Category: Surety Bond

March 9, 2023

How to Upgrade Your Bonding Capacity from a Fast-Track Program to a Standard Program

Typically, contractors that require small and infrequent, or one-off performance bonds apply for a Fast-Track Program. This application process is quick and simple and does not require much financial or underwriting information. It is ideal for contractors that need construction bonds under $500,000. Approval is based primarily on the applicant’s credit score and a completed […]

Read more

By SEO Team

0

April 26, 2017

To Bond, License and Insure?

Starting your own construction business can sometimes be a leap of faith. But that faith in your business is stronger if you learn about the industry.  For example, it is important to know the benefits of being a licensed, bonded and insured construction company. Why should I be licensed and apply for permits? The simple […]

Read more

By M L

0

March 21, 2017

Surety Bonds and Insurances: Are They the Same?

There are many who confuse surety bonds with insurances, as they are both a means to protect finances.  But, in their execution of this goal, they serve different purposes.  Confusing the two or using them interchangeably can stop your business from growing.  In the world of construction, constructions projects may require a surety bond.  With […]

Read more

By M L

0

March 15, 2017

Surety Bonds and Insurances, Working Together

We have recently rolled out a program to partner up with insurance agents to get their clients the best surety bonds in the industry. So why should YOU work together, as an insurance agent, with Surety Bond Professionals? Well, we’re glad you asked! We offer access to the best carriers. We have been in the […]

Read more

By M L

0

history of surety bondsSurety Bonds

February 25, 2017

History of Surety Bonds

Surety bonds are such a regular part of our business world today that it is hard to imagine a time where we didn’t have them.  In a previous blog, we mentioned that the first form of a surety bond occurred in 2750 B.C.  We wanted to investigate a little more about the history of surety […]

Read more

By M L

0

February 7, 2017

A Quick Guide to Surety Bond Terms

Once you have made the decision that a surety bond can help grow your business, knowing the basic construction surety bond terms can help to expedite the application process.  And, it also helps to know which bond you will need for specific parts of the project.  Yet, if looking for a more comprehensive description, our […]

Read more

By M L

0

January 5, 2017

Surety Bond Vs Letter Of Credit – What’s The Difference?

There are many financial products that help a construction company to grow, both in the private and public sector.  Two of these products, a surety bond and a line of credit, can be helpful in becoming more successful.  Knowing the difference between the two can help your business to grow. Surety Bonds vs Lines of […]

Read more

By M L

0

December 29, 2016

Is there a Difference Between Surety Bonds and Insurances?

Have you been told that a surety bond is the same as insurance?  Or that insurance is better than a surety bond in the field of construction?  There are contractors, who feel, that construction bonds are not necessary in order for their business to succeed.  Unfortunately, these are often the same contractors who do not […]

Read more

By M L

0

December 21, 2016

Why your Relationship with your Surety Bond Producer Matters

Your relationship with a surety bond producer is like any relationship.  It needs to be a good match for what you are looking for.  A healthy relationship with your surety bond producer can be beneficial.  It can help lower your stresses at work and help your business grow.  But, what should you be looking for […]

Read more

By M L

0

December 6, 2016

Surety Bond Producer as Your Advocate

The worst outcome has happened, you have had a claim filed against your business.  What to do now?  As this can be a stressful time, having someone in your corner can help lift a huge weight off your shoulders.  This is where a surety bond producer as your advocate can be of enormous help. A […]

Read more

By M L

0