You’ll never lose if you call Pro Surety Bond your bond provider. 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. Call 800-314-7003 and speak with a skilled agent who can help you make a decision on your surety bond. A representative can help set you on the right path. Call the Burlington Surety Bond Pros at 800-314-7003 !
Call 800-314-7003! What is a surety bond? A surety bond is a guarantee that one party will live up to a commitment that another has made to it. If you need a business license, for instance, the government has requested you to take out a surety bond as a guarantee of the commitment you have made that you will obey the regulations of your industry and do business honestly. If you do not do so, you can be fine or a claim can be made against you. You could put up this money as a security, but this would be a waste of your working capital, since very few people actually have claims made against them. Rather, when you buy a surety bond, you are sort of renting the financial reputation of the surety, and that’s why governments trust them. If you should get to the point where a claim is made against you, the surety has already agreed that it will pay any claim as long as it's valid. Keep in mind that this is a short-term loan made to you and must be paid back. Pro Surety Bond has over 25 years of joint industry experience. Call 800-314-7003!
If you are bidding on public projects for the City of Burlington 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.
300 N. Pine St. Burlington, WI 53105
Burlington is a city in Racine and Walworth counties, and it is the 63rd most popular community in the state of Wisconsin. The site that would become Burlington was originally settled by Native Americans, the Potowatami specifically. The first Europeans to settle on this site was in the fall of 1799, when a group of French explorers arrived. The first person of English descent to live on the site was a man named Moses Smith, who was the son of a revolutionary war veteran. The original name of the site was Foxville, but later the residents of the city changed it to Burlington after City of Burlington, Vermont.
Will I need collateral for my performance bond? That will vary from situation to situation, and from company to company as well. If you need collateral to get a surety bond, it means that the surety is not confident that you can pay back a claim it has paid out. Don’t stress about it too much, though. Collateral is not ideal, but it happens more than you’d think. Some companies have lower thresholds for requiring collateral than others, so there's no industry standard. However, sometimes just putting up some cash in the form of a letter of credit will get you a bond. If you do have to put up collateral, you'll have to sign a collateral agreement according to the shortest terms. Call the Burlington Surety Bond Pros Today at 800-314-7003
Who is the obligee in a surety bond transaction? The obligee is the party that wants coverage from the principle, which is the party buying the bond. The obligee requests the bond because it wants a guarantee from the principal of some performance. But often it can be difficult for principal to come up with the amount of money needed to cover what the obligee demands, and that's where surety bonds come in. When the principal buys a surety bond, the surety promises the obligee that it will pay any valid claim even if the principal does not agree with the claim, or any other reason for that matter.
At the same time, the surety company enters into an agreement with the principal, and that agreement states that the surety company will put up the money for any claim, as long as it's valid, with the provision that the principal will pay the surety back. The surety goes to a lot of trouble to make sure that the principal is financially sound enough the pay back that claim, and to further bolster its position, it requires the principal to sign an General Indemnity agreement. When the principal purchases the surety bond, it is in a sense renting the financial strength of the surety company, and that's why obligees will trust surety companies if they have to make a claim. Give us a call at 800-314-7003.
113 E Chestnut St, Burlington, WI 53105Phone: (262) 763-6044
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.
|Burlington Release of Lien Bond||Burlington Health Club Bond|
|Burlington Business Service Bond||Burlington Bid Bond|
|Burlington Subdivision Bond||Burlington Freight Broker Bond - BMC-84|
|Burlington Credit Services Organization Bond||Burlington Used Car Dealer Bond|
|Burlington Notary Bond||Burlington Sales Tax Bond|
|Burlington Cost Bond||Burlington Guardianship Bond|
|Burlington Medicaid Provider Bond||Burlington Title Agency Bond|
|Burlington Public Official Bond||Burlington Employee Theft Bond|
|Burlington Insurance Broker Bond||Burlington Material Bond|
|Burlington Honesty Bond||Burlington Lost Title Bond|
|Burlington Fidelity Bond||Burlington Auto Dealer Bond|
|Burlington Labor Bond||Burlington Collection Agency Bond|
|Burlington Performance Bond||Burlington Lost Deed Bond|
|Burlington Wage and Welfare Bond||Burlington Lost Instrument Bond|
|Burlington Auctioneer Bond||Burlington Executor Bond|
|Burlington Third Party Administrator Bond||Burlington Promoter Bond|
|Burlington Supersedeas Bond||Burlington Lottery Bond|
|Burlington Home Health Care Bond||Burlington Emissions Station Bond|
|Burlington Race & Sports Book Bond||Burlington Telemarketer Bond|
|Burlington Mortgage Broker Bond||Burlington Appraisal Company Bond|
|Burlington Pharmacy Wholesaler Bond||Burlington Process Server Bond|
|Burlington Replevin Bond||Burlington Janitorial Service Bond|
|Burlington Utility Bond||Burlington Non Resident Cost Bond|
|Burlington Credit Repair Bonds||Burlington Mortgage Lender Bond|
|Burlington DMV Driving School Bond||Burlington DMEPOS (Medicare) Bond|
|Burlington Contractor’s License Bond||Burlington Off Site Improvement Bond|
|Burlington ERISA Bond||Burlington Talent Agency Bond|
|Burlington Pawnbroker Bond||Burlington Payment Bond|
|Burlington Garage Bond||Burlington Travel Agency Bond|
|Burlington Appeal Bond||Burlington Supply Bond|
|Burlington Sheriffs Indemnity Bond||Burlington Warranty Bond|
|Burlington Injunction Bond|