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 …
The Tennessee Public Adjuster Bond is required by the Tennessee’s Department of Commerce and Insurance, in the amount of $50,000. The bond states the bond holder shall fully account and pay to the person entitled, all funds that may come into their possession, through insurance transactions under the Public Adjuster’s license. In addition, the bond holder shall conduct their business …
If you are reading this, you have undoubtedly been affected by Covid-19 and its impact on the economy. Some business have thrived, most have struggled, but all have been impacted. We’ll discuss how to obtain surety bonds during a difficult time like the Covid-19 pandemic. If you are a public works contractor, your bond program may have also been affected. …
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 …
To state the obvious, the COVID-19 virus has wrecked havoc on the world as we know it, causing our business and personal lives to turn upside down. Nobody can answer when the pandemic will end. Nobody knows when we can get back to ‘normal’ business, if ever. The good news is the government took quick monetary and fiscal policy action …
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.