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Surety Bond Financing Now Available

by Surety Admin 25. June 2010 13:32

Spotlight on Premium Financing


If you’re anything like me these days, reaching into your wallet is downright depressing. We’re all tightening our belts and finding different ways to cut unnecessary expenses. We’ve stopped eating out as often, made a strict budget and even (gasp!) reduced our DVD subscription to one movie a month. Times are tough to say the least.


Despite our best efforts, credit scores have dropped dramatically in the last few years and unfortunately most bonding companies rely heavily on your credit score to determine premium. Naturally, a low credit score can lead to a higher premium. So what happens when you need a surety bond and the premium seems just out of reach? You can’t get around the surety bond requirement, the company’s funds are limited and you need that surety bond today… Luckily, The Surety Group has come up with a solution that will help applicants get the bond they need when they can’t pay the entire premium amount upfront.


Our Premium Financing Option will allow applicants the opportunity to finance the premium amount and get their bond when they need it.  And, since the program is designed for those applicants with less than stellar credit, you don’t have to worry about qualifying.


Simply contact us today and let us tell you about our Premium Financing program. We can get you set up quickly and you can have your bond in your hands tomorrow.


Need a Surety Bond? Apply Now, Click Here.
Need Surety Bond Info? Get a Free Quote, Click Here

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Surety Blog Categories:  Misc Bond Information | Surety Bond Questions

The Surety Group Introduces Their Enhanced Website

by Surety Admin 3. May 2010 12:20

The Surety Group Agency embraces the internet as a key tool in reaching customers in the surety bonding  industry.  The Surety Group has recently updated their website in order to make it one of the top surety bond websites in the world. Not a fan of hyperbole?  Perhaps the world is a bit of an exaggeration; but in the United States, we feel it is one of top sites for the surety bonding industry. 

The World Wide Web has made it easy to reach a wide audience. You can sit in the comfort of your favorite chair at home and buy a car, buy a Snuggie or practically anything with just the click of your mouse.  So, why not a Surety Bond?  A surety bond may not provide the same level of excitement as purchasing your Smart Car, but we can at least make it easy.  We’re under no illusion that you are purchasing a surety bond for fun, but with the ease and intuitiveness of our website you may get a small shopping high.

On our new surety bond site, you will see “Apply Now” buttons all over the site and these you can press and go to our online application.  These buttons are displayed below:



Either button will get you to our fancy online surety bond application.  Once you get there, you will see a dropdown list of the different types of surety bonds we offer.  This list is there, because each of these bonds have slightly different questions we want to ask of you.  BUT WAIT!!!!!!!  You do not see the bond you want?  Do not fear my friend, select “other” and simply type in your desired bond type in the textbox that shows up. Even if you’re not sure of the exact name, chances are we can use deductive reasoning to figure it out.  No need to even check your spelling. We’ve been doing this for so long we’ve seen it all.

 Maybe this online surety bond application is not for you and you feel better when you can touch and feel your application and then fax it to us.  Well we got you covered.  Look at our menu on the left (not now) and look for heading named “Services” then select “Downloadable Applications” and you will find all kinds of applications you can download and fill-out and fax to us.  Below is an image of what that left menu looks like.


 
 “I do not want to fill out an application at this time, I just want information.”  Well, you can do just that too.  All over the site you will see in our left menu (shown above) a link labeled “Surety Bond Quote”, here you can ask us to provide you information and assistance for the bond you need. 

 We still have phones and have not thrown them out even though the internet has become such a huge thing in the business world.  We always love to hear a voice that is needing help with obtaining a surety bond.  Never hesitate to call us, our hands are hovering over the phone and waiting to talk to you.  So, give us a holler at: 1-800-486-8211.

 It is important to note that our Surety Bond Quick Helper Footer Toolbar is always on our site to get you to all the most visited pages on our site.  Here you can get to just about everything; commercial surety bonds, contract surety bonds, court surety bonds, our downloadable documents, downloadable surety bond applications and much more.  Shown below.


 At the end of the day, we want to be your local surety bond company and you can always find us on the internet, 24-7 & 365.  Our light is always on and we are ready to provide you fast results and a surety bond, even when others have said no.  Thanks for reading and please visit our new site.  Let’s go there now!
Need a Surety Bond? Apply Now, Click Here.
Need Surety Bond Info? Get a Free Quote, Click Here

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Surety vs Insurance

by Surety Admin 27. April 2010 12:32

A large majority of the general population has never even heard of surety bond, so it is no surprise that those who have heard of them really don’t understand what they are. Surety bonds are considered a branch of the insurance industry but in reality, they are not insurance.

Surety professionals are the first to point out that surety is a three party relationship while insurance is a two party relationship. Most people would respond to that explanation with a long, blank stare.  Perhaps a good old fashioned Venn diagram will make it easier to visualize….
 

 

In essence, insurance is a contingency plan. If something goes wrong, someone will pay to fix it (that is, of course, after you pay the hefty deductible, prove that the water damage is from water from the sky and not the ground, and that you did buy coverage for acts of god). The policy is between the insurance company and the principal (policy holder). Insurance underwriters expect that there will be a loss. It’s built into the policy and you pay for that risk to be transferred to the Insurance Company.

Surety, on the other hand, is a guarantee that the Principal (person getting the bond) will do something: follow a rule/regulation/law; perform a contract; pay certain taxes; supply a certain item; etc. The bond is a guarantee from the Surety to the Obligee (the entity requiring the bond) that the Principal will meet their obligation set forth in the bond.  A surety bond protects the Obligee and not the principal.

Also, unlike Insurance, the surety company does NOT expect there to be a loss. They go to great lengths to ensure that the Principal can and will meet the obligation of the bond.  In this sense, Surety often acts as a prequalification tool.

So, what exactly are you paying for when you get a bond? You’re paying for the Surety’s backing. Basically if you obtain a bond, the Surety is “vouching” for you and you pay for that service.

Simple, right?

 

 


Need a Surety Bond? Apply Now, Click Here.
Need Surety Bond Info? Get a Free Quote, Click Here

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Surety Blog Categories:  Misc Bond Information

Ohio Mortgage Broker Surety Bonds

by Surety Admin 5. April 2010 14:37

With the recent upheaval in the mortgage industry and new strict underwriting standards, you may have had difficulty obtaining your Ohio Mortgage Broker Bond. As one of the premier sources for bonds in the United States, The Surety Group Agency, LLC has put together a comprehensive range of programs exclusively tailored for the mortgage broker industry. Our specialized bond programs are based on common sense underwriting and are designed to fit the specific surety needs of a vast range of companies. Let us show you how easy it can be to get your bond.
 
Whether you are new in business or a seasoned veteran, let us find a program to fit your surety needs. Our expert underwriters have created a three tiered structure just for Ohio Mortgage Brokers
 
Preferred Program —Designed for Mortgage Brokers with excellent credit and strong CPA prepared corporate financial statements (minimum Review).
 
Standard Program —Designed for Mortgage Brokers with excellent credit and no CPA prepared corporate financial statements.
 
Non-Traditional Program—If you are new in business or have less than perfect credit we want to say YES! to your bond request. Complete the application or contact us today to find out what programs we have in place for you.


With our simplified one page applications and swift turn around, you can have your bond in as little as 24 hours! 


If you have any questions or concerns, please do not hesitate to contact us via phone, fax or e-mail. 


As your partner in the surety business, we look forward to finding solutions to all of your bonding needs!


Need a Surety Bond? Apply Now, Click Here.
Need Surety Bond Info? Get a Free Quote, Click Here

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Surety Blog Categories:  Commercial Bonds





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