How To Get A Surety Bond
Surety Bond Process: How To Get Started
Woman: The government told me I need a bond to open my business, but I don't know where to start.
JW: Don't worry, most are unfamiliar with surety bonding. Let me tell you what steps to take and provide an overview of the process.
Woman: That'd be great!
JW: We first need to determine what type of bond you need. You said that it is a bond required by the government to open your business. This tells me that it is not a bond for a specific job or contract, and it's not a bond required by the courts. That means you are in need of a License and Permit bond or Miscellaneous commercial surety bond. Now that you know that, you can get an instant quote on our website.
Woman: Excellent! What is the remaining process after I receive a quote?
JW: It's easy. From there, you simply pay online, sign the bonding company's indemnity agreement, and you'll receive your bond.
Woman: That sounds pretty straightforward, but can you tell me what an indemnity agreement is?
JW: I'm glad you asked. It's important that you realize the bond does not protect you at all and claims can cost you big time!
Woman: Are you serious?!?