Buying and selling cars is a high-stakes transaction. These deals must occur within the boundaries of the law. If someone tries to sell a car illegally or dishonestly, they could
Category: Blog
Unlike when you purchase an insurance policy, a surety bond is not something you pay monthly premiums on in exchange for coverage. Instead, a surety bond is a one-time, lump sum payment that
When developing a trustworthy business, you have a lot of things to think about. A welcoming working environment and fair billing practices are not the only important impressions to cultivate
When signing contracts with clients, you might have to buy surety bonds. They reassure clients that you will meet your contractual obligations or pay up. Contractors have choices of surety bonds.
When hiring employees for your business, you take all the necessary precautions to make sure those employees are trustworthy and reliable. Unfortunately, it’s not always clear what will happen once
Surety bonds are useful but confusing, as there are many different types that each serve a different purpose. Some surety bonds may be required, but this depends both on the type
Performance bonds are typically required for contractors in order to complete a job. A client may hire a contractor for a construction project with the requirement that the contractors enter a
A big similarity between bid bonds and performance bonds are that both frequently apply to construction projects. They also both protect another party in case the job is not finished.
There are various types of surety bonds created for different purposes. Perhaps the most common bond people are aware of are title bonds for a car. For contractors and businesses, there are
Dishonesty bonds are surety bonds tailored to protect businesses against employee theft. Although you try to vet your employees as much as possible, it’s impossible to predict everything. In the unfortunate