Today we are going to get back to the basics of bonding. We will go over what it means to be bonded and more importantly how to become bonded. We have gone over everything you need to know about surety bonding in previous articles. Therefore, we will highlight these standout articles rather than try to reinvent the wheel.
What Is A Surety Bond? – Learn what a surety bond actually is. You may be surprised to find out that they do not protect you whatsoever, but are a guarantee that is a form of credit.
How To Qualify For A Surety Bond – Not everyone qualifies to be bonded. Learn what you can do to ensure you are “bondable”. Reading this article will not only ensure that you get bonded, but also that you get the best possible rate!
Surety Companies: How To Choose The Best One For You – Bonding companies can vary on rates and underwriting practices. Find out what differences there are and how to go about finding the right carrier for your needs.
The process of becoming bonded is pretty striaghtforward:
1. Find out bond requirements
2. Apply for a bond online
3. Get approved
4. Sign indemnity agreement
5. Pay premium
6. Sign bond and send to obligee
If you read all of the articles above you will be well on your way to knowing what you need to do to become bonded. You can also use our insurance bond guide to make sure you obtain the right bond insurance.
When you are ready, you can apply for the bond type you need.