{"id":464,"date":"2018-07-05T15:49:53","date_gmt":"2018-07-05T15:49:53","guid":{"rendered":"https:\/\/www.performancesuretybonds.com\/blog\/?p=464"},"modified":"2022-01-24T16:04:28","modified_gmt":"2022-01-24T16:04:28","slug":"surety-bond-costs-always-worth","status":"publish","type":"post","link":"https:\/\/www.performancesuretybonds.com\/blog\/surety-bond-costs-always-worth\/","title":{"rendered":"Why Surety Bond Costs Are Always Worth It"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Confused about the value of a<\/span><a href=\"https:\/\/www.performancesuretybonds.com\/surety-bond\/what-is-a-surety-bond\/\"> <span style=\"font-weight: 400;\">surety bond<\/span><\/a><span style=\"font-weight: 400;\"> to your business? Great news: surety bond costs are always worth it. Here are the top reasons why that&#8217;s true.<\/span><\/p>\n<p><!--more--><\/p>\n<h2>Surety bonds are required<\/h2>\n<p><span style=\"font-weight: 400;\">In most cases, the obligee<\/span><a href=\"https:\/\/www.performancesuretybonds.com\/menu\/commercial-surety-bonds\/\"> <span style=\"font-weight: 400;\">requires a surety bond of businesses<\/span><\/a><span style=\"font-weight: 400;\"> that want to work in a particular industry. In other words, if you\u2019re going to engage in that business, you&#8217;ve got to have the surety bond. The small cost of investing in the bond is the gateway to earning money with your business, making the bond a necessary and worthwhile investment<\/span><\/p>\n<h2>Surety bonds protect the public<\/h2>\n<p>You may be asking: surety bonds protect the public, not you, so what is the added benefit? Well, for one thing, you are a member of the public. But more directly, the public knows that a bonded professional comes with a guarantee that you&#8217;ll fulfill your obligations. That peace of mind is worth a lot to potential customers\u2014and to your business.<\/p>\n<h2>Surety bonds for contracts and licenses<\/h2>\n<p><span style=\"font-weight: 400;\">Beyond those surety bonds required to do business in some industries, some surety bonds are linked to licenses and contracts. For example, a surety bond is required to become a licensed contractor. In many cases, individual contracts also come with<\/span><a href=\"https:\/\/www.performancesuretybonds.com\/menu\/contract-surety-bonds\/\"> <span style=\"font-weight: 400;\">surety bonds called contract bonds<\/span><\/a><span style=\"font-weight: 400;\"> attached to them. If you want the license and the contracts, you&#8217;ve got to have the bonds.<\/span><\/p>\n<h2>Surety bonds can protect your business<\/h2>\n<p><span style=\"font-weight: 400;\">Surety bonds are typically required, but<\/span><a href=\"https:\/\/www.performancesuretybonds.com\/menu\/fidelity-bonds\/\"> <span style=\"font-weight: 400;\">fidelity bonds<\/span><\/a><span style=\"font-weight: 400;\">, a type of surety bond, are optional. These bonds help you guard your business against harm that regular insurance doesn&#8217;t touch. For example, fidelity bonds can help protect your company from embezzlement, fraud, and theft.<\/span><\/p>\n<h2>Surety bonds might help you in court<\/h2>\n<p><span style=\"font-weight: 400;\">No one wants to go to court! However, if you must appear in court, a court bond might be necessary. Courts may require this type of surety bond to guard against possible losses from court costs, bail bonds, replevin bonds, and related expenses.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Like other forms of bonds related to the justice system, court bonds usually require collateral\u2014but if a court requires them, you can&#8217;t move forward without them. The good news is that if you get ruled against and have to pay costs, the bond will cover it (although you&#8217;ll eventually have to repay it).<\/span><\/p>\n<h2>Find out more about why surety bond costs are worth it<\/h2>\n<p><span style=\"font-weight: 400;\">If you&#8217;re curious about surety bonds and want to know more, contact Viking Bond Service at 888-278-7389. Our friendly, capable staff of professionals can help you<\/span><a href=\"https:\/\/www.performancesuretybonds.com\/surety-bond\/how-to\/get-a-surety-bond\/\"> <span style=\"font-weight: 400;\">get started on your bond application<\/span><\/a><span style=\"font-weight: 400;\"> right away.<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Confused about the value of a surety bond to your business? Great news: surety bond costs are always worth it. Here are the top reasons why that&#8217;s true.<\/p>\n","protected":false},"author":1,"featured_media":465,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-464","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Why Surety Bond Costs Are Always Worth It | Viking Bond Service, Inc.<\/title>\n<meta name=\"description\" content=\"Some people believe that surety bonds are expensive and unnecessary. 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