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SURETY BOND BLOG

Monthly Archives: September 2004

20
Sep
2004

Surety Bonds and Personal Credit

Personal credit is one of the greatest factors for deciding if a bond is declined or approved and at what rate (for commercial and small contract bonds). This is the case whether the company is a proprietorship or corporation, but why? A credit report is a detailed summary of how financially responsible you are. Therefore, read more »




03
Sep
2004

Personal Bond Indemnification

When obtaining a surety bond, you must sign an agreement of personal and corporate indemnity between the owner(s) of your company and the surety who is guaranteeing the bond. Many clients call me telling me, “I am not signing personally, the bond is for a corporation!”. The reason for the personal indemnification is simple; if read more »