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Cascade Township, MI Surety Bonds

Contact Pro Surety Bond the moment you know you need a 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. It's time to call 800-314-7003 because our bond agents are among the most knowledgeable you’ll meet. Speak to an agent who can help you immediately.Call the Cascade Township Surety Bond Pros at 800-314-7003 !

The Cascade Township Surety Bond Express Is At Pro Surety Bond

Call 800-314-7003! What is a surety bond? A surety bond is a way of imposing a financial requirement on someone. Let's say you own a company that builds subdivisions and you want to build one next to a wetlands. To get a permit you will need to buy a wetlands mitigation bond, which guarantees that if the subdivision contractor can’t pay for the wetlands reclamation, then the surety will put up that money. Defaults for these types of bonds are not common so surety bond companies will, if the subdivision contractor is financially sound, promise the government that it will put up the money if a claim is made against the bond. This saves the subdivision construction company from having to put up a large amount of money that will cut into it finances and reduce its ability to come up with working capital. If a claim is made the surety will advance a short-term loan to pay, but it has to be paid back by the contractor. Pro Surety Bond has over 25 years of combined industry experience. Call us even if you're not confident that you'll be able to get a surety bond at an affordable price.Call 800-314-7003!

Bidding Opportunities in Cascade Township

If you are bidding on public projects for the City of Cascade Township 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 Cascade Township

2865 Thornhills Avenue SE, Grand Rapids, MI 49546-7192

Phone: (616) 949-1500 
Map to Finance Department

The Community of Cascade Township, Michigan

Cascade Township Charter Township in Kent County and it’s the something 112th most populous community in the State of Michigan. The city’s defining feature is the Thornapple River which divides it into east and west. The Cascade Township Downtown Development Authority was created in 1993 to implement a broad range of improvements to the downtown area, including the completion of the Cascade Road Project, the participation in the design of the Cascade Museum Gardens, participation in the design and financing of the Old 28th Street streetscape project, and completion of sidewalks along 28th Street. These projects have been considered successful in the respect that they have drawn new businesses and professional interest to the area, including boutiques, restaurants and professional offices. The township is approximately 10 miles Southeast of Grand Rapids

How much do surety bond renewals cost? Is it impossible to say exactly how much here a surety bond might cost, but there are a number of things that underwriters take into account that you should know. The first is risk. Underwriters will come to the judgement on how likely you are to make a claim in the future based on how many claims you've made in the past. As you might expect, the more claims you have been made against, you in the past, the more likely that claims will be made (or so how underwriters think), and therefore the higher the premium you might have to pay. However, if you have a run of several years without any claims, you might be delighted to find that your bond premiums drop.  Call the Cascade Township Surety Bond Pros Today at 800-314-7003

How early should I get my surety bond renewed? Surety producers recommend that you get your surety bond renewed 60 to 90 days before it expires. This is most important for surety bonds that expire on the same day. For instance, in some states a surety bond for an auto dealer bond is required on October 1st. Everybody has to by their bond on that day. You don't want to wait until the last day because there might be a small crush on your bond, and you might find that your coverage lapses a little bit, which could result in a penalty against you. This is especially important for bonds that fall do on the last day of the year called because that is easily the period of the year that is most busy for sure to producers.

Pro Surety Bond Is Your One Stop Cascade Township Surety Bonding Source!

What is a General Indemnity Agreement? A General Indemnity Agreement (GIA) is a document that a bond purchaser must sign in order to receive a surety bond. The GIA essentially indemnifies the surety against loss that it has incurred as a result of a paid claim. This may not sound right to you, because you might have thought that surely bonds are like insurance, and that the surety took on the full responsibility of your obligation. The problem is that surety companies are not insurance, because insurance companies do not cover obligations, which are at least in theory avoidable. Surety companies accept responsibility of making sure a commitment you have made is fulfilled. The bond purchaser still has to pay the surety back. 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.