Nov 06
Choosing a contractor can sometimes be a difficult task to accomplish. However, just by taking a few simple steps, you can pick a contractor that will do the job right. Surety bonds can help you have that peace of mind of knowing that the contractor will finish the job within a specific time frame and …
Oct 25
Surety bonds play a vital role for businesses looking to secure contractual obligations and reduce financial risk. They often give businesses the opportunity to acquire contracts that are typically not made available to them if a surety bond is not present. Every company is reviewed differently based on credit and the bond company that is …
Jun 29
Those looking to start their own business may be overwhelmed by the vast amount of paperwork needed just to open up shop. One of the requirements typically unknown to thousands of new business owners is the government’s requirement to obtain and produce a surety bond. What is a surety bond? Surety bonds are a type …
Jun 10
Tough economic times have impacted many industries, especially contractors in California. As job opportunities have become scarce, many contractors have had their credit scores affected as a result of late payments and delinquencies, which has caused the premiums on many license bond renewals to sky rocket. More than any other factor, a contractor’s credit greatly …
May 02
When it comes to insurance, business owners typically have a lot of questions. Purchasing surety bond insurance is no exception. To help eliminate the mystery surrounding these little understood insurance products, this article will answer three questions business owners often have about surety bonds in California. 1. How does surety bond insurance work? Surety bond …
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