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 […]

Bidding on a Construction Project? Know Which Bonds You’ll Need. Almost all federal construction projects will require a contract surety bond, but often private construction projects require surety bonds as well if the project costs over a certain amount. Construction bonds, also known as contract bonds, are a type of surety bond that guarantees the […]

Motor vehicle dealer bonds also referred to as Auto Dealer bonds are a type of surety bond that provides a guarantee that the licensed auto dealer will adhere to state laws, statutes, and regulations related to his/her dealer licensing. It is essentially a contract between the dealer (the principal) and the surety (the obligee) that […]

Understanding Contractor License Bonds Contractor License Bonds are a type of commercial surety bond that assures the state requiring the bond and the general public that the contractor will adhere to state licensing regulations and statutes. This is a legally binding contract that protects the owner of a project and the general public from a […]

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