How Contractors Can Win the Trust of Surety Agencies This past year has not been easy for a lot of business owners which is why Bonding Solutions works hard to support each client and provide high-quality bond services in hopes to help you grow your business. Considering we provide contractors with the bonds necessary to […]
9 Mistakes Contractors Make When Growing Their Business At Bonding Solutions, we work hard to provide clients with surety bonds and insurance necessary to run their business successfully. We also want to help construction companies grow their business while avoiding common pitfalls with accounting, employees, insurance, and management. This article is meant to inform contractors […]
Being a successful contractor can be rather challenging when you have bad credit. While it’s not impossible to obtain performance bonds alongside credit issues, you might face difficulties with acquiring contracts. As you already know, performance bonds are everything in the world of contractors as they dictate which projects contractors can work on. Simply put, […]
While Bonding Solutions specializes in surety bonds only, we are part of the insurance industry and are required to continue our education, carry proper state and individual insurance licensing. We have thousands of clients in the construction industry, and we thought it would be useful to provide some insurance-related information for our clients […]
While learning about surety bonds, you might run across the term underwriting. Why do bonds need to be underwritten? Who performs it, and how? When applying for a surety bond, you will need to get approved before the bond can be released. A surety company wants to know a client is reliable and bond-worthy before […]
How To Renew Your Surety Bond If you currently have an active surety bond, you might wonder whether and when you need to renew it. Although some surety bonds don’t have a termination date, most of them are valid within a specific period. To make sure you don’t get your project canceled or meet any […]
Understanding Commercial Bonds Commercial bonds stand for a broad category and include many bond types. They count over a hundred different insurance contracts. Usually, the principal, a business or an individual, needs to maintain a license or a permit for a specific occupation and purchases a commercial bond. The obligee, an organization or an agency, […]
What is a Freight Broker In order to understand the need for a freight broker bond, you first have to understand what a freight broker is exactly. A freight broker is a middleman between carriers and shippers, facilitating communication between the two parties. A freight broker ensures that the process of handing off the […]
Understanding Surety Bonds Surety bonds are often crucial for most business owners. Knowing the different types of surety bonds and which ones are required for you to legally run your business is important. Bonding Solutions has been helping business owners get the right bonds at affordable rates for decades. Our team is dedicated to helping […]
What is a court bond? A Court Bond is a categorical term used to refer to all surety bonds that are required by courts. There are two main categories of court bonds, judicial and probate. Judicial bonds may be required when you are dealing with a lawsuit. Simply put, a judicial bond would involve a […]