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A surety bond is part credit, part insurance that serves as a guarantee to ensure the fulfillment of obligations as specified in a legally-binding contract. Who are the people involved in a surety bond? A surety bond consists of a three-way party. Each party involved has a distinct role and responsibility with one another. …
What is a Surety Bond: Parties, Types, Requirements Read More »
While surety bonds are now becoming the core requirement before conducting business in California, choosing a Surety Bond Company in California can get confusing. Here are some tips to help you get started. If you created a business in California, it might be in your interest to post a surety bond. Surety bonds are available …
Tips on Selecting a Surety Bond Company for Your California Business Read More »
Great news for Class A and Class B Contractors in Virginia! They now have the option to post a surety bond instead of providing and maintaining a minimum net worth required when applying for a license. Under Senate Bill 1113, Class A and B contractors can now submit a surety bond for both initial license …
Understanding the type of paperwork required to apply for a construction surety bond is a critical step towards becoming bonded. But the documentation will only mean little if you, as the contractor, do not have the right financial qualities to qualify. First, contractors need to demonstrate adequate financial strength – with low to zero debt …
Improve Your Chances of Getting Bonded With a Construction CPA Read More »
We are not going to lie. Surety bonds can be quite confusing sometimes. For example, some people might have accidentally landed on our site because they typed “surety” instead of “security” on Google, and then decided to stay to find out what it’s all about. To be fair, they’re almost synonymous with one other…except that …
5 Most Unusual Surety Bonds That Have Ever Existed Read More »
What Happens When a Contractor Fails to Meet the Obligation? Here’s our latest Surety Bond Industry Round-up, which is a monthly series where we examine current events in the surety bond industry. This month, we curated industry-related news that detail issues related to surety bonds in the construction industry – what happens in case contractors …
Surety Bond Authority Roundup for the Construction Industry Read More »
LOS ANGELES – April 11, 2017 — Surety Bond Authority, Inc. a leading surety bond company based in California, is now bringing its surety bonds and surety bond consulting services to the State of Oregon. The company will be providing clients direct access to a list of available surety bonds required in Oregon through its website. …
Surety Bond Authority, Inc. Brings Its Surety Bond Services to Oregon Read More »
Court bonds are split into two categories. Fiduciary and Judicial. In this blog, we are going to focus on the two types of judicial bonds: Replevin bonds and Counter Replevin bonds. But first, let’s tackle what a replevin is. Understanding replevin Replevin is a law that allows people to recover goods and property that they …
