September 6, 2023
AgencyBuying and Paying for a Surety Bond
As a business, you want to cover all your assets appropriately. Good customer service matters, and anyone wants to provide clients with top-notch results. However, sometimes things happen. A business may fail to complete an assignment that is has contractually promised. In these cases, the business may have to compensate the client for the incomplete […]
August 3, 2022
AgencyHow Surety Bonds Can Save the Day
Construction projects are the backbone of any construction company. Tight deadlines, logistical issues and pressures to complete the project within scope and budget are always present. With the need for so much coordination, it’s easy for vendors and contractors to drop the ball when it comes to delivering your products and supplies as scheduled, which […]
March 2, 2022
AgencyPayment Bonds vs. Performance Bonds
Реrfоrmаnсе аnd рауmеnt bоnds аrе twо tуреs оf соntrасt bоnds thаt аrе оftеn utіlіzеd іn dіffеrеnt tуреs оf соnstruсtіоn рrојесts. Whіlе thе twо bоnds dо shаrе sоmе соmmоn сhаrасtеrіstісs, thеу рrоvіdе vеrу sресіfіс tуреs оf рrоtесtіоns durіng аnd аftеr thе рrојесt. Еssеntіаllу, thе реrfоrmаnсе bоnd іs fосusеd оn hоw wеll thе соntrасtоr саrrіеs оut thе […]
October 5, 2021
AgencyA Brief Guide to Surety Bonds
Most people don’t know what a surety bond is until they actually need one. In essence, surety bonds are insurance tools that limit risk and financial loss. Their aim is to protect the general public and guarantee that individuals or businesses do their job according to state laws, industry regulations and contractual expectations. How Surety […]
February 25, 2021
AgencyWhat is the Difference Between a Bonded Business and an Insured Business?
When looking to protect your business, you may find many options—two of which are insurance and bonds. These two are not interchangeable, however, and there are stark differences between bonding your business and insuring your business. It is important to know the difference so that you can protect your business with the right coverage. Bonds […]
February 18, 2019
AgencyA Brief Overview of The Bond Industry
If you have ever worked with a contractor, you might have heard them tell you that they are a bonded business. If you are a contractor yourself, you might also see in contracts that you must prevent proof of bonding. What is a bond? How does it work? Bonds are part of a wide and […]