Effective September 1, 2021, all Independent Motor Vehicle Dealers in Texas holding a General Distinguishing Number (GDN) will be required to obtain a $50,000 bond. The bond limit, according to the Texas Transportation Code Chapter 503, has increased from the previously required $25,000 bond. Those who are up for renewal or are applying for a […]

Buying a car may be a perplexing process filled with several questions. Before acquiring a car, it is critical to understand the status of the title. Because most individuals have no idea what “bonded” implies, a title labeled “bonded” can immediately raise suspicions. Hopefully, we’ll be able to answer some of your questions here. The […]

Many types of businesses that deal with automobile sales and service are required to have surety bonds. These bonds help to protect customers and drivers while also holding companies in the auto industry accountable. Before they can obtain financing, businesses such as new and used car dealers, brokers, wholesalers, and auto parts dealers may need […]

For both new and experienced professionals, starting a career in the insurance industry can be an appealing option as there is the potential to make a significant amount of money due to the commission-based salary structure. It’s a flexible career path with a diverse roster of interesting clients, depending on the area of emphasis. The […]

In America, there are 574 federally recognized Indian Sovereign Nations. For the past 50 years, construction and development have boomed on tribal lands. Native American communities develop various projects, including municipal buildings, housing, roads, utilities, commercial space, and casinos. It is a multi-billion dollar industry, and this demand for construction has required non-Native suppliers, contractors, […]

As a business owner, it is important to understand the surety bonds claims process in order to fully grasp the 3-way contract you are entering into. The surety bond claims process is something you ultimately want to avoid, and you can do this by upholding your promise to complete lawful work as required by your […]

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 […]