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by
SNewberry
4. May 2012 04:57
Surety Bonds are required by law in every state for a variety of businesses. In essence, a surety bond ensures that a business or individual will complete a project as agreed.
Getting a bond can be a time consuming, complicated process. The Surety Group has been working hard to make it simpler. We recently revised our bond application, making it easier to complete and started taking applications by phone. Last year, we began posting rates online for mortgage brokers in every state. We also put rates online for auto dealers in Florida, Georgia, Louisiana, Alabama, Indiana and Colorado as well as water well drillers.
Another benefit that customers appreciate is speaking directly to an underwriter when they call. In some instances, we can complete and approve a bond application in one phone call. We also have bond programs for businesses and individuals with impaired credit (bad credit bonds.) Call us at 800-486-8211 to get started.
by
Surety Admin
11. April 2012 06:50
Many government agencies require construction professionals to purchase contractor bonds before they can legally begin work on construction projects. Because these bonds are often required before a contractor can secure a contractor license, they're also known as contractor license bonds. New contractors might not realize they have to pass a financial review before a surety provider will issue a contractor surety bond. Having a basic understanding of contract bonds makes the process easier and more pleasant for contractors.
Contractor license bonds are a specific type of surety bond, which means that each contractor license bond that's executed is a three-party agreement to help guarantee a certain quality of work. When it comes to contractor license bonds, the three parties include:
- the principal, which is the contractor that buys the contractor license bond to guarantee that licensing regulations will be fulfilled appropriately
- the obligee that requires the contractor license bond, which is typically a government agency such as a state's licensing board
- the surety that executes the contractor license bond as a financial guarantee that the contractor will adhere to licensing regulations.
The primary purpose of contractor license bonds is to protect consumers from unqualified contractors. As such, contractor bonds provide a legal financial guarantee that construction professionals will follow all applicable licensing regulations related to a project. Each contractor bond that's issued is unique in that its protection is dependent upon the bond's exact contractual terms. Government agencies that require contractor bonds work to regulate the industry, cut down on fraud and, of course, keep unqualified contractors out of the construction industry.
To find out more about contractor bonds and to apply for a contractor license bond now, call 800-486-8211.
by
Surety Admin
3. April 2012 00:55
In today’s economy having a
perfect credit score is nearly impossible. The Surety Group understands that
many people are financially challenged but still need a surety company that
offers them the opportunity to get a bond regardless of economic
circumstances. Some businesses refer to these types of surety bonds as bad
credit bonds. The Surety Group calls them nontraditional bond programs. We
currently have rates posted online for mortgage brokers
in every state who need a nontraditional mortgage bond program. We also have
rates online for auto dealers
in Florida,
Georgia, Louisiana,
Alabama,
Indiana
and Colorado.
At The Surety Group, low credit scores or bankruptcies do not limit our
ability to write your bond. We can approve your bond even if other sureties
have said no, and we will continue to work with you on bond programs
regardless of your financial circumstances. This is a promise we make to all
our client. The bond underwriting process is simple. We can take your application by phone at 800-486-8211, or you can complete our one page online application. If you call us, you will speak directly to a bond agent who will answer any questions.
You can find surety providers on the internet that underwrite bad credit
bonds, but they only operate in selected states. At The Surety Group, we can
write surety bonds throughout the US.
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by
SNewberry
11. December 2011 23:37
The Surety Group has simplified all of its surety bond programs, including court bonds, commercial bonds and contract bonds. Everything is easier: the application, the underwriting, and the approval. Discounted rates are available instantly online for many of our bond programs. Businesses like DMEs, Mortgage Brokers and Select Auto Dealers no longer have to wait for a quote. Many commercial surety bonds can be approved in minutes.
Unlike most surety agencies, The Surety Group has in-house underwriting authority. This means that a business owner only has one application to complete. Someone applying for a surety bond through another agency typically fills out one application to get either a quote or to start the approval process. Then the surety working with the bond agent requires a second application. In-house underwriting authority also allows The Surety Group to waive select underwriting requirements and work with businesses with impaired credit. These businesses often search for bonds using the phrase "bad credit bonds".
We prefer to call them nontraditional bonds.
We are now taking applications by phone at 800-486-8211. Applicants will speak directly to a bond agent.
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