What is an indemnity bond?
An indemnity bond assures the holder of the bond, that they will be duly compensated in case of a possible loss. This bond is an agreement that protects the lender from loss if the borrower defaults on a legally binding loan. If the principal fails to fulfill the contractual obligations (agreed upon by the obligee […]
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Surety Bond Professionals Celebrates 5th Year Anniversary
Surety Bond Professionals (SBP) has reached an exciting milestone as the company celebrates 5 years of providing surety bonds to the construction and commercial industries. Our Origins Mark Leskanic, President, founded the agency in 2015 after years of working for large bonding companies and insurance agencies. Mark recognized the need for a bond-only agency that […]
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What Contractors Can Do During the Coronavirus Pandemic – A Bonding Agent’s Recommendations
In a world turned upside-down by a global pandemic, contractors are likely working extra hard to make sure their business is braving the storm. They may be experiencing a variety of struggles, including a shortage of labor & supplies, cash flowing payroll and liabilities, and completing contracts on schedule. During a time like this, it’s […]
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Mortgage Broker Bonds
The mortgage industry is highly regulated, and the people who work in it are held to high standards. Mortgage brokers must be licensed by the states they work in, and most states require the purchase of a mortgage broker surety bond as part of the licensing process. Learn more about these bonds below, and request […]
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Freight Broker Bonds (BMC-84 Bonds)
Freight Broker Bonds (BMC-84 Bonds) Learn more about BMC-84 bonds below, and contact Surety Bond Professionals today to request a quote. Our experienced surety agents are ready to help you get the bonds you need. Get A Quote What Are They? The Federal Motor Carrier Safety Administration (FMCSA), which is an agency of the U.S. […]
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