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Federal Bonds / All States

Who needs an Electrical Contractor Surety Bond?

Almost every state requires an electrician to be bonded, licensed, and insured. Without a bond, a license will not be granted. The bond guarantees  that the contractor will comply with state requirements that protect the public. A bonded and insured electrical contractor means the public is protected from any fraud or misconduct imposed by the electrician. This bond type is an agreement …

 

car wash surety bonds

A Car Wash Surety Bond Explained

Employees Benefit from this Bond
Car washes need to be bonded with a car wash surety bond in order to comply with state, city, or county laws and regulations. Employees benefit from this bond since it protects employees from their employers taking advantage of them financially and legally. With this bond, employees are guaranteed full earned wages, fringe benefits, gratuities, and …

 

Benefits of a Wage & Welfare Surety Bond

Unions require this bond in order for them to be able to negotiate collective bargaining agreements with companies. If a union member does not abide by the obligations stated in the bond, the bond amount can be used to repay claims for wages, salaries, fringe benefits and compensation for services. Union dues and benefits are guaranteed to be paid by …

 

Advance Payment Contract Bond

A contractor provides this type of bond which guarantees that the contractor will repay or settle the cash paid in advance by the owner of the contract.
An advance payment  surety bond assures the owner of the contract the contractor will fulfill his/her promised duties. A bond tells clients the contractor is legal and allows clients to be assured they …

 

What is a health club surety bond?

In many states, health clubs must be bonded. This type of bond protects customers of the health club. Protection includes the fees paid for a membership will be repaid if the gym shuts down. If the gym shuts down, the bond will repay the fees paid by the member. Health club owners are required to be bonded so if  any fraudulent …

 

A Guide For Employee Theft Bonds

Business owners who have employees with access to valuables and/or assets need this bond. Valuables can include expensive and important company assets or access to valuables of clients. Sometimes employees may take advantage of what is available to them. In order to help protect employees in the case of fraud or theft, employees should be bonded.

It is crucial …

 

Employment Agency Surety Bond

An employment agency bond guarantees the agency will provide legal and honest service on behalf of their clients. The bond safeguards state agencies and and agency clients. A bonded employment agency means the agency is trustworthy and legal to be in business.
Who needs this bond?
Employment agencies that provide services for clients by helping them find a job …

 

Surety Bond for Driving Schools

Required by each state the driving school is located in, this type of surety bond can be known by several different terms such as a driver education or improvement bond. The surety bond guarantees the driving school will conduct ethical and legal business with their clients while following all state, county, and  city rules. States and cities usually require …