Business Insurance

A contractor surety bond is a bond that guarantees a construction company will complete a project as promised. There are several common types: A bid surety bond guarantees that the contractor...

The current economy has increased the demand for used cars. According to CarDealerDaily.com: "Used car volume rose about 3.1 percent in the month of February." This recent increase in...

If you have bad credit and you require a surety bond to start a new business, or you are trying to replace your current surety bond because it is not being renewed due to credit issues, this...

Anyone who operates a bail bond company is usually required to obtain surety bail insurance in order to stay in operation. A bond company is not required to obtain this insurance if it can prove...

For a contractor, the threat of litigation is a real possibility. One of his employees could unintentionally cause injury or damage to another person or property at any time. Since a lawsuit could...

Surety insurance is a term that refers to an individual or corporation that purchases a surety bond. A surety bond is similar to insurance in which a guarantee is provided. However, a surety bond...

Construction bonds are a form of insurance designed to protect clients and taxpayers from the risks associated with contracting. Bonds are issued by licensed surety companies, which evaluate a...

Construction bonding is a risk management tool used to protect project owners and developers. A bond constitutes a legal guarantee that the project will be completed as expected. In instances...

This article outlines the definition of a performance bond and how it works.

Surety Bond Insurance is actually a misnomer. A surety bond, though associated with insurance companies, is a line of credit. According to JW Surety Bond Consultants, a surety bond is a guarantee.

Surety bonds are generally used in construction, but can be used any time a contractor is hired to perform a service. In short, the bond offers financial protection in case the vendor does not...

When it comes to becoming bonded, there are two types of bond insurance that make sense for the house cleaner: the surety bond and fidelity insurance (also known as employee dishonesty or a crime...

State require mortgage brokerages to obtain licenses before they can conduct business. As a prerequisite for that license, many states require a mortgage surety bond, also called a mortgage...

A surety bond is a contractual obligation where a third party guarantees that the first party will live up to the terms of an agreement with the second party, or pay a penalty. They are often...

If your business bids on a government contract or even on many private contracts, you may be asked to put up what is known as a surety bond. This is a bond that insures you will perform the work...

Contractors regularly perform work with a high dollar value, and in an effort to provide the customer with monetary assurance that the job will proceed as described, the contractor purchases a...

Corporate surety bonds are big business, generating $3.5 billion every year. In general terms, this is the business of having a third party guarantee that a contracted party will live up to the...

Surety bonds are used in any situation where an agent guarantees that a party (person or corporate entity) will perform in a certain way or complete and action to a third party's satisfaction....

Surety bonds are intended to provide assurance in business situations that are perceived to be high risk. With this type of arrangement, the surety bond promises the obligee that a third...

Surety bonds are like insurance: better to have it and not need it, than to need it and not have it. Like insurance, surety bonds put the resources of huge underwriters behind corporations or...

Who guarantees that you will live up to your duties or obligations? When you or your firm are in competition for a big job, the company considering hiring your firm may ask for a surety bond to...

A surety bond is an agreement between three parties to ensure that a promise is kept. A surety bond company guarantees completion of a certain legal obligation by one party to another. An example...

A mortgage broker is an intermediary who finds mortgage loans at the best rates on behalf of a customer. In most states, a mortgage broker must be licensed by the state and carry insurance, in...