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Why should I learn about the terms and conditions of a surety bond? Isn’t this the job of a surety or an underwriter? Yes, it is. But in the spirit of transparency, we feel that our potential clients and existing clients should understand the terms and conditions as well. By having a good understanding of …
Understanding the Terms and Conditions of a Surety Bond Read More »
Signing an indemnity agreement is a standard procedure when obtaining a surety bond. It is second to the last step in the bond process – just right before the bond is issued. As the word suggests, indemnity means protection or compensation for any loss. But who is the indemnity agreement protecting? At first glance, it …
What You Should Know About Surety Bond Indemnity Agreement Read More »
State statutes require contractors working on public projects in the United States to post different types of construction surety bonds. One of the most available and common types of surety bond is the Performance Bond where it guarantees that the contractor completes the project according to the specified contract. However, there is a bit of …
Retention Bond vs Performance Bond: What’s the Difference? Read More »
Surety Bond Authority Launches Company to Make Surety Bond Process Simple November, 30th, 2016 – Woodland Hills, CA Surety Bond Authority, Inc., announces the launch of our new Surety Bond Company. Initially, Surety Bond Authority is offering its services in California, with plans to expand nationwide. “I’ve been working with the surety bond industry virtually …
As a consumer, are you truly aware of what types of laws or bonds have been put into place to protect you? At some point or another, most of the businesses you shop at are required to agree to a surety bond to legitimize their business. So how exactly do these bonds affect you? There …
How Do Surety Bonds Protect Consumers: A Consumer’s Guide Read More »
Unless you’re an expert, what you think you know about surety bonds may not be that accurate. There are a lot of myths and misconceptions out there. However,surety bonds are not nearly as expensive or confusing as many may think. If you are in the market for a surety bond, we want to dispel some …
When it comes to surety bonds, many do not know what they are, especially when there is a necessity for one. If you, like many others, are being required to seek a surety bond by an obligee and do not understand what they are and what they entail, here is everything you need to know. …
