The Miller Act is the single most important piece of legislation when it comes to surety bonding. Learn what it was for and what it does to protect the public.
Surety Bonds Blog
What many do not know is that not everyone qualifies for surety bond backing. Learn what you can do to ensure you qualify for the bond type and amount you are in need of.
Indemnity agreements are required by bonding companies throughout the nation. The agreements usually require corporate, personal, and spousal indemnification. The agreements give all of the rights to the bonding company and would scare almost anyone in their right mind. Why would anyone obtain a bond if they have to sign such a one sided document?
The Surety Insider, LLC gives us a look into the world of surety bond claims. Find out what you should and should not do when it comes to finding a claims consultant. Also, get a novice crash course on the claims process from various outside sources.
Qualifying for a bond is a rather involved process. Learn the perspectives of the bonding company for what it takes to qualify for surety bond credit. Also, learn tips to increase your surety bond limits.
Bonding companies will often agree to write risks they typically would decline by requiring collateral along with the premium. This is a good solution in certain circumstances, but clients would be wise to carefully read their collateral agreements prior to signing on the ‘X’.