Why do I Need A Surety Bond

by suretyK 3. March 2009 01:22

Question:

I am a small business owner and my credit is not good. I’ve never had to have this before and I don’t know what to do. If you can help, please let me know. Thanks.

Answer:

Unlike traditional insurance, surety bonds are underwritten to ensure that there will be no loss. In that sense, a surety bond can act as a pre-qualification tool for the obligee. Whether you are a contractor looking for payment and performance bonds or a wine distributor needing a tax liability bond, the bond guarantees that you will do something.

Since The Surety Group is a surety only agency, we have the markets to support almost all situations. Our goal is to find a surety to fit your needs and is willing to grow with your company. We have programs in place to help you increase your bonding capacity that will ultimately lead to overall business success.

Simply complete one of our applications to get started-- or call (1-800-486-8211) us directly for more direction.

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Tags: surety bond, surety application, contract bond

Alcohol Bonds | Contract Bonds | Misc Bond Information | Surety Bond Questions

What Is An Obligee

by Surety Admin 2. March 2009 12:16

An Obligee is somebody to whom another person is legally or morally bound, e.g. by a financial debt or obligation to do something, project owner, government or for when it comes to a Lost Title Bond, it would be the state that is requiring the Title Bond.

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Tags: obligee

Surety Bond Questions

Contractor Remodeling Bond

by Surety Admin 27. February 2009 02:42

Question:

I WANT TO START A SMALL BUSINESS IN REMODELING CLASSIC HOMES IN WALTERBORO, SC. THE STATE REQUIRES THAT ALL LEGITIMATE CONTRACTORS HAVE A SURETY BOND IN PLACE TO WORK IN THE STATE BEFORE A CONTRACTORS LICENSE WILL BE ISSUED.

Answer:

It sounds like what you need is SC Builders License Bond for $15,000. The bond guarantees that the builder will comply with all of the rules and regulations set forth by the State.

There are additional bonding requirements for contractors who specialize (HVAC, Roofing, Plumbing, Etc.). A useful website for all SC contractor requirements is http://www.contractors-license.org/sc/sc.htm

To apply for any SC Contractors License and Permit bonds, simply complete a License and Permit bond application or a general bond application.

Our Contractor Bonds Page

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Tags: contractor bonds, license bond, permit bonds

Surety Bond Questions

How is a Surety Bond Unwritten

by Surety Admin 15. February 2009 12:44

A lot of people ask What Is A Surety Bond? How Is A Surety Bond Written or How Is A Surety Bond Underwritten? At it's very basic, what does underwritten mean. At its very basic a surety bond is like insurance, it is a guarantee that the task will be completed. eHow.com has produced an excellent short article explaining these questions. We hope this will help you learn how to apply for a surety bond.

eHow - How Is a Surety Bond Underwritten?

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Misc Bond Information | Surety Bond Questions

Why do I Need A Surety Bond

What Is An Obligee

Contractor Remodeling Bond

How is a Surety Bond Unwritten

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