Most people never hear the term ‘surety bond’ until they are told they need one. Bonds, in a business context, are a guarantee for your customers that you will follow through with your obligations.
You can learn more about how surety bonds work.
A good rule of thumb is that if you are told you need a bond, you most likely do.
Here are the top four reasons you would need a surety bond.
Moving a loved one into a care home can be a difficult, but needed decision. Family members want to ensure they are choosing the best care facility possible for their loved one. This is especially important when the care facility will be offering assitance when it comes to funds.
Care facilities can show they are law-abiding and trustworthy by purchasing a Patient Trust Bond for their facility.
Family members can ensure their loved one has a recourse of mismanged funds by choosing a facility that holds a Patient Trust Bond.
Having no credit means you do not have any credit history with one of the three nationwide credit reporting companies. Often, this means you haven’t taken any steps to establish your credit, such as opening a credit card account or taking out a bank loan.
Those with no credit are often called “credit invisible”.
While credit invisible individuals can take steps to establish credit, you might be on a tight timeline. Here’s what it means for surety bond if you have no credit.
Are you ready to be a motor vehicle dealer in Maine? The Maine Bureau of Motor Vehicles (BMV) handles all auto dealer license requests.
You are legally allowed to sell up to 5 vehicles in a calendar year as long as those vehicles are titled in your name and used primarily for personal, family, or household use. It is illegal to flip any car for a profit that is not registered in your name.
Not sure if you need to get licensed? Check out this post on selling cars without a license.
Whether you are helping manage the labor needs of a small or large farm in California, you have responsibilities and duties as a farm labor contractor. You need to ensure your employees are working diligently while still being safe, and you need to make sure your employees are paid their wages on time.
To ensure these responsibilities are met, the state of California Department of Industrial Relations requires all California farm labor contractors to hold a California Farm Labor Contractor Bond.
If you are unsure if you need to get licensed and bonded, check out the Rules and Regulations for FLCs.
Thinking of becoming licensed as a real estate broker in the state of West Virginia? The West Virginia Real Estate Commission handles the licensing process, and these are the requirements you must meet to get licensed.
The Nevada State Contractors Board requires all contractors to have a license before they begin working in the state. This is to protect consumers from being victimized by unscrupulous individuals or companies.
Nevada does have limited reciprocal agreements with the state of Arizona, California, and Utah. More information.
Here is a step-by-step guide on how you can get your Nevada Contractors License so you can be compliant and prepared.
Want to see how much a Contractor License Bond would cost you? Get a FREE Contractor License Bond Quote.
If you plan on selling more than 4 vehicles a year, then you’ll need to get a Rhode Island Dealer License. Rhode Island Dealer Licenses are issued by the Rhode Island Division of Motor Vehicles.
Not sure if you need to get licensed? Check out this post on selling cars without a license.
Short on time? Check out our Car Dealer License FAQ.
An Administrator is a person appointed by a probate court when an individual dies leaving an estate but no will. An Administrator is appointed to oversee the deceased’s assets.
Managing an estate is hard, detail-oriented work. When you’re managing an estate on behalf of someone else, you need to ensure that you are both accurate and ethical.
To help ensure assets are handling properly, the court may require you to secure an Administrator Bond.
You will pay anywhere from 1-15% of your total surety bond cost. How can you get closer to the 1% rate?
Choosing the right surety bond company is one of the best things you can do to lower your surety bond cost, but there are many things you can do on your own.
Short on time? Read about the 12 influences of Surety Bond cost.
Secured by SSL.
Please read our Privacy Policy and Terms & Conditions.