The alternatives to surety bonds, such as a letter of credit may seem like a less expensive option. However, they are typically more expensive and can severely cut down a company’s liquidity. Read why surety bonds are the clear choice when it comes to cost and overall business functionality.
Surety Bonds Blog
Surety bond renewal invoices often come sooner than many expect them. A renewal invoice can be billed months prior to the expiration of the bond. Learn why bonding companies are forced to collect renewal premium prior to the expiration of the bond.
Learn about the categories and sub-categories of surety bonds. Each category is for a different type of surety bond guarantee. Knowing the differences in bond categories is a must for anyone who wants to learn the basics of suretyship.
High Risk Surety Bond Programs have been around for years now. Learn what their purpose is and why, as well as when they are a good choice. Read about what the future holds for applicants with bad credit in the world of suretyship.
Letters of credit are often used in place of a surety bond. Learn how a surety bond will increase your liquidity and save you money over a letter of credit.
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?