, but they all have one thing in common; they protect the public, not you.Our main carriers are HCC and CNA, two of the biggest Surety Companies in the US.
You might wonder “how does paying for a surety bond guarantee anything or protect the public?”, and that’s a great question! When a surety company provides you with a surety bond, which you learned is a guarantee; they are vouching that you will follow the bond terms. If the bond guarantee is not fulfilled and damages are caused, a claim can be filed. Taking an example from above, if a contractor that was hired to make structural improvements to a building walks off the job before completion; a claim can be filed. The surety company will hire a new contractor to finish the project and pay the claim initially, but will come back to the bond holder for reimbursement of the claim, along with any additional costs incurred to get the rest of the job done. As long as you operate ethically and according to the bond terms, you have nothing to worry about, and the public has a layer of protection from the deceitful.
What Does it Cost?
This is our most common question and unfortunately its the one with the least straight forward answer. Though a commercial surety title contractors in avondale annual premium title bonds tends to fall between 1% and 14% of the title size, when you buy a surety fidelity this is a larger range and there can be exceptions.
- Required by the local government
- Needed to obtain a contractor license
- Available bad credit bond program
- No Collateral Required
- All Credit Types Approved
- Required by the MVD or DMV –
- No Social Security required for bond less than $12,000
- Performance Bond
- Payment Bond
- Bid Bond
- there are over 500 Different types of surety bonds , we offer most of them!
Helping Good & Challenged Credit Customers for over 8 years at buy a surety bond WE ACCEPT MAJOR CREDIT CARDS, Checks, Paypal While it is true that bad credit makes it harder to obtain a competitive quote, we are committed to making sure all of our customers have access to the best possible rates. While we can’t guarantee that we can provide a bond for the most extreme bad credit situations, we strive to make sure no stone is unturned! In other words, if you are insurable, we will get it written in los angeles ca , new york, san Antonio,tx or any state . All of
“our surety bond companies are U.S. Treasury listed”