Immigration consultant bonds play an important role in the world of certified immigration consultants and the immigrants who they aim to help. Immigration consultants help their client assess their options for attaining a visa, while assisting with the paperwork that is involved. Several jurisdictions, such as state and local governments in the US, require immigration consultants to have surety bonds in place to ensure that the consultants will operate in good faith. This surety bond serves as a way for local governments to grant certain protections for those who are looking to live and work within their jurisdictions. Continue reading “Immigration Consultant Bond: What It Is and Why It’s Needed”
Performance bonds are a type of surety bond that help those hiring contractors manage risks and make sure the job is done right. In 2750 BC, the pioneering historian Herodotus reported the use of performance bond agreements as a form of surety. Today, across public and private sectors alike, performance bonds are used by owners to ensure that contractors are up to the task. The extra security that a surety bond offers is an important part of a successful project. Continue reading “How to Get a Surety Bond: Performance Bond Examples”
The holidays are coming up, and that means more people taking to the skies to visit loved ones and embark on getaway adventures. As a travel agent, you help your clients enjoy the best vacations possible, taking care of the details so that they can focus on enjoying themselves. Continue reading “Why Travel Agents Need an ARC Bond for the Upcoming Holiday Season”
Maintenance bonds give project owners and contractors alike peace-of-mind throughout the construction process. Warranty and maintenance bonds are surety bonds that allow project owners to receive financial compensation from a surety when a contractor’s obligations do not meet the required standards. Maintenance bonds are specifically crafted to ensure that the construction of the project holds up for a particular length of time after the project is completed. Let’s check out the ways in which maintenance bonds ensure a better contracting process from start to finish. Continue reading “How Maintenance Bonds Ensure Your Contractor Gets the Job Done Right”
For the first time in 12 years, the United States Small Business Administration (SBA) has announced a decrease in Surety Bond Guarantee fees. Continue reading “Industry News: One-Year Fee Reduction for SBA’s Surety Bond Guarantee Program”
Anyone who is planning to charge consumers a fee for providing financial advice must acquire an investment advisor surety bond, also called a financial advisor bond. The investment advisor surety bond is required to do this kind of work in most states. Usually, proof of the investment advisor surety bond must be submitted to the Department of Commerce and Consumer Affairs or the Department of Finance in the state in question.
Forests are a public resource, providing we the people with timber for professional, public, and personal uses. Removing trees can help both contractors and landowners earn money, and if it is done properly, it can be done in harmony with the local ecosystem. However, when trees are removed incorrectly, harm to nearby waterways and surrounding wildlife is possible.
Another type of contract bond is the payment bond. These bonds are required for most construction projects, so many, if not most, contractors have had these bonds. Payment bonds guarantee that subcontractors, laborers, and materials suppliers will be paid, and paid on time. Payment bonds and the surety companies that back them keep projects lien-free and help ensure that all parties are happy.
As a maid, janitor, or any cleaning services provider, you may find that potential clients often insist on hiring only companies with janitorial bonds. These surety bonds ensure any cleaning services contract, and not only protect the person paying for the service, but they also protect your small business, which relies on reputation.
A variety of construction bond is the performance bond. This type of surety bond guarantees that a project will be completed satisfactorily by the contractor who undertakes it. This is different than insurance; the surety doesn’t just pay when contractors default on work.