There is no reason to not call Pro Surety Bond when you’re in the need for 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. Call 800-314-7003 now and speak to someone who will steer you in the right direction. We earn our stripes every day. Call the East Liverpool Surety Bond Pros at 800-314-7003!
Call 800-314-7003! What is a surety bond? A surety bond is like a guarantee. When you have a commercial business, you usually offer some sort of guarantee to your clients, because that’s what you’ve committed yourself to. But when you need to commit to a party like the government, the trust that worked for your clients won’t work with the government. That’s why you have to buy a surety when, for instance, you need to commit yourself to obeying the regulations of your industry. The surety bond is like a security deposit you put up to cover you if any claims are made. The surety promises the government that it will make sure that it will pay any valid claim, but since the business needs to sign an indemnity agreement, the surety will not be fully responsible for the claim, it just makes sure your agreement with the government is fulfilled. The defaulting company must still pay the surety back. Pro Surety Bond has over 25 years of combined industry experience. Call even if Call 800-314-7003!
If you are bidding on public projects for the City of East Liverpool 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.
126 W 6th St, East Liverpool, OH 43920
Phone: (330) 385-3381
East Liverpool is a city in Columbiana County and it is the 160th most populous city in the State of Ohio. East Liverpool got its start in 1798 when one Thomas Fawcett, who purchased over 1000 acres of land along the Ohio River, the site which would become East Liverpool. It was called Fawcettville for a while, and then regular Liverpool. There was however another Liverpool township in another county, so the new name was devised to distinguish them. East Liverpool was once known as the Pottery Capital of the World, but changes in the industry have closed all but three of the factories.
What kinds of things distinguish a surety bond from insurance? There are two things to keep in mind about the differences between surety bonds and insurance, and both deal with the fact that surety bonds are a three way agreement. One of them is that ultimately, the obligee (the party asking you for the bond coverage) is the final customer. Even though it is the principal (you, the one being asked to buy the bond) who actually purchases the bond, the need for the bond would not exist without the obligeè who asked for the coverage. Even if the principal makes false statements on his bond application, the surety still has to pay any valid claim. With most insurance any misleading or fraudulent misrepresentations on your application will usually allow the insurance company to escape responsibility for a claim. Call the East Liverpool Surety Bond Pros Today at 800-314-7003!
The other thing to keep in mind about the difference between surety bond and insurance is who is finally responsible for the damages claimed in a bond claim. With insurance the insurance company is responsible; that is the point of insurance. With surety bonds, the surety is responsible for guaranteeing the terms of your contract or agreement, and nothing else. So if you own a business and break its regulations, you can incur a fine, and you agreed to pay those fines. If you don’t then the government has a right to get the money from the surety, since that’s what the surety promised: to make sure your obligation has been fulfilled. When you signed the surety bond agreement you also signed an indemnity agreement which requires that you remain responsible for the claim, and the surety has a right to ask that the money be reimbursed.
What are the benefits of a surety bond for the construction industry? One of the main benefits of a surety bond is that once a construction company has been issued a surety bond, it has already gone through a daunting prequalification process, and is therefore unlikely to default on the contract. It’s a simple fact that those companies that are bonded do the best jobs, both in quality and in punctuality. One major incentive is that they must sign an indemnity clause, which requires the construction company to pay the surety back for claims. This reduces the likelihood of abandoning a project. Give us a call at 800-314-7003
529 Market St, East Liverpool, OH 43920Phone: (330) 385-0845
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.
|East Liverpool Used Car Dealer Bond||East Liverpool Freight Broker Bond - BMC-84|
|East Liverpool Material Bond||East Liverpool Supersedeas Bond|
|East Liverpool Business Service Bond||East Liverpool Process Server Bond|
|East Liverpool Home Health Care Bond||East Liverpool Subdivision Bond|
|East Liverpool Appeal Bond||East Liverpool DMV Driving School Bond|
|East Liverpool Medicaid Provider Bond||East Liverpool Title Agency Bond|
|East Liverpool Insurance Broker Bond||East Liverpool Credit Services Organization Bond|
|East Liverpool Auctioneer Bond||East Liverpool Race & Sports Book Bond|
|East Liverpool Off Site Improvement Bond||East Liverpool Supply Bond|
|East Liverpool ERISA Bond||East Liverpool Utility Bond|
|East Liverpool Garage Bond||East Liverpool Contractor’s License Bond|
|East Liverpool Employee Theft Bond||East Liverpool Mortgage Lender Bond|
|East Liverpool Lottery Bond||East Liverpool Cost Bond|
|East Liverpool Bid Bond||East Liverpool DMEPOS (Medicare) Bond|
|East Liverpool Wage and Welfare Bond||East Liverpool Warranty Bond|
|East Liverpool Public Official Bond||East Liverpool Sales Tax Bond|
|East Liverpool Payment Bond||East Liverpool Janitorial Service Bond|
|East Liverpool Lost Title Bond||East Liverpool Pawnbroker Bond|
|East Liverpool Travel Agency Bond||East Liverpool Talent Agency Bond|
|East Liverpool Lost Instrument Bond||East Liverpool Performance Bond|
|East Liverpool Honesty Bond||East Liverpool Health Club Bond|
|East Liverpool Auto Dealer Bond||East Liverpool Collection Agency Bond|
|East Liverpool Sheriffs Indemnity Bond||East Liverpool Labor Bond|
|East Liverpool Credit Repair Bonds||East Liverpool Fidelity Bond|
|East Liverpool Third Party Administrator Bond||East Liverpool Notary Bond|
|East Liverpool Release of Lien Bond||East Liverpool Emissions Station Bond|
|East Liverpool Executor Bond||East Liverpool Pharmacy Wholesaler Bond|
|East Liverpool Promoter Bond||East Liverpool Telemarketer Bond|
|East Liverpool Replevin Bond||East Liverpool Lost Deed Bond|
|East Liverpool Injunction Bond||East Liverpool Non Resident Cost Bond|
|East Liverpool Mortgage Broker Bond||East Liverpool Guardianship Bond|
|East Liverpool Appraisal Company Bond|