Search results “A surety bonds”
What are surety bonds?
See our full video library with content you can't get on YouTube: http://www.jwsuretybonds.com/info/surety-bonds-101.htm You'll learn... -How to get the lowest rate -What bonds cost -Why you must avoid claims at all costs -How to increase your bond capacity -And much more!
Views: 32880 JW Surety Bonds
What Is A Surety Bond?
If you’re wondering what a surety bond is, you’ve come to the right place. SuretyBonds.com has developed this guide to give you a quick and easy to understand explanation of surety bonds. I’m Danielle, and I’ll be explaining what surety bonds are, how they work and who needs them. A basic definition explains that a surety bond brings three parties together in a legally binding agreement. These three parties are known as the principal, obligee, and surety. First, we have the principal, which is the professional or business that much purchase the bond. When a principal purchases the bond they provide a financial guarantee and prove their ability to follow certain laws and regulations. Second, we have the obligee which is the party that requires the principal to purchase the bond. The obligee is usually a government agency that uses surety bonds to regulate an industry and protect consumers from financial loss. Finally we have the surety, which is the insurance company that guarantees the bond. The surety provides a financial guarantee that the principal will fulfill the bonds obligations. If the bonded principal doesn’t fulfill the bond’s terms, the the obligee can make a claim against the bond to collect reparation for damages. If the claim is found to be valid, the surety will reimburse the obligee. Now that you know how bonds work, you’re probably wondering, who needs a surety bond and why? Surety bonds are typically required of businesses or professionals who provide services to consumers. Often times, bonds are used to regulate traditionally risky markets, such as the mortgage industry. Most surety bonds fall in one of two major bonding categories: commercial bonds or contract bonds. Commercial bonds are for business owners, entrepreneurs, and other working professionals. Commercial bonds ensure people will do their job according to licensing laws and other industry regulations. A few examples include auto dealers, notaries and travel agents. Contract bonds are used to guarantee that construction professional will fulfill their contractual obligations when working on a construction project. Contract bonds ensure projects are completed on time and keep project owners from losing their investments. So what do you do if you need a surety bond? If you need more information on a specific bond type visit suretybonds.com. If you’re looking to purchase a surety bond, SuretyBonds.com offers free, no obligation quotes within one business day. Visit http://www.suretybonds.com/what-is-a-surety-bond.html to learn more about surety bonds
Views: 21098 SuretyBonds.com
What is a surety bond?
This video is a brief introduction to surety bonds. A basic surety bond definition is presented, however the video is not meant to be a complete answer to, "what are surety bonds?" BuySurety.com (http://www.BuySurety.com).
Views: 19972 BuySurety
How Much Does A Surety Bond Cost?
This is the Suretybonds.com Education Center. Today we are looking at a question we get a lot and that is this: how much does a surety bond cost? Well how much does a surety bond cost? It depends on what type of bond you’re going to get. It really just depends. Why? There are thousands of types of surety bonds out there. There are janitorial bonds, mortgage broker bonds, bonds for construction and building apartment complexes, etc. They go from Washington state to Florida and back up to Maine. It depend on the type of bond you’re going to get. It also depends on a couple of other things about your own personal history. The big one is credit score. In a lot of ways getting a surety bond is a lot like getting a home loan or car loan or anything like that, that is more traditional for you to understand how a credit score comes into play. They’re evaluating the risk that they’re gonna take on by giving you a surety bond. It can also depend on your experience in your industry. If you have 30 years experience as a mortgage broker bond, that’s going to count in your favor when you’re going to get a surety bond and you’re going to find out the premium cost and all that stuff. If you’ve got a good credit score depending on the type of bond you’re going to get and depending on little things like how long you’ve been in business and prior claims on you for previous surety bonds. That will help determine your cost. Now some of you may have Googled this because you want to know how much your bond will cost because you need a bail bond. This is not the place for you. SuretyBonds.com does commercial surety bonds. We do not do bail bonds. I know a lot of times in news reports online or maybe even when you’re getting arrested and you need to get a bond. I would suggest going to Google and looking up your area bail bonds company. For everybody else looking for commercial surety bonds this is the place to be. There are two different markets for surety bonds: standard and non-standard. This can also come into play when you’re talking about how much a surety bond is going to cost. Standard is the traditional market. These are premiums that the average person pays is you have a credit score over 650 and been in business for a few years. The other list of criteria is something we can go over with you if you contact us at Suretybonds.com. In the standard market, you’re going to pay between 1 to 3% for a premium on the cost of your bond. For example a $50,000 bond paying 1% is going to be a $500 cost to you. Now, if you fail to meet some of the standard market criteria, you’ll end up in the non-standard market. You’ll start paying premiums from 6 to 15 percent. For example, a $50,000 bond at 10% will cost $5,000 in premium up front. It can really change the cost that you’ll have to pay depending if you fall in the standard or non-standard market. These things come into play: credit score, how long you’ve been in business and prior claims against you. For more information in figuring out the price our your bond visit http://www.suretybonds.com/edu/faqs.
Views: 18043 SuretyBonds.com
What is a Surety Bond?
Hi I’m Allison with SuretyBonds.com and I’m here to answer one of the most popular questions about surety: What is a surety bond? A surety bond is a contract between three parties—the principal (you), the surety (us) and the obligee(the entity requiring the bond). The surety financially guarantees to an obligee that the principal will act in accordance with the terms established by the bond. The principal is the individual or business that purchases the bond to guarantee future work performance. The obligee is the entity that requires the bond. Obligees are typically government agencies working to regulate industries and reduce the likelihood of financial loss. The surety is the insurance company that backs the bond. The surety provides a line of credit in case the principal fails to fulfill the task. Now that we have answered the question, “what is a surety bond?” it is important to know that there are thousands of different types of bonds, each with its own unique set of requirements. To find the exact bond that you need, visit https://www.suretybonds.com/states.html Connect With Us! Facebook: https://www.facebook.com/suretybond Twitter: https://twitter.com/suretybonds Google Plus: https://plus.google.com/b/114036244208980898672/+SuretyBonds LinkedIn: https://www.linkedin.com/company/suretybonds-com SuretyBonds: https://www.suretybonds.com/
Views: 9363 SuretyBonds.com
What Is a Surety Bond?
Source: https://www.suretybonds.org/what-is-a-surety-bond Description: You know you need to post a surety bond but have no clue what a surety bond is, neither which one is right for you? Here’s how it goes. Unlike insurance, surety bonds are NOT meant to protect your business. Instead, surety bonds serve to protect the public from dishonest business practices. Every surety bond agreement has three sides to it - the principal, the obligee (usually a governmental department), and the surety bond company. The surety bond company has the responsibility to ensure that the bonded principal will comply with all rules and regulations. Surety bonds are usually divided into four main types: - license and permit bonds, - contract bonds, - court bonds, and - fidelity bonds. These are different from one another and are relevant in different situations. 1. Contract bonds guarantee the performance of obligations under a contract. They are sometimes also referred to as construction bonds. Contract bonds protect the project owner (the obligee) by guaranteeing that a contractor will perform in accordance with the terms of the contract. Contract bonds are further divided into “Bid Bonds”, “Performance Bonds”, and among others “Subdivision Bonds”. 2. License and permit bonds, on the other hand, are a prerequisite to be able to engage in certain business activities. Such bonds can be required by the federal government, the state (such as a state’s Department of Motor Vehicles), or the municipality. Auto dealer bonds, contractor license bonds, freight broker bonds, mortgage broker bonds and many more are all examples of license and permit bonds. 3. Court bonds are used to guarantee that a fiduciary will fulfill his or her responsibilities as ordered by the law or the court. In particular, appeal bonds, guardian bonds, and probate bonds are all different types of court bonds. 4. Fidelity bonds are the type of bonds that can protect a business. These protect a business and its clients from any possible employee dishonesty. This includes theft, embezzlement or forgery. Among surety bonds, fidelity bonds are more like a traditional insurance policy, rather than a surety bond. Additional resources: 1. Surety Bond Glossary: https://www.suretybonds.org/surety-bond-glossary 2. If you want to learn more about how to get bonded, go to https://www.suretybonds.org/how-to-get-bonded 3. If you want to know how much a surety bond costs, go to https://www.suretybonds.org/surety-bond-cost 4. If you want to know if you can be bonded after a bankruptcy, visit https://www.suretybonds.org/blog/can-you-be-bonded-after-bankruptcy/ 5. To learn what is a bond claim, go to https://www.suretybonds.org/surety-bond-claims 6. If you have more questions, check out these frequently asked questions: https://www.suretybonds.org/faqs 7. If you want to get a free surety bond quote, apply now at https://www.suretybonds.org/online-application
Auto Insurance Dealer Surety Bond - What is a Surety Bond
Don't Forget to like, comment, share and subscribe to my channel ... related searches on google: Auto Insurance Dealer Surety Bond - What is a Surety Bond What is a Used Car Dealer Surety Bond? Surety Bond aka Dealers Bonds How to Get An Auto Dealer Surety Bond? | automobile club of america, | automobiles for sale Surety Bonds vs Insurance Policies Dealers Garage Liability, Dealers Open Lot & More - fitinsurance com Affordable Auto Insurance | Best Buy Insurance | Arizona How to Get Bond Insurance Texas Motor Vehicle Dealer Bond insurance commercials: Florida Motor Vehicle Dealer Bonds and this insurance tips for you C14 Automobile Insurance Terms and Defination What Is Surety Bond Insurance? : Basic Insurance Advice We're running a competition to Win Free How Much Does A Surety Bond Cost The Prosure Group | Surety Bonds | Commercial, Contract, Court Bonds Used Car Dealer Insurance for Beginner - Used Car Dealer Insurance Cost What Is Surety Bond Insurance? : Basic Insurance Advice
How Much Does a Surety Bond Cost?
Source: https://www.suretybonds.org/surety-bond-cost Description: When you are told you need to post a surety bond you may wonder how much it will cost. Luckily, the surety bond cost is not the full amount of a surety bond. Surety bonds are paid in annual premiums, which is only a percentage of their total amount. So how to find out how much the surety bond will cost you? To find that out, you need to apply for a quote. If you go to Lance Surety Bonds’ website (https://www.suretybonds.org/online-application), you can receive a quote in just a few minutes by entering basic information about your business and the type of bond required. Quotes are based primarily on the business owner’s personal credit score, which is the most important factor when determining the surety bond cost. Credit score matters, because bond companies are risk-averse when underwriting surety bonds, since they will be financially responsible if there is a surety bond claim. So, they estimate how likely you are to trigger a claim based on your credit history, just like banks do when you apply for a loan. If your credit score is poor, sureties make up for the risk by raising your annual premium. - Applicants with good credit standing typically pay between 1 and 3 percent of the total bond amount. - Applicants with damaged credit can pay up to 15 percent. In the case of a $50,000 bond, you may pay between $500 and $1,500 per year with good credit, and between $2,000 and $7,500 with bad credit. But there are ways to reduce bond costs! If you can provide strong personal or business financial statements, these can have a positive effect. Also, the more industry experience you have, the better. These factors will be taken into account each year anew when your bond is up for renewal. Choosing the right surety bond agency can have a tremendous impact on the price of a bond, as well as on your chances of obtaining one. Since surety bonds companies don’t work directly with the public, your bond will be underwritten with the help of a bonding agency such as Lance Surety Bonds. We have a large network of partnering sureties, so even if one of our bond providers declines your application, or offers too high of a price, we will shop around to find you the best deal. Additional resources: 1. Need more info on the bonding process? See: https://www.suretybonds.org/how-to-get-bonded 2. Want to know more about picking the right surety bond company? Visit: https://www.suretybonds.org/bonding-companies 3. To get a free surety bond quote, go to: https://www.suretybonds.org/online-application 4. Wondering how to lower your bond cost? Check out these tips: https://www.suretybonds.org/surety-bond-rates 5. Have more questions? Check out these Surety Bonds Frequently Asked Questions: https://www.suretybonds.org/faqs
Top 5 Things You Need to Know About Surety Bonds
For more info and 1-step ballpark estimate go to http://www.jwsuretybonds.com/info/videos/general/surety-bonds-top-five.htm "Running your own business is complicated, and there’s a lot to know about surety bonds. Here are the top 5 things you should know: Tip #1: Price can vary drastically. The cost of a bond changes depending on what the bond guarantees, the applicant's credit standing, the bond size, and the agency with which it’s placed. All of these factors come into consideration, when the surety company calculates the risk posed by issuing an individual surety bond. Tip #2: Surety bonds aren’t insurance for your business; they are insurance for whoever requires the bond and/or your clients. To you, they’re a form of credit. If there’s a claim, the bonding company will pay it, but they’ll look to your business for reimbursement. This is why you need to avoid claims at all costs. A lot of the confusion comes from mixing up surety bonds with a very similar kind of bond, called a fidelity bond. The latter actually does act as insurance to protect a company and its customers, but a surety bond doesn't. Tip #3: Provide accurate information. The accuracy of information that you provide to a bonding agency is of the utmost importance. If any of the information the bonding company receives is wrong, your business could receive an inaccurate quote. Even worse, the obligee could reject the bond, which will cost you additional time and money. Tip #4: Your credit and financial standing can play a big role in the bonding process. Personal credit is always analyzed, since it’s an indicator of whether a company is likely to trigger a claim. For larger bonds, business financials may also be evaluated to determine a business’s financial strength. Poor credit or weak business financials can raise bond rates or even prevent you from being bonded. Since JW Surety Bonds is the top US bond producer, we can approve bonds even when others can’t. Tip #5: Who your professional business partners are will have an effect on your bond cost. This will count towards whether you can have access to the best sureties, low bond rates, and fast turnaround times. For contract bonds, it’s best to work with CPAs and lawyers with experience in the construction industry. For more information, watch our video on "How to Choose the Right Bond Agency." http://youtu.be/0EWAYljHlzM
Views: 3017 JW Surety Bonds
What Are Contract Surety Bonds?
In the world of contract surety there are two basic categories – Construction Surety Bonds and Commercial Contract Surety Bonds. Video Transcript: We previously discussed that while Contract Surety Bonds are issued by insurance companies, surety is NOT like the insurance you get for your home, car or business… In the world of contract surety there are two basic categories – Construction and Commercial. In construction contract surety there are a number of bond types that may be needed. Bid bonds, performance bonds and payment bonds are the most prevalent; but, you may sometimes see: warranty bonds, maintenance bonds and subdivision bonds. When an owner, usually a public entity… but not always, decides to put a construction project out to bid, they will provide the outline, plans and specifications for that job to either a specific list of contractors or the general public. The owner (the Obligee) will set a date and time for the bids to be turned in. And here is a tricky fact…. Often a General Contractor (GC) who has been awarded a large contract will put parts of that same contract out to bid to subcontractors who specialize in certain trades. Since the GC is responsible for the entire job, even the parts they don’t perform themselves, the GC will want assurance that their subcontractors will perform the work to the contract specification so the GC will require their subs to get bonded as well. In this instance the GC becomes the Obligee to its subs and the sub-contractors are the principals. Most Obligees require the posting of a “Bid Security” in the form of a cashier’s check or a bid bond. The amount of the bid security is usually 10%, but can range from 5% to 25% or more. The bid bond guarantees that the lowest qualified bidder will sign the contract and provide the required surety bonds. For a Contractor to qualify for these bonds, they must demonstrate to the Surety their experience, expertise, staffing, cash flow, reserves and character to manage, properly perform and accomplish the work. The surety provides the bonds that allow you to get the job; but they do so with the understanding, as discussed in our “What is Surety” video, that their guarantee will never have to be acted upon. The number one rule in surety is that if the surety thinks that a requested contract bond (visual: Bid, Performance, Payment, etc.) might have a claim, then the surety will decline the request…. Period. The Extension of Surety Credit is Based Upon Zero Loss Potential. Sometimes problems occur and jobs run into trouble and claims happen. Sureties understand this and expect the contractor to step up and take care of the problem, as necessary. How a contractor manages the problems says a lot about their character and once a problem is managed and resolved, the experience can even help the contractor going forward since they have shown the ability to do what is necessary to solve the problem. Often a positive result to a job problem provides the surety underwriter with a better comfort level in regards to the character of the contractor, which can help when trying to grow their surety support. Speaking of Surety Underwriters, these are the individuals who analyze the contractors’ information and the contract to determine if the surety can support the contractor and their request. In the past, all contractors were required to provide significant financial information in order to qualify for contract surety support. Over the last decade this has changed… A bit. Today, there are many surety programs that have adjusted their entry level requirements to allow an easier path for contractors to get started in the world of surety bonded contracts. There are a number of “Application Only” programs that only need a completed application and possibly some limited financial information to provide surety bonds for single jobs up to around $500,000 and also support a total multi-job surety bonded program (aggregate) up to around $1 million or more. This is the industry’s effort to reach out and help contractors get some experience in public sector jobs or jobs that require surety bonds. Once a contractor wishes to graduate to bigger works, they will need to bring substantially more financial information to support the larger surety bond program. What is needed????? That we will save for another time. I hope our little video has given you a good insight into contract surety bonding and we look forward to sharing more surety specific information in the future….
Views: 6396 South Coast Surety
Gregory E. Marco - Surety Bonds:  An Obscure but Important Cog in the World of Finance
Gregory E. Marco, MBA, Surety Bond Account Executive, McConkey Insurance & Benefits, leads a discussion titled "Surety Bonds: An Obscure but Important Cog in the World of Finance", during the April 12, 2013 M&M Mars Executive Lecture Series for The Business Department at Elizabethtown College.
Views: 4096 Elizabethtown College
What is a Surety Bond?
For more info and a free ballpark estimate go to http://www.jwsuretybonds.com/info/videos/general/what-are-surety-bonds.htm Surety bonds are necessary for many businesses - but what is a surety bond? Surety bonds are mandated by the government, and they exist to protect customers. In this video, we'll show you an example of what an auto dealer bond is and why you need one. Different government agencies run the licensing regimens for different industries, and auto dealer licenses are mandated by state DMVs. By requiring a license surety bond, the government ensures that businesses are following their state’s regulations. In our example, an auto dealer bond goes into effect if the auto dealer breaks the DMV’s rules, protecting the customer from a big loss. Since the DMV is the agency obligating you to purchase the bond, they are known as the obligee. Rather than going to the DMV with the full value of the bond, you should use a bonding agency, which acts as a middle person. You get the surety bond from a licensed bonding agency, just like insurance. Surety bonds don’t only protect customers buying automobiles. There are bonds covering thousands of jobs. No matter what the industry, though, bonds function the same way. There are always three parties: the obligee, the bonding company, and the principal. The obligee is the agency requiring the bond (for auto dealers, it's the DMV), the bonding company (which provides and backs the bond), and the principal—that’s you. Like insurance or knowing karate, a surety bond is something you want to have, but hopefully never need to use. After watching “What Is a Surety Bond?” be sure to check out “Why You Need to Avoid Claims at All Costs.” http://youtu.be/NfLIewxxGDU?list=UUG_7JPicNcrYLSRuWEiNO_A Go to http://www.JWSuretyBonds.com for more information.
Views: 1435 JW Surety Bonds
SURETY Bond Your Default, and bail bond Yourself it is all legal==By EeoN 2018 03 22
Views: 6677 EeoN
What Is A Surety Bond? & How Does It Work?
UPDATE: At 0:58 we say that if you are a car dealer, you are required to deal vehicles ethically and honestly. While it is great to be ethical and honest, the surety bond is actually only concerned with your ability to follow the rules and regulations of your license. What is a surety bond? A surety bond is a contract, a guarantee. You can learn more here: http://blog.suretysolutions.com/suretynews/what-is-a-surety-bond There are many different types of surety bonds. All surety bonds are essentially a contract that promises you will complete or fulfill a duty. When you get a surety bond, one of two things will happen: 1. You complete your duties and nothing further happens with the bond (because the bond is fulfilled) 2. You fail to complete your duties and someone can make a claim against your bond. You can learn about the surety bond claim process in our other video. If you have questions about what surety bond you need, or what your obligations are, leave us a comment in the comment section. You can also call us (Surety Solutions) at 866-722-9239. You'll know you've reached the right number if we are super happy and ready to help you determine what kind of bond you need.
Views: 2504 Surety Solutions
Surety Bonds
www.PublishedInfo.net The Lies They Tell!! This is chess, not checkers!!
Views: 1953 Moreno Bey
Benefits of Surety Bonds for Commercial Lenders
Merchants Bonding Company held a presentation in support of the ongoing efforts by the Surety & Fidelity Association of America (SFAA) and National Association of Surety Bond Producers (NASBP) to promote the benefits of surety as it pertains to commercial lenders. Learn more about how we spread the word to Central Iowa lenders about the value and protection surety bonds can provide at: https://www.merchantsbonding.com/article.aspx?id=157&Surety%20Bonding%20for%20Commercial%20Construction%20Lenders
Views: 235 MerchantsBonding
How To Get A Surety Bond: A 6 Step Guide
If you're wondering how to get a surety bond, look no further! SuretyBonds.com developed this six-step guide to getting a surety bond. Check out http://www.SuretyBonds.com for more information on bonding.
Views: 3595 SuretyBonds.com
Become a Surety Bonds Sub Agent and Make Money with EZ Surety Bonds!
Welcome to the EZ Surety Bonds sub agent program, we are glad to have you on our team! The sub agent application process is very easy with EZ Surety Bonds, and once you apply, you can start selling surety bonds through EZ Surety Bonds and make commission and a brokerage fee. You will also receive a custom EZ Surety Bonds URL link that allows you to get paid for anyone who purchases a surety bond through your link. Make use of the instant surety bonding process of EZ Surety Bonds and make money easily as a sub agent! Please apply as a sub agent here: https://www.ezsuretybonds.com/SubAgents/Apply-as-a-Sub-Agent.php
Views: 687 EZ Surety Bonds
How Much Does a Surety Bond Cost?
See what you'd pay for a bond: https://suretysolutions.com/bonds-by-state/ If you've been told you need a $10,000, $50,000 or $100,000 surety bond, don't worry. You do not need to pay the full bond amount. Actually, with any bond you do not need to pay the entire bond amount. Generally, you will pay 1-15% of the total bond amount. If you have good credit, you will pay closer to 1%. If you have not so great credit, you will have to pay a higher rate. You can learn more here: http://blog.suretysolutions.com/suretynews/how-much-does-a-surety-bond-cost Or leave a comment in the comment section and we'll help you with a rough quote!
Views: 1814 Surety Solutions
What Does a Surety Bond Cost?
For more info and a free ballpark estimate go to http://www.jwsuretybonds.com/info/videos/general/what-do-surety-bonds-cost.htm You need a surety bond to be in business—but what does a surety bond cost? The cost of a surety bond will vary greatly depending on the bond amount, the type of bond, and the applicant. In order to determine the actual cost of a bond, you need to apply online. However, it’s possible to get a rough estimate before that, using the 1-step Ballpark Estimate calculator on our website. http://www.jwsuretybonds.com/estimate.php Take the case of an individual trying to win a bid for a public works construction project. That person would need a license bond, which guarantees they're qualified to work in that field, and then a bond for the specific public works job. The license bond is a small type of bond that licenses the principal to perform a job. License bonds depend largely on the personal credit of the applicant, since good credit is taken as a reliable indicator of someone’s likelihood of triggering a claim. The better the applicant’s credit score, the lower the rate. Once they have the license bond to be properly licensed, they'll need a bid and performance bond next. The bid bond assures the project owner that the contractor won't back out if they win the bid, and that they'll complete the project for the amount they specified. License bonds are based on industry type and the applicant’s credit score, but bid and performance bonds are based on a lot more factors. Consequently, bid and performance bonds are a lot more complicated and harder to estimate, but check out our “What Do Bid and Performance Bonds Cost?” video for more information. http://youtu.be/IyzVUJcVd6Q
Views: 1013 JW Surety Bonds
The difference between surety bonds and insurance
The difference between surety bonds and insurance. See more at http://www.ilstv.com
Views: 490 ILStv.com
Construction Surety Bonds
Your information source for Surety in Canada
Views: 4603 SuretyinCanada
How to Get an Auto Dealer Surety Bond?
Source: https://www.suretybonds.org/auto-dealer-bonds Description: Getting an auto dealer bond is one of the requirements for applying for a car dealer license. You also have to go through a criminal background check, pay your licensing fees, establish a place of business, and you need to get insurance. Getting insurance is different from getting an auto dealer bond. Liability insurance provides protection for your business and the cars on your lot. A car dealer bond provides protection for the state and your customers. It’s the government’s way of making sure you’re complying with state regulations. It also takes care of your customers, in case you use any fraudulent business methods. Auto dealer bonds, like all surety bonds, are underwritten by surety bond companies and obtained through bond agencies such as Lance Surety Bonds. Bonding companies typically don’t work directly with the public. That’s why you need to find a good bonding agency that partners with many different bonding companies. This will maximize your chances of obtaining a bond as well as receiving the lowest possible premium. When you apply at a surety bond agency, you will receive a quote showing the premium you have to pay. The amount of the premium is mostly based on the business owner’s personal credit score. The higher it is, the lower the premium. If you have bad credit, not all is lost - you can still open a car dealership. Bad credit, and other credit issues such as tax liens, civil judgments or past bankruptcies, put you in a “high-risk” category. This may increase your auto dealer bond premiums from 5 to 15 percent. But providing your agent with strong financial or business statements, cash verification or strong liquid assets can again lower your premium. Just like your car dealer license, an auto dealer bond is only valid within the state it was issued. If you want to open a dealership in another state, you’ll have to apply for a new bond and license. When you obtain an auto dealer bond you will have to renew it in regular intervals. That depends on your state’s requirements. Most states want you to renew your license every year, which means you’ll need renew your auto dealer bond every year, too. Additional resources: 1. If you want to know how bond prices are determined, go to https://www.suretybonds.org/surety-bond-cost 2. To find out more about finding the lowest surety bond rates, visit https://www.suretybonds.org/surety-bond-rates 3. To receive a FREE surety bond quote, go to https://www.suretybonds.org/online-application 4. For state-specific licensing guides, dealer bond renewal tips and the latest auto dealer legal requirements, follow https://www.suretybonds.org/blog/auto-dealer-bond-articles/ 5. If you have questions about used car dealer bonds, check out: https://www.suretybonds.org/car-dealer-bonds
How to get a Surety Bond in 5 Minutes!
You too can save time and money on your next bond! Learn how with Surety Solutions' online bond system - OneClick - where bonds are made easy!
Views: 1325 Surety Solutions
Buy A Surety Bond Instantly! - EZ Surety Bonds
EZ Surety Bonds is the only website with thousands of surety bonds that you can purchase instantly. No need to wait for a call from a surety agency, buy your Surety Bond Instantly Today!
Views: 1066 EZ Surety Bonds
Bond Market : What Is a Surety Bond?
A surety bond is a guarantee that a job or a payment will be completed and that the payment will be received. Learn how surety bonds can be used to provide comfort to a future homeowner with help from a personal asset manager in this free video on the bond market and money management. Expert: Roger Groh Bio: Roger Groh is the founder of Groh Asset Management. Filmmaker: Bing Hu
Views: 682 ehowfinance
Surety Bonds Made Easy
Surety Solutions can make getting your next surety bond easy. Don't believe us? Find our how we are different here: https://suretysolutions.com/about/how-we-are-different/
Views: 2996 Surety Solutions
What Happens If A Claim Is Made On My Surety Bond?
If you have a surety bond, you might experience someone making a claim on your bond. This is the process that takes place. Have questions? Leave us a comment or call us at 866-722-9239. Learn more here: http://blog.suretysolutions.com/suretynews/the-surety-bond-claim-process-what-to-expect
Views: 4546 Surety Solutions
Where to buy a surety bond
Where to buy a surety bond Go to http://swiftbonds.com/surety-bond/where-to-buy-a-surety-bond to get more information. In the bidding process (particularly in the construction industry) not only in government or federal projects but in big budgeted projects as well, the surety (normally an insurance company or a bank), sets up a guarantee that the obligations set forth in the contract for which a bid was placed, will be done. You need someone on your side in the process. Someone who knows the process inside and out and will get you the best deal for your money. Swiftbonds is that partner. ---------------------------------------- CLICK HERE: Find out more about all the bonds we offer at our main site http://swiftbonds.com/ ---------------------------------------- More Information about bid bonds: Bid Bond Definition | Investopedia www.investopedia.com/terms/b/bid-bond.aspInvestopedia Bid bond - Wikipedia, the free encyclopedia https://en.wikipedia.org/wiki/Bid_bond Wikipedia A bid bond is issued as part of a supply bidding process by the contractor to the project owner, to attempt to guarantee that the winning bidder will undertake the contract under the terms at which they bid. Bid Bond Definition | Investopedia www.investopedia.com/terms/b/bid-bond.asp Investopedia A bid bond is a debt secured by a bidder for a construction job or similar type of bid-based selection process for the purpose of providing a guarantee to the ... What are Bid Bonds and How Do They Work? | Construction Law Today www.constructionlawtoday.com › Bonds Jul 22, 2010 - The primary purpose of a bid bond is to assure the developer that the low-bidding contractor will enter into a contract for the price quoted in his ... Performance bond - Wikipedia, the free encyclopedia https://en.wikipedia.org/wiki/Performance_bond Wikipedia A performance bond, also known as a contract bond, is a surety bond issued by an insurance company or a bank to guarantee satisfactory completion of a project by a contractor. A job requiring a payment and performance bond will usually require a bid ... ---------------------------------------- CLICK HERE: Find out more about all the bonds we offer at our main site http://swiftbonds.com/ -------------------------------------- People who watched this video: Also searched online for: Searches related to bid bonds performance bonds bid bonds and performance bonds bid bonds explained how do bid bonds work bid bonds for construction types of bid bonds payment bonds typical bid bond amount ------------------------------------------- CONNECT WITH US: Swiftbonds G+ page https://plus.google.com/+SwiftbondsOverlandPark/about Twitter account for Swiftbonds here https://twitter.com/swiftbonds Follow us on Facebook at https://www.facebook.com/swiftbonds Swiftbonds LinkedIn company page is here https://www.linkedin.com/company/swiftbonds Swiftbonds on Pinterest https://www.pinterest.com/swiftbonds/ Our Blogger blog for Swiftbonds is at http://swiftbonds.blogspot.com/ You can find us on Diigo as well at https://www.diigo.com/user/swiftbonds ------------------------------------------ Keep up with all our video tutorials by visiting our channel at http://www.youtube.com/channel/UCcBRQemaJLahElJQueyLP_Q and click the link below to subscribe to our channel and get informed when we add new content: subscribe directly here http://www.youtube.com/channel/UCcBRQemaJLahElJQueyLP_Q?sub_confirmation=1 -------------------------------------------- #performancebonds #bidbondsandperformancebonds #bidbondsexplained #howdobidbondswork #bidbondsforconstruction #typesofbidbonds #paymentbonds #typicalbidbondamount -------------------------------------------- VISIT OUR SITE: Find out more about all the bonds we offer at our main site http://swiftbonds.com/ -~-~~-~~~-~~-~- Please watch: "what is a performance bond surety contract | performance insurance" https://www.youtube.com/watch?v=konUNvQTi0Y -~-~~-~~~-~~-~-
Views: 5729 Swiftbonds
Surety Bonds – Contractor Business Tip #182
http://www.homebuildingandrepairs.com/contractor_tips/index.html Click on this link if you're interested in more information about the book written by Greg Vanden Berge. I don't know if every contractors licensing board or agency requires contractors to have a surety bond, but in the state of California it's required. In California you can't get your license without one and it's another thing that should be checked regularly to make sure you're receiving the lowest prices and the best service. I really don't know where to start, if your a contractor who is interested in learning more about the construction business, from someone with over 30 years of experience, then this book's for you. Realistically, that's all I have to say, the book will speak for itself.
Views: 1257 501contractortips
What Is A Surety Bond?
Surety bond wikipedia. If you cannot afford to post the entire bond in cash, can get a surety. What is a surety bond? Suretybonds suretybonds what Surety bonds the basics small business administration Definition and meaning businessdictionary. Find out different types of surety bonds and how they differ from 21 nov 2016 a bond claim is complaint that says you (the principal) have not fulfilled your obligations stated in the contract What bond? Suretybonds suretybonds what Surety basics small business administration Definition meaning businessdictionary. What happens if a claim is made on my surety bond? . What is a surety bond. A surety bond is a contract among at least three parties the principal, obligee and. Learn more about what a surety bond is at travelers the performance guarantees to owner obligee that you will perform work as per terms of your contract. What is a surety bond? Surety bonds work? bond faqs what Putnam county, florida. Understand bonding and get bonded from absolute surety bonds are designed to guarantee performance in the face of a set particular risks. What is a surety bond? Tokio marine hcc. The obligee is the entity that requires bond. Jurisco surety bonds probate, fiduciary and court nationwide including california, florida, texas 13 mar 2017 a bond is contract that guarantees you will fulfill your obligations. What is a surety bond, bond definition what bond? Surety blog solutions. Html url? Q webcache. A bond violation occurs when a surety bond, which protects one party against financial loss caused by the other 22 mar 2012. Surety bond provider 27 aug 2014 for license & permit bonds, they guarantee that a principal in the construction industry, surety bonds typically ensure bonded contractor ensures contract completion event of default. If you do not perform, the obligee may we have compiled a list of common questions about obtaining surety bond. The surety is the insurance company that backs bond a defined as three party agreement legally binds together principal who needs bond, an obligee requires and sells or promise by guarantor to pay one (the obligee) certain amount if second principal) fails meet some we explain what quickly clearly. Obligees are typically government agencies working to regulate industries and reduce the likelihood of financial loss. A surety bond is a written guarantee by bonding company ensuring the find out more about nationwide's portfolio of commercial insurance options and how to meet requirements for your business breach terms agreement. Determine costs and everything else you must know from the top u. A project owner (called an obligee) seeks a contractor principal) to fulfill definition of surety bond formal, legally enforceable contract between first party (the principal or obligor), second customer obligee), and third if you want know what is how bonds work you'll find answers here. How do surety bonds work absolute. Through this agreement, the surety agrees to make obligee what is
Views: 22 tell sparky
Bond Investing : How Do Surety Bonds Work?
A surety bond has a minimum of three people involved, with one being the principal, another being the obligee and a third being the surety. Find out how someone makes a promise that someone else will fulfill an obligation with a surety bond with help from a licensed financial planner in this free video on bonds and investing. Expert: William Rae Contact: www.hbwfl.com Bio: William Rae has been licensed in the insurance and financial fields for more than 30 years. Filmmaker: Christopher Rokosz
Views: 1601 ehowfinance
Sheriffs Sell Surety Bonds to Attorneys and You Are the Surety
Constitutional Sheriffs? Wake up people. From https://www.tcsheriff.org/departments/admin-support/finance/attorney-surety-bonds
Claiming Under A Surety Contract Performance Bond
Your Information Source for Surety in Canada
Views: 1335 SuretyinCanada
Surety Bond aka Dealers Bonds
Surety Bonds are required in most states in order to get or maintain a vehicle dealers license. The bond is also known as a Dealer Bond, DMV Bond, Auto Bond and, Used Car Dealer Bond. This video explains what a Surety Bond is and how it works.
Government Contracting - Surety Bonds - All You Need To Know - Win Federal Contracts
US Federal Government Contracting Please visit us at http://www.JenniferSchaus.com for a full list of our complimentary webinars and #govcon services including GSA Schedule; SBA 8(a) Cert; Proposal Writing; Sales & Marketing; Contract Administration and more. WE ARE A DOWNTOWN WASHINGTON DC BASED FEDERAL CONSULTING FIRM. Main Office Phone: 202-365-0598 Jennifer Schaus [email protected] THANK YOU for viewing our federal government contracting webinars. Federal Acquisition, FAR, Federal Acquisition Regulation, Procurement, Federal Procurement, Contracting, Federal Contracting, Federal Contract Government, Contracting, Federal Contracts, DFARS, Defense Acquisition Regulation, Federal Regulations, SAM, System For Award Management, CCR, FBO, Federal Business Opportunities, Fed Biz Opps, Federal business, Business of Government, Set-Aside, set asides, SBA, small business, small business administration, 8a, 8(a), 8-a, 8-A, wosb, woman owned small business, vosb, veteran owned small business, minority owned, small business certification, federal certification, gsa, gsa schedule, gsa proposal, gsa audit, gsa cav, gsa modification, general services administration, gsa advantage, gsaadvantage, veteran, capability statement, cap statement, proposal writers, proposal writing, teaming, partnering, jv, joint venture, teaming agreement, teaming agreements, naics, small business standards, cage, cage code, psc, product service code, wawf, wide area work flow, contract administration, contract compliance, fss, federal supply schedule, idiq, indefinite delivery indefinite quantity, mas, multiple award schedule, federal acquisition, disadvantaged, disadvantaged small business, minority owned business, ccr, orca, central contractor registration, irapt, capabilities statement, federal training, small business instructions to offeror 52.212-1, small business instructions, reps and certs, dhs, fema, dod, defense contracting, defense acquisition, contract training, government sales, government contracts, federal sales, public sector sales, public sector acquisition, 8a program, gsa listing, gsa listings, gsa e-library, gsa e-buy, foia request, foia, freedom of information act, debrief, bid protest, how to win federal contracts, federal market, federal marketing, army, navy, air force, pentagon, procurement office, contract officer, contracting with the government, contracting with the federal government, how to win contracts, set-aside contracts, set aside contracts, sba 8a, nist, cyber security, federal regulations, contract negotiations, nist cyber security framework, bid assistance, federal bid assistance, bid training, government bidding, rfp, rfq, sources sought, government bid proposal, basics of government contracting, federal contracts, contracts, federal contractor registration, gsa list, gsa listing, gsa contractor, fpds, federal procurement data system, win federal contracts, win government contracts, simplified acquisition, govcon, #govcon, federal fiscal year, use it or lose it, usa spending, fed biz, federal business, winning government contracts, far flow down clauses, flow down clauses, sub contractor, prime, prime contractor, prime and sub contracting, sub-contractor, sub-contracting, sub contracting, subcontracting, dcaa, defense contract audit agency, federal accounting, cost accounting, CLIN, cpsr, contract purchasing system review, contract purchasing system, basics of government contracting, basics of federal contracting, basics of government contracts, basics of federal contracts, basics of federal government contracts, government contracting 101, gov con 101, federal contracting 101, how to win government contracts, how to get started in government contracting, bpa, blanket purchase agreement, what does the federal government buy, what does the federal government purchase, federal contract bid training federal contract training, federal procurement training, how to sell to the government, how to sell to the federal government, inside guide to government contracting, guide to government contracting, gov con guide, federal contracting guide, a to z of government contracts, a to z of government contracting, simplified acquisition threshold, sat, become a government contractor, become 8a certified, how to become a government contractor, how to become a federal contractor, essentials of government contracting, what are federal set asides, federal set asides, federal set-asides, set aside contracts, set-aside contracts, register for federal contracts, contractor registration, veteran contracts, federal contracts for veterans, bid assistance training, federal contracting bootcamp, government contracts bootcamp, bootcamp for government contracting, government contracting weekly, government contracting for small business, government contracting for veterans, government contracting for minorities, set-aside contracting, cyber security and government contracting,
Surety Bond Costs: Answers to 5 FAQs
Predicting what you’ll pay for your surety bond can be confusing. To help you understand what goes into calculating surety bond premiums, SuretyBonds.com has developed this guide. I’m Kristen and I’ll be answering 5 common questions you might have about surety bond cost. How is my surety bond premium calculated? A number of different variables might affect your surety bond cost. Your surety bond provider will calculate your premium by using a percentage that’s based on a specific bond type, it’s needed amount, the risk involved with the bond and your financial credentials. When applicants have strong financial credentials, surety bond premiums are typically calculated using rates that are 1- 5% for the bond amount. For example, a $10,000 surety bond will cost about $100-500 for those who qualify for the standard bonding market. Will my credit affect my surety bond cost? During the underwriting process your surety provider might consider your work history, credit score or other financial records to determine the risk they take when issuing the bond. The lower the risk, the lower the surety bond cost, as such applicants with good credit usually pay lower rates for their bond. How do I find how a surety bond for the best value? Buying a surety bond is like making any other important financial decision. Get what you need for a great price. Contact a reliable surety broker that can offer you great service for a competitive price. Because surety brokers like SuretyBonds.com, work with numerous underwriter, they have access to some of the lowest rates available nationwide. When do I have to pay for my surety bond? Surety providers almost always require bond premiums to be paid in full before they will issue the bond. Sometimes surety providers might offer financial to high risk principals with poor credit scores, however you should always be prepared to pay your full surety bond premium upfront. How will I pay for my surety bond? Most surety providers request credit or debit card payment so underwriting and bond processing can begin much more quickly. If you prefer to write a check you will have to wait longer to get the bond as your payment will have to be cleared before the provider issues the bond. Check out http://www.suretybonds.com/edu/faqs for more information on bonding costs.
Views: 5375 SuretyBonds.com
What is a Surety bond ~ how much does it cost? (used car dealers license)
What is a Surety Bond and How much does it cost? Learn more about what a surety bond is for used car dealers and how it is used. I also give you cost estimates. http://autodealerlicensenow.com
Views: 283 G Fairley
Surety Bonds 101
This video reviews the basics of Surety Bonds that include parties to the contract and the different types of contract bonds, fiduciary and court bonds, license and permit bonds.
Views: 57 Larry Nicholson
Bond Market : How Much Does a Surety Bond Cost?
A surety bond is used so that an insurance company can guarantee an initial judgment, and collateral is used to back up that bond on a case-by-case basis. Learn about the tax implications involved in using surety bonds with help from a personal asset manager in this free video on the bond market and money management. Expert: Roger Groh Bio: Roger Groh is the founder of Groh Asset Management. Filmmaker: Bing Hu
Views: 1064 ehowfinance
What are surety bonds?
A surety bond is a contract by the defendant, co-signor/indemnitor, court and bail agent. See: http://goo.gl/gixeOZ - Bail bonds are a type of surety bonds used to release a defendant charged with a criminal offense. The defendant and/or co-signor (indemnitor) pays a surety premium to be released from local or county jail. In the event that the defendant skips bail (a bond forfeiture), the bail bonds agency pays the surety forfeiture, returns the defendant to jail and looks to the indemnitor for reimbursement of the premium. Subscribe to our Channel: https://www.youtube.com/channel/UCFa3bTyDBIlCAG4LltOSFeA Follow us on Twitter: https://twitter.com/HowBailWorks Follow on Google+: https://plus.google.com/104236987866248988810/about Like us on Facebook: https://www.facebook.com/pages/How-Bail-Bonds-Work/879484352129331 #bailbonds #HowBailBondsWork
Bond Market : Can I Get a Surety Bond With Bad Credit?
A surety bond is a third party's guarantee of payment, and the issuance of such a bond may require collateral. Find out how a person can put up their house to get a surety bond with bad credit with help from a personal asset manager in this free video on the bond market and money management. Expert: Roger Groh Bio: Roger Groh is the founder of Groh Asset Management. Filmmaker: Bing Hu
Views: 2240 ehowfinance
Surety Bonds vs Insurance Policies
A surety bond works much more like a line of credit than an insurance policy. With a car insurance policy, for example, if you have an accident, you pay your deductible and the insurance company pays the rest. If there's a claim on your surety bond, the surety company will pay the claim (just like in insurance). BUT the difference is that you are responsible for repaying every single penny of the claim. More information about differences between surety and insurance: http://blog.suretysolutions.com/suretynews/whats-the-difference-between-a-surety-bond-insurance
Views: 2722 Surety Solutions
How Much Does It Cost To Be Bonded 50000 Surety Bond?
The bond what does the florida collection agency surety cost? exact price you'll pay for a will vary number of reasons. We keep the bonding process simple 23 jul 2008 we must first understand what a surety bond does as well factors that are therefore, if you applying for is requirements preferred rates or even qualify bonding, commonly public buyers do not require bonds on smaller this contractor did job many years while industry had previously required in i've often heard it said costs year. Of coverage costs $500 to. Find more of coverage costs $100 to $400. How much does a surety bond cost? Is the total amount for lot of bonds, including auto dealer bonds in many states. In today's economy, many people find themselves in tough financial the cost of obtaining a surety bond with bad credit is generally higher by and permit bonds under can be written through this program. How contractors can get bonded in six easy steps. Lance surety bonds suretybonds bond cost url? Q webcache. Below is a chart that shows how much you might pay for surety bond based on your credit need bond, but have bad. Googleusercontent search. How much does an auto dealer bond cost? Surety blog surety rates the ultimate guide five things dealers must know about bonds. The first thing you need to consider is the bond amount. Experience there is more risk in bonding a new or first time business owner we list the latest rates and our team of surety experts will help you get approved quickly. Applicants with good credit usually pay premiums between 0. Of coverage costs $250 to. What does the bond protect against? Due to bonded individual's failure deliver free and clear title for any vehicle 15 dec 2016 while asking how much a surety costs is common question, that means will always cost more than. Surety bonds bond prices how much does a surety cost? cost complete guide the consumer's to. We find the best possible price for your surety bond given particular quote button to complete our simple, one page online bonding application bad credit does not mean you can't get a. How much does a surety bond cost if i have bad credit? . 21 oct 2014 over time, bonding companies have found a direct relationship between a business owner's personal how much does a bond cost? . Bonding for small contracts. Can i get bonded still? . A surety bond will new jersey adminstrator amounts are set by the court and based on we do have markets that consider bonds for qualified applicants without an attorney. Construction new jersey administrator or executor bond bondabilitybad credit no problem! how much does a surety cost? Ezine articles. It is a good idea to do your homework and make sure you everything can assist surety bond, aug 2012 as such, it's important for dealers be bonded ensure they manage individuals in delaware, ohio vermont not have purchase bonds become unexpected bond costs set back financially. Florida collection agency bond dbl surety bonds. Ideaxchange surety bonds auto dealer north ca
Views: 85 tell sparky
Bond Market : Types of Surety Bonds
Surety bonds are used in order to satisfy the requirements for funding a future project, such as when someone is building a home. Find out how to use a surety bond to insure a payment arrangement with help from a personal asset manager in this free video on the bond market and money management. Expert: Roger Groh Bio: Roger Groh is the founder of Groh Asset Management. Filmmaker: Bing Hu
Views: 1290 ehowfinance
Surety Bonds 101: What is a surety bond?
Rosenberg & Parker - http://www.suretybond.com/ For starters, it's not insurance. It's a kind of guarantee that a company will fulfill an obligation. Rosenberg & Parker wrote the book on surety—two, in fact: "Surety for Dummies," now in its second edition, and "Contract Surety for Dummies." (Both are available free at our website) R&P has focused solely on surety for more than a quarter century. We write bonds all over the world for companies of every size.
Views: 176 rosenbergandparker
Guide to: Freight Broker License Bonds
For more information on Freight Broker License bonds or to request a quote visit: https://www.suretybonds.com/freight-b... Navigate these sections: What does a freight broker bond do? 0:41 How much does a freight broker license bond cost? 1:36 How do I apply for my freight broker license bond? 2:00 Surety bonds hold business professionals responsible for acting ethically and lawfully while on the job. When it comes to freight broker bonds, the obligee requiring the bond is the U.S. government, the principal required to purchase the bond is the freight broker and the surety responsible for producing the bond is the underwriting company. The Federal Motor Carrier Safety Administration (FMCSA) requires freight brokers and freight forwarders to get a $75,000 surety bond before receiving a license. What does a freight broker license bond do? In order to issue a freight broker license, the FMCSA requires all freight brokers and freight forwarders to file either a BMC-84 surety bond or a BMC-85 trust fund agreement. This requirement exists to ensure that licensed freight brokers and forwarders are held to certain standards, as well as to prevent fraud and failure to pay motor carriers or shippers. The primary difference between the BMC-84 bond and the BMC-85 trust fund is the cost. Freight broker bond premium is a percentage of the full amount of the bond, paid annually. The surety bond allows the business owner to legally register their brokerage, without posting $75,000 as collateral in a trust fund. How much does a freight broker license bond cost? For applicants with excellent credit, SuretyBonds.com can issue these bonds for as little as $938 in many states. Brokers wanting to renew their bond may qualify for the best available premium after a year or two of conducting business without having any claims filed against the bond. Since freight broker bonds are inherently risky, underwriters must review all applicants’ credit and financials in order to determine an appropriate premium required to write the bond. How do I apply for my freight broker bond? 1. Step 1: Apply online, and let our surety experts do all the work for you. 2. Step 2: Pay for your bond. We offer quick, easy and convenient payment options. 3. Step 3: Receive your bond. We will instantly send you a digital copy of your bond via email. This bond is filed electronically by us and submitted directly to the FMCSA on your behalf. No physical copy of the bond is ever issued. Have any questions concerning your freight broker bond? Talk to a surety specialist today by calling 1 (800) 308-4358 or complete our bond request form online and an expert will contact you immediately. Connect With Us! Facebook: https://www.facebook.com/suretybond Twitter: https://twitter.com/suretybonds Google Plus: https://plus.google.com/b/11403624420... LinkedIn: https://www.linkedin.com/company/sure... SuretyBonds: https://www.suretybonds.com/
Views: 4181 SuretyBonds.com
Surety Bonds 101: What does a surety company look at when underwriting?
Rosenberg & Parker - http://www.suretybond.com/ Sureties are underwriting not only the specific bond that's requested but the financial wherewithal of the company overall, so they look at financial statements, debt ratings and more. Rosenberg & Parker wrote the book on surety—two, in fact: "Surety for Dummies," now in its second edition, and "Contract Surety for Dummies." (Both are available free at our website) R&P has focused solely on surety for more than a quarter century. We write bonds all over the world for companies of every size.
Views: 963 rosenbergandparker
Payment and Performance Surety Bonds and Subguard Insurance in Construction Projects
This CLE webinar was hosted by Strafford Publications, Inc. and a preview of Ira M. Schulman's remarks can be heard complimentary. The full webinar can be purchased with a 50% discount courtesy of Pepper Hamilton LLP by visiting http://www.sp-04.com/r.php?products/tlw8cg1nza?trk=ZDFCT This CLE webinar provided construction counsel and contractors with a review of payment and performance bond coverage issues. The panel will discussed when subguard insurance can be an alternative, outlined key aspects of bond disputes, and offered best practices to maximize recovery and protect interests in disputes. Payment and performance bonds are critical risk management tools for construction project owners and contractors to guarantee payment and performance by various stakeholders due to current economic risks that clearly jeopardize timely and on-budget completion. While surety bonds reduce risks inherent in construction projects generally, they are particularly critical in the current economic climate due to heightened risks of contractor default and owner financial difficulties. Construction law practitioners must understand the more complicated issues that can arise when a party makes a claim under a surety bond in order to avoid costly traps and pitfalls. Listen as the panel of construction attorneys examines surety bond coverage issues and disputes and identifies common traps and pitfalls to avoid in asserting or defending surety bond claims. Speakers Ira M. Schulman, partner, Construction Practice Group, Pepper Hamilton LLP Jonathan Burwood, partner, Hinshaw Culbertson, Boston Lawrence Melton, partner, Nexsen Pruet, Columbia, S.C.
Views: 2539 Pepper Hamilton LLP

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