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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 »
Surety Bond Services are now available in Alaska with Surety Bond Authority California-based surety bond provider is now offering its surety bond services to the State of the Last Frontier. Los Angeles, CA, May 30, 2017 – Surety Bond Authority, Inc, a full-service California-based surety bond company, is now offering its surety bonds and surety …
Surety Bond Authority Launches Surety Bond Services in Alaska 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 »
Surety Bond Services in Washington with Surety Bond Authority Inc. California-based surety bond firm now makes available its surety bond services to residents of the Evergreen State. Los Angeles, CA, April 26, 2017 — Surety Bond Authority, Inc., a California-based surety bond company, is now making its surety bonds and surety bond consulting services available …
Surety Bond Authority Inc. Introduces Its Surety Bond Services to Washington 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 »
We sneak a glimpse into some of the typical surety bond fraud and scams and how you can avoid getting conned by choosing a reputable surety bond provider. Various types of scams and fraudulent activities have proliferated across different sectors and industries, and the surety bond industry is no different. Surety bond fraud is not …
Confronting Surety Bond Fraud in the Construction Industry Read More »
A bid bond also called a tender bond, is a type of surety bond posted by a bidder for a construction project to provide assurance to the project owner that the bidder will make realistic bids and take on the job if chosen. Bid bonds provide project owners with assurance that the bidder has the …
Did you know that there is a car wash bond? Yes. In fact, the most prominent places in the United States that require a car wash owner to secure a car wash bond are in California and New York. A car wash bond, as with all surety bonds, aims to serve as a financial compensation …
California Car Wash Bonds – Providing Financial Compensation to Employees Read More »
Courts may require surety bonds for practical reasons. Basically, like all surety bonds, court bonds serve these purposes: They guarantee payments of related court costs. They safeguard involved parties in the litigation (usually the obligee, which is opposite the bond applicant). Here are five things you may not know about court surety bonds. Court bonds …
