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Performance Bonds with Bad Credit

Performance Bonds with Bad Credit

A contractor goes to his or her insurance agent in need of a performance bond and the insurance agent tells them “you do not qualify because of your credit”. Obtaining performance bonds with bad credit, while a bit of a challenge,  can often be obtained through a professional surety bond agency like Surety1.
The Performance Bond Underwriting Process
The underwriting …

 

Post Election Construction Boom?

Post Election Construction Boom?

With the economy still recovering from the effects of the global pandemic, a new administration and seemingly no concern about he rising deficit, we could see a post election construction boom. Building infrastructure and other public works projects are both an efficient way to improve the economy and are politically visible tasks. The Federal Government will subsidies the battered state government …

 

California Debt Collectors Bond

California Debt Collectors Bond

The California Legislature passed CA S 908 that will require the licensure of debt collectors in the State of California. The California Debt Collectors Bond will be a requirement to obtain the license and the minimum amount of the surety bond will be set at $25,000. The law is to go into effect January 1, 2021, however licenses will not …

 

Alabama DMV Dealer Bond Increases to $50,000

Alabama DMV Dealer Bond Increases to $50,000

Effective October 1, 2020 the Alabama DMV License bond for motor vehicle dealers increases to $50,000. Now is a good time to shop for a better rate. You can do that by clicking here.
Before any master dealer license may be issued to a new motor vehicle dealer, used motor vehicle dealer, motor vehicle rebuilder, or motor vehicle wholesaler, the …

 

Save Money on Lost Securities Bonds

Save Money on Lost Securities Bonds

Surety1 just saved a client over $20,000.00 on their surety bonds.
It was a complicated deal. an estate was the principal (party requesting the bond) and the administrator of the estate had some credit issues. The transfer agent provided a quote for the necessary bonds, however, the principal wanted to save money on lost securities bonds and asked for a …

 

DMEPOS Bond – Renew it Now

DMEPOS Bond – Renew it Now

Is it time to renew your DMEPOS bond? Get a free, no obligation quote from Surety1. We offer and easy to use online application and have access to over a dozen, A rated surety markets to get you the best possible rate fast. Our staff of 14 surety bond professionals are working during the COVID-19 pandemic and are ready to …

 

Temporary Changes to H-2A Guest Worker Program

Temporary Changes to H-2A Guest Worker Program

The U.S. Citizenship and Immigration Services (USCIS) has enacted temporary changes to H-2A guest worker program .   As a result of the COVID-19 pandemic, the U.S. Citizenship and Immigration Services (USCIS) offices are closed so new H-2A applications are not being processed. To ensure the United States food supply stays adequate, the USCIS has issued temporary regulations extending the time …

 

I Lost my Stock Certificate

I Lost my Stock Certificate

Don’t panic because you have lost or misplaced your stock certificate, you can get it replaced.
The market is tanking, you think it’s time to sell, but I lost my stock certificate; now what do I do? Not to worry, thee is a process to have your certificate replaced. First step is to contact the contact investor relations for the …

 

COVID-19 AND THE PERFORMANCE BOND SURETY

COVID-19 AND THE PERFORMANCE BOND SURETY

COVID-19 AND THE PERFORMANCE BOND SURETY 
COVID-19 is a global Pandemic that is impacting every sector of the global economy. The construction industry is already being severely affected. While much analysis has been written on the Pandemic and the legal ramifications associated therewith, most of that analysis has been geared towards a “Force Majeure” inquiry. 
The specific question addressed in …

 

Surety1 Open During COVID-19 Pandemic

Surety1 Open During COVID-19 Pandemic

Surety1 is open during COVID-19 pandemic. While far from business as usual, most of our staff will be working from home. With the technology we have the work is practically seamless.  That said, there
may be some unavoidable disruptions due to the COVID-19 pandemic.  We count on UPS, FEDEX and USPS to deliver surety bonds. To date, we have not …