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Bedford Heights, OH Surety Bonds

Let Pro Surety Bond put their skill to work finding you the best underwriting they can on your surety bond. 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. Just pick up the phone and call 800-314-7003 .You'll experience among the best in customer service when you do. Call the Bedford Heights Surety Bond Pros at 800-314-7003!

Bedford Heights Surety Bonds For Companies On The Move

Call 800-314-7003! What is a surety bond? A surety bond is a three way agreement between one party that wants coverage (obligee), another party that must provide the coverage (the principal), and the surety, which makes sure the latter party’s commitment to the former is competed to the former’s contractual expectations. For instance, if you own a business that sells lottery tickets, the state will want coverage, a guarantee in essence, from you if you don’t deposit your receipts. The surety bond is the party that makes sure that if this is the case, then it will step in and make up the funds so the state is satisfied. Since the principal signs an indemnity agreement to not hold the surety responsible for the claim, the principal must pay the surety back. Pro Surety Bond has over 25 years of combined industry experience. Call even if you are apprehensive that you cannot be bonded because of a poor credit history. Call 800-314-7003!

Bidding Opportunities in Bedford Heights

If you are bidding on public projects for the City of Bedford Heights 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 Bedford Heights

5661 Perkins Road, Bedford Heights, Ohio 44146

Phone: (440) 786-3223

Map to Finance Department

Best Location For Relocation

Bedford Heights is a city in Cuyahoga County and it is the 165th most populous city in the State of Ohio. Bedford Heights started out as the Bedford Township, originally part of the Western Reserve of Connecticut. It was a highly desired area because of its ample, rich forests and the type of waterpower used by the industry of the day. The city was named after Bedford, New York, the home town of one of the township’s founding trustees.

Bedford Heights offer a significant number of financial incentives to qualifying businesses as a token of our commitment to the future and well-being of the city. There is the Job Creation Tax Grant, which was established to provide a monetary grant for businesses within the city that can create permanent, full time jobs, and consists of an annual payment taken from permit fees, service charges among other things. The grant is open to either new, existing of relocating businesses.  Call the Bedford Heights Surety Bond Pros Today at 800-314-7003!

I’m in the construction industry and my bonding has gone up dramatically recently. What can I do to achieve a more healthy financial benchmark to lower my premiums? It’s important to keep your eye on your affairs because remedying financial trouble is the best way to keep your bonding costs down. Having a good CPA is the first step, one that has construction industry experience ideally. Your CPA can better inform you on what you have to do than we have space to explore here, but we can still mention a few things.

Bedford Heights Surety Bond Purchasing At Your Fingertips

Things you can do to improve your financials include having cash reserves that are at least 5% greater than your annual revenue; having a line of credit in the same amount, 5% of annual revenue; having tangible working capital of at least 7.5% of annual revenue; avoiding under-billing or keeping it at a minimum; making sure that you’re collecting what’s coming to you in the receivables; avoiding profit fade with better quoting and management. Companies with poor financials often have underbillings greater than 10% of equity, and total liabilities exceeding 300% of equity. Give us a call at 800-314-7003

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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.