Learn more about surety bonds from the diligent professionals at Pro Surety Bond before you purchase. 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. Now is the time to get the phone and call us at 800-314-7003 . Let us create the best customer service experience we can. Call the Charlottesville Surety Bond Pros at 800-314-7003!
Call 800-314-7003! What is a surety bond? A surety bond motivates you to follow through on a commitment. If you own a business in which the workers perform their duties on your client’s premises, you might want to have a surety bond to show that you are committed to protecting your clients in case one of your employees steals or commits any fraudulent acts. This type of bond is rarely mandatory, but most businesses are expected to carry this type of bond, called a business service bond. Upon conviction, the surety agrees to pay your client in the amount stolen. Keep in mind that the surety’s job is to complete your agreement with your client, not take primary responsibility for the claim. This means that the defaulting business must reimburse the surety. Pro Surety Bond has over 25 years of combined industry experience. Call even if you think it’s unreasonable to expect that you can buy a reasonably priced bond if you have bad credit. Call 800-314-7003!
If you are bidding on public projects for the City of Charlottesville 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.
325 4th Street NW Charlottesville, VA 22903
Phone: (434) 970-3860
Charlottesville is an independent city and the county seat of Albemarle County, and it is the 20th most populous in the Commonwealth of Virginia. Charlottesville is named after Queen Charlotte of Mecklenburg-Strelitz, of Britain. Like many cities in Virginia, it is an independent city within a county, and though not politically nested within the county, it serves as its county seat. Today Charlottesville is known for being the home of two presidents: Thomas Jefferson and James Monroe, as both lived here as Governor of Virginia.
Charlottesville has received numerous awards over the years in recognition of the quality of life and a testament to the greatness of its people. It has, among many things, been ranked #7 in the 50 Best College Towns, Healthiest Small Town in the US, ranked #21 Top 100 Best Places to Live, 10 hippest Mid-Sized Cities in America, 10 US Towns with Incredible Christmas Celebrations, Top 10 Best Places to Retire, #3 of the 15 Best Places to Live, #2 Most Exciting City in Virginia, 22 Best Small Town Family Weekend Destinations. Is that enough for ya? Call the Charlottesville Surety Bond Pros Today at 800-314-7003!
What is the difference between insurance and surety bonds? Both insurance and surety bonds are risk management tools, but who they cover is what makes the difference. With insurance, you take out a policy, which transfer liability for unfortunate things that happen to you to the insurance company. Additionally, insurance premiums are calculated with the expectation that eventually some of the policyholders will need protection. You buy a surety bond to cover someone else, specifically in cases where you default on an obligation to them. Since surety bond premiums are simply calculated as a percentage of a specific amount of coverage to cover a specific thing. The premiums don’t cover claims, they are more like a way of renting the surety’s financial strength until you can pay the surety back.
My surety company asked my wife to sign my contract bond agreement. Why is that? She didn’t actually sign the agreement directly, she signed what is called a General Indemnity Agreement, which allow the surety the greatest scope of power to collect on a surety bond indemnity. Often the personal assets of the owners are committed as well, and since the personal assets of the business owner are typically jointly owned with the spouse, the surety needs to make sure that it has whatever powers it needs to collect. Give us a call at 800-314-7003
209 5th St NE, Charlottesville, VA 22902
Phone: (434) 295-3141There 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.