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by
Surety Admin
5. November 2012 03:00
With the January 1st deadline speedily approaching, The Surety Group has made the bonding process easy and fast to assist Public Insurance Adjuster's meet the new Surety Bond requirment. Rates starting as low as $225!
Virginia law makers have passed new legislation that requires all resident Public Adjusters that operate within the state to acquire a $50,000 Surety Bond in addition to licensing. These new requirements go in to effect on January 1, 2013. As a result of the new law, resident and non-resident adjusters will need to comply with statutes set forth by the State Corporation Commission’s Bureau of Insurance. The pre-licensing statutes by which both individuals and business entities must abide include:
The Surety Group is here to assist Public Insurance Adjusters in obtaining the required Surety Bond necessary to receive licensing and operate legally in the state. There are several requirements to meet within a minimal amount of time and our short 3-step online application and same day approval will assist in meeting the state’s January 1st deadline. We look forward to finding solutions to all of your bonding needs. APPLY NOW or give us a call at 800.486.8211.
Source: Commissioner of Insurance Administrative Letter
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
Surety Admin
2. April 2012 02:48
The Surety Group has rates online, starting at $253.25, for Florida dealers who must renew their Florida auto dealer bond (or Florida used car dealer bond) by April 30th. This means that dealers do not have to wait for a quote, which can take hours and even days from other surety agencies. The Surety Group is also taking applications over the phone at 800-486-8211. With the added benefits of financing for qualified dealers and a surety bond program for auto dealers with bad credit, just about any Florida car dealer can get a car dealer bond now.
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