Gearing up to apply for your first surety bond? Surety agencies run an extensive background check on each applicant before they can be qualified for the bond. For this reason, the process of obtaining surety bonds can seem fairly complicated to those with minimum to no experience in the field.
Whether you’re an experienced contractor or just stepping into the industry, you’ve probably heard of surety bonds and their importance in building and construction. From providing reassurance to clients to ensuring that the material suppliers receive their payments on time, surety bonds certainly offer multiple benefits to contractors.
Marijuana use is now legal in several states across the country. Recreational marijuana is legal in 9 states, while medical marijuana is legal in 31.
There are a lot of risks involved when you’re setting up a new company—the product or service might not be well-received; your loans might outgrow your income stream; you might lose suppliers, or worse, fail to meet customers’ expectations.
Quality product, paired with unparalleled customer satisfaction, can make any business. One way to keep your customer satisfied is by having their best interests at heart—and surety bonds can help with that.
Wondering if a surety bond can be changed after it has been written? The simple answer is yes. Under a surety contract, a principal is allowed to make changes to the bond. They can have any information changed, corrected or canceled anytime.
If you have decided to apply for a surety bond, the good news is that the bond application process is quite simple. You will be required to fill an application form and provide supporting documentation to a surety company.
A company Founded to help contractors obtain surety bonds essential for growth!