When it comes to buying a surety bond one of the first questions applicants ask is, “how much will the bond cost?” Surety bonds come in many types, many sizes…and many prices, ranging from as little as $100 to thousands of dollars. So, what determines the cost of a surety bond? Well, a number of factors.
Mobile home dealerships that sell either new or used mobile homes are often required to maintain a mobile home dealer bond. Continue reading “The Basics of Mobile Home Dealer Bonds”
Pest control bonds are designed to protect consumers and ensure that any business that uses pesticides obeys all state and federal regulations regarding the use of these substances. These license and permit bonds need to be maintained as long as the business remains operational. Continue reading “The Basics Of Pest Control Bonds”
For many business owners in the US, surety bonds are essential in helping their business grow and stay compliant with all state and federal regulations. Whether you operate a business that requires you to maintain a license or permit bond or intermittently need a contact bond to cover specific projects, it’s vital that you stay up to date with surety bond requirements in every state that your company conducts business in.
Continue reading “Surety Bond Updates Across the United States”
As of November 11, 2017, any business operating as a real estate appraisal management company in New Jersey was required to have a surety bond in place to become officially registered with the Real Estate Appraiser Board. Continue reading “Surety Bonds Required for New Jersey Real Estate Appraisal Management Companies”
The Canadian Center for Economic Analysis recently published the results of a study, conducted on behalf of the Surety Association of Canada, on the economic value of surety bonds in the country. CANCEA studied 150,000 bonded projects completed by 10,000 construction firms over the last 20 years to assess the impact these bonds had on the economy of the surrounding area. The study highlighted 5 key important findings: Continue reading “Study Shows the Long-Reaching Economic Value of Surety Bonds in Canada”
Staying ahead of the game is vital if you want your construction business to be a success. So what trends should you expect to see and what changes will you need to adopt to keep your business moving forward in 2018? Continue reading “Construction Industry Trends for 2018”
Surety bonds play a vital role in many business activities from licensing requirements to contract protection in all 50 states, but how much do you know about surety bonds? Continue reading “How Much Do You Know About Surety Bonds? [QUIZ]”
If you’re currently operating a private school or plan on opening one in the future it’s essential that you understand what private school bonds are and how they impact your business. Continue reading “Everything You Need To Know About Private School Surety Bonds”
Commercial and contract bonds serve a similar purpose in that both types of bonds provide protection for one of the parties named in the bond, but they also have unique purposes that are tailored to the industries they are used in. Continue reading “Commercial vs. Contract Bonds”