SURETY1 IS AN ESSENTIAL BUIESS AND IS OPEN DURING THE COVID 19 PANDEMIC
Occasionally, established contractors that do not do bonded work in normal course of business are asked to provide performance and payment bonds. One issue that sometimes arise in these situations is the contractor does not engage a construction oriented CPA to provide review quality financials statements. Performance bonds without CPA financials on a small scale may not be much of …
Any project that is funded with Federal money and is over $250,000 in size will require performance and payment bonds. President Biden has just proposed a 2 trillion dollar investment in infrastructure. The overwhelming majority of this work will be bonded; meaning the contractor(s) bidding on this work will need to secure bid, performance and payment bonds.
There will not …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
Surety1 was founded in 2003 and helps thousands of clients find the best prices on their surety bonds. We take pride in our work so that we can give you great service. Learn more about Surety1.