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Surety Bond

  • In the Beginning there were Surety Bonds

    • March 15, 2017
    • Posted by: Surety Bond Experts
    • Category: Surety Bond, Surety Bond History
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    Surety bonds are such a regular part of our business world today that it is hard to imagine a time where we didn’t have them.  In a previous blog, we mentioned that the first form of a surety bond occurred in 2750 B.C.  We wanted to investigate a little more about the history of surety

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  • Do I Really Need a Surety Bond?

    • March 15, 2017
    • Posted by: Surety Bond Experts
    • Category: Surety Bond, Surety Bonds
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    Do I need a surety bond?  When do I need it and what are the risks if I don’t get one?  These are questions which you may have pondered.  Well, have no fear!  Below we have highlighted some situations where you may need a surety bond. Licensing: Many industries require you to get a surety

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  • Top Ten Pointers when Starting your own Construction Business

    • March 7, 2017
    • Posted by: Surety Bond Experts
    • Category: Construction Bonds, Contract Bonds, Surety Bond, Surety Bond Rates, Surety Bonds
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    Are you someone who has always enjoyed creating and building?  Has this given you confidence to start your own construction company?  If you’ve answered yes to both of these, then congratulations on becoming your own boss and doing what you love!  As a gift to you, we want to share some advice that we’ve heard

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  • Do I need a Janitorial or Cleaning Surety Bond for my Business?

    • March 7, 2017
    • Posted by: Surety Bond Experts
    • Category: Janitorial Surety Bonds, Surety Bond, Surety Bond Producers, Surety Bond Rates
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    It is no secret that the service sector in the United States is growing. This includes such industries as cleaning and janitorial businesses.  Although surety bonds are not a requirement, having a surety bond can benefit your business. It communicates to customers that you are reputable and trustworthy, because a surety bond guarantees that you

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  • What’s new in the New York Used Auto Dealer Industry?

    • February 28, 2017
    • Posted by: Surety Bond Experts
    • Category: Auto Dealer, Surety Bond
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    2017 is bound to bring lots of changes to many parts of our lives. One important change in the used auto dealer industry in New York, is that the cost of a surety bond will increase. To recap, a surety bond is a contract between an obligee, surety bond producer and principal.  It ensures that

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  • What you can do before you apply for a Surety Bond

    • February 28, 2017
    • Posted by: Surety Bond Experts
    • Category: Business plans, Surety Bond, Surety Bond Rates
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    All successful construction companies have a great relationship with their surety bond producer.  This relationship helps the contractor bid on any construction job which needs a surety bond. But waiting on a surety bond approval may prove to be frustrating. Below, we have outlined things you can do to help speed along the process: Information

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  • Five Things you need to know about the new DoD Freight Broker Bond requirements

    • February 14, 2017
    • Posted by: Surety Bond Experts
    • Category: DoD Freight Broker Bond, Surety Bond
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    In one of our previous blogs, we included DoD Freight Broker Bonds among our list of surety bonds.  A DoD Freight Broker Bond is a requirement of any business that provides transportation for the Department of Defense. Since we posted that blog, the DoD has implemented additional regulations.  One of these regulations is a performance

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  • Why We Love Underwriters

    • February 14, 2017
    • Posted by: Surety Bond Experts
    • Category: Surety Bond, Underwriter
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    We’ve highlighted the role of a surety bond producer in previous blogs and posts, because, honestly, that’s what we know best!  But another area which is important is the role of the underwriter.  We work hand in hand with the best in the business.  We are proud of the relationship we have made with our

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  • Do you have a Low Credit Score but a Hard Work Ethic?

    • February 7, 2017
    • Posted by: Surety Bond Experts
    • Category: Low Credit, Surety Bond
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    Have you been avoiding surety bonds because of your credit? Great news! Even if you have bad credit, you can still get a surety bond! The trade-off comes that it may cost you more. To understand how this works, we’ve outlined it below for you. A credit history helps a surety bond producer and underwriter

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  • Bonds and Insurances, What’s the Difference?

    • February 7, 2017
    • Posted by: Surety Bond Experts
    • Category: Insurance, Surety Bond, Surety Bonds
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    Have you been told that a surety bond is the same as insurance? Or that insurance is better than a surety bond in the field of construction? There are contractors, who feel, that construction bonds are not necessary in order for their business to succeed. Unfortunately, these are often the same contractors who do not

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