Surety Bond Blog

To provide a legal and financial guarantee of fidelity and honesty, many businesses use fidelity bonds, but what is a fidelity bond?

There are 5 types of insurance policies that are essential in every construction project as they offer wide coverage to protect construction firms and help minimize their risks.

If you like helping people and have a good eye for detail, becoming a public adjuster could be a great career path for you.

Increasingly, it’s possible for a notary to notarize a document through video conferencing and electronic document transfer.

Alabama HB393 sets out new licensing requirements, fees, and increases the surety bond requirement to $50,000 for new and used Alabama Auto Dealers.

If you need an ERISA bond, it can be relatively simple to get one—but there are some key facts to know to ensure that you work with a qualified surety and get an affordable rate.

Getting a surety bond in Texas is a straightforward process, but first, make sure you know what bond you need.

Virginia Skill Games Owners and Distributors face new reporting and surety bond requirements starting July 1, 2020.

What are these surety bonds? Who does the VA require to get a surety bond? What are the responsibilities of the fiduciary?

5 strategies to help contractors mitigate COVID-19 distruptions.

These two types of surety bonds are typically purchased together, but they perform two different and equally critical functions.

What are the key steps to take and factors to be aware of starting a credit services organization?

To ensure that the executor or administrator’s obligations are carried out faithfully, probate courts often require executors and administrators to obtain special types of surety bonds.

If you own or manage a janitorial service business, protect your clients and demonstrate your commitment to ethical business practices.

Payment issues are a challenge to construction firms all across the globe. The persistence of payment issues lies in the structure of construction projects.

What do notaries do? What qualifications are there? What's the application process?

These surety bonds are all either required or recommended for Ohio businesses.

These surety bonds are all either required or recommended for Ohio businesses.

Tax preparer surety bonds are required in some states for tax preparers who aren't CPAs or EAs. Find out more about these surety bonds and how to get one easily and affordably.

For many types of businesses in Washington State, a surety bond is a requirement to get licensed.

Florida's allure is much deeper than just the balmy weather that has earned it the title of "Sunshine State."

The cannabis industry continues to grow into a major force in the California economy.

DMEPOS Medicare providers must enroll with the CMS before they can bill for covered Medicare services

Becoming a mortgage broker can be a fun and highly fulfilling career.

There are different types of insurance adjusters and each one plays a different role in claims adjustment.

Which of the many types of Oregon CCB contractor bonds is right for your business?

Sureties, obligees, principals... what do all of these surety bond terms mean?

Running a startup comes with a lot of risk. Demonstrate trustworthiness to customers and authorities.

Buying a surety bond online is a surprisingly quick and easy process when you work with Surety Bonds Direct.

Getting a Florida contractor's license involves a paperwork and demonstrating that you're financially responsible.

What does it take to find an honest used car dealer that you can trust to sell you a great vehicle?

Each is important in its own way, and each is a step on the path to becoming a licensed California contractor

Bad credit shouldn't hold you back from becoming the entrepreneur you've always dreamed of being

Surety bonds protect a business's customers and clients against all kinds of adverse circumstances

Quickly get your head around the differences between the FMCSA requirements to get your freight broker license.

Thinking about opening your own car dealership? Learn about how to navigate the process, get your bond, and get your license.

If you're just starting out in the car business a dealership without a lot might be an option for you.

Business is booming in Arizona. Which surety bonds are most frequently required to be compliant?

Entrepreneurs in many different fields need surety bonds to get licensed and protect their customers and themselves.

Navigate the most common bonds in one of the fastest-growing states in the nation.

A fast-growing economy with new businesses and investment makes CA a hot market for bonds.

Getting the right surety bond for your business for compliance and establishing trust with your clients.

A quick 5-step overview on how to legally obtain a California dispensary license.

How to find the right bond for your specific needs for compliance, licensing, and building trust with your customers.

With a booming consumer-driven economy and an eCommerce landscape that’s growing at lightning speed with no signs of slowing anytime soon, there’s enormous demand for all things transport in 2019.

Become a licensed contractor in the state of California with the help of Surety Bonds Direct. Read this guide for step-by-step info on how to go about getting licensed the right way!

Motor vehicle dealers and related businesses are subject to surety bonding requirements in nearly every state. These bonds are also known as auto dealer bonds, car dealer bonds, and MVD bonds.

Almost every state in the country requires that certain types of contractors post surety bonds in conjunction with various licenses and permits. The bonds are required for both residential and commercial contractors engaged in many construction trades including general home improvement, electrical, roofing, drywall, HVAC, plumbing and many other specialties.

The surety bond price drop can be attributed to a few different factors. First, the overall economy is relatively strong and continues to show moderate growth. This means that businesses are doing well overall and insurers that assume the risk of loss on surety bonds are faced with fewer claims and loss payouts. Additionally, more insurers have decided to enter the commercial surety market and that extra competition has led to even lower prices.

Texas businesses involved in buying, selling or exchanging motor vehicles or otherwise engaging in business as a dealer, directly or indirectly, including by consignment dealers, must submit application for a general distinguishing number (GDN) license issued by the Texas Department of Motor Vehicles.

Finding an affordably priced surety bond when you have poor credit can be a frustrating experience. Often times, bond premiums for those with bad credit or no credit can exceed 10% of the bond amount. Many commercial surety bond requirements exceed $25,000 resulting in annual bond premiums of $2,500 or more for bad credit applicants! This is a significant cost of doing business for a small business owner.

Let's look at an example of a California Motor Vehicle Dealer Bond for $50,000 and the premium (cost) for 2 different buyers, Joe and Ted.