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SURETY BOND BLOG

Monthly Archives: November 2005

29
Nov
2005

Commercial Bonds: Obtain The Lowest Rate (Part 1 of 2)

There is a great range in rates for commercial surety bonds these days. Principals can see premiums range from 1-15% of the amount of the bond. Even a small bond at 15% can be extremely costly. In part 1 of 2 of this article, we will review what bonding companies look at when deciding a read more »




21
Nov
2005

Thanksgiving Vacation Comes Early For Most Bond Producers

According to several agents and underwriters throughout the country, the majority of bond agencies are hearing their phones ring less and less as we approach Thanksgiving vacation. I can’t quite say the same is true for JW Surety Bonds; we are busy as ever due to our unique surety programs. I was planning on writing read more »




17
Nov
2005

Surety Bonds Cleaning Up House

Manufactured homes are about to make a comeback in a big way. Due to the current housing market many young people can not afford to buy a site-built house. The recent hurricanes will also give the industry a good boost in sales, as people are looking for affordable housing that can be moved into as read more »




16
Nov
2005

Is It Safe To Purchase A Surety Bond Online?

Every day technology is making its way further into our daily lives. Internet sales are increasing globally with every passing year. Many Internet surfers are still wary of making purchases online, especially when they must divulge personal information such as social security numbers. Often, our agency is asked if our online applications are safe; I read more »




15
Nov
2005

Surety Bond Myths

Surety bonds are often misunderstood. For many, all they know about them is that they are an expense required to legally operate their business. There are many common misconceptions when it comes to suretyship, but lets review what a surety bond is prior to going over bond falsities. A surety bond is a three party read more »




14
Nov
2005

Are Too Many Credit Inquiries Increasing Your Bond Premium?

Personal credit is not the only factor used for surety bond underwriting. However, red flags on a credit report can make a rate sky rocket or in severe cases cause a declination. Red flags consist of bankruptcies, tax liens, collections, civil judgments, and low credit scores. The scoring system used by the credit bureau are read more »