Have you been told to purchase a surety bond? And your first thought is, what is a surety bond?
In this video you'll learn what a surety bond is with easy to understand examples. By the end you'll understand why you're required to purchase a surety bond and how you can get the lowest price.
- 00:14 - Why a surety bond is required
- 00:30 - What a surety bond protects against
- 00:40 - The three parties in a surety bond agreement
- 01:25 - Example 1: Contractor Licenses
- 02:00 - Example 2: Auto Dealer Licenses
- 02:52 - Example 3: Commercial Cleaning Company
- 03:46 - More example of surety bonds
- 03:59 - How to find the surety bond you need
- 04:31 - Work with a specialty surety agent
- 04:56 - Get your surety bond cost
- 06:25 - Renew your bond when required
Here are other surety bond resources to fully understand what a surety bond is: