Home > Surety Bonds By City > Auburn Hills, MI

Auburn Hills, MI Surety Bonds

Please call Pro Surety Bond for your next surety bond requirement. We specialize in all types of Contract and Construction Bonds including Payment and Performance Bonds, Subdivision and Off Site Bonds, Bid Bonds, License and Permit Bonds, Court Bonds, Fidelity Bonds and all types of Miscellaneous Surety Bonds. A call to 800-314-7003 will show you how easy it is to purchase a surety bond. Our bond counselors would love to answer your questions! Call the Auburn Hills Surety Bond Pros at 800-314-7003!

Call To Discover How Simple It Is To Get A Auburn Hills Surety Bond

Call 800-314-7003! What is a surety bond? A surety bond is an effective way of forcing someone to fulfill an obligation. If you own a construction company that might affect nearby wetlands adversely, you might need a wetlands mitigation bond. The mitigation bond provides a fund for the government to restore the wetlands that have been adversely affected by, say, a construction project, in the event that the business that caused the adverse effects does not or cannot pay for the restoration. It's not literally a fund because there is no money put up a front; rather the surety company takes on the responsibility of putting up the money in place of the construction company, with the construction company paying the surety back after. Pro Surety Bond has over 25 years of combined industry experience. Call us even if you are distressed about applying for a surety bond because of past bad credit. Call 800-314-7003!

Bidding Opportunities in Auburn Hills

If you are bidding on public projects for the City of Auburn Hills you may be required to post a Bid Bond. The Bid Bond guarantees you will be able to provide the Performance Bonds required in the event you are the low bidder. In essence the Bid Bond pre-qualifies you for the work you are bidding on. Not all jobs require bonding but if they do we can assist you with Bid Bonds, and subsequent Performance and Payment Bonds as required by the state. Please call the Contract Bond Team at Pro Surety Bond for more information.

Click Here for Bidding Opportunities for the City of Auburn Hills

1827 N. Squirrel Rd., Auburn Hills, MI 48326

Phone: 248-370-940

Map to Finance Department

The Community of Auburn Hills, Michigan

Auburn Hills is a city in Oakland County and it is the 98th most populous community in the state of Michigan. Auburn Hills started out is Pontiac Township, but the name of Auburn Hills originated in 1964 when Oakland Community College named a campus that had been a missile base at Featherstone and Squirrel Roads for the hilly terrain in he area. In 1908, John Dodge the automobile pioneer bought a farmhouse on site of it would become Auburn Hills to use as a country retreat.

What are the advantages of Surety bonds in relation to the types of risk management? The main reason you might want to use a surety bond for your risk management is that Surety bonds are only issued on the basis of the credit worthiness of the bond applicant. When the surety does issue a bond, it is usually done so without any collateral, which means the bond does not appear on your accounting ledgers as a liability. In most cases this is good for you because it means that you have more working capital to use to run your business.  Call the Auburn Hills Surety Bond Pros Today at 800-314-7003!

What is the general Indemnity agreement? The General Indemnity agreement is a document that a bond purchaser must sign before they are issued a surety bond, and it states that the surety company will be responsible for paying claims only to the extent that it will issue a short-term loan to the bond purchaser to pay that claim. It also gives the surety company the power to pursue its reimbursement to the greatest extent of the law permitted. This is why states with community property laws spouses also sign the agreement, since they are de facto part owners of the business.

Auburn Hills Surety Bonds For Safety And Security

What is the difference in the way insurance companies handle risk and the way surety bonds handle risk? With liability insurance, there's an explicit transfer of risk from the policyholder to the insurance company. However, the things they take responsibility for are accidents and unforeseen events. Surety Bonds on the other hand are used only when there is an obligation that needs a guarantee. Default on obligations are avoidable, at least in theory. You usually buy a surety bond to cover the other party when you have not lived up to the terms of a contract you have signed. Give us a call at 800-314-7003.

Related Links:

There are literally thousands of different Surety Bonds to guarantee the performance of businesses and individuals. The following list of are the bonds we most commonly see.