Pro Surety Bond won't rest until we find the best underwriting we can find for 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. Contacting us at 800-314-7003 will put you in contact with an experienced agent. Your fast and free bond quote awaits you. Call the Farmington Hills Surety Bond Pros at 800-314-7003!
Call 800-314-7003! What is a surety bond? Surety bonds financially impose an obligation as it applies to a contractual agreement. Do you own a motor carrier business? If so you will need a surety bond to demonstrate that you are willing and able to fulfill your obligation to adhere to the regulations of your industry. The surety bond is like a security deposit, except it’s the surety that provides the money for the claim on the bond, if the claim is valid. The surety essentially advances a loan to you as though it were your security deposit, and for its trouble, the surety requires that you pay the loan back, that’s it. Pro Surety Bond has over 25 years of combined industry experience. Call even if you expect too many barriers if you apply for a surety bond. Call 800-314-7003!
If you are bidding on public projects for the City of Farmington Hills 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.
31555 W. Eleven Mile Rd. Farmington Hills, MI 48336-1103 W. Eleven Mile Rd. Farmington Hills, MI 48336-1103
Phone: (248) 871-2400
Farmington Hills is a city in Oakland County and it is the 14th most populous city in the State of Michigan. Farmington Hills got its name from adjacent Farmington, Michigan, and the two are more or less considered the same. Regular Farmington got its name from Farmington, New York, as it was started as a Quaker community by a Quaker from the city in New York state. Today Farmington Hills is known for being one of the safest places in the United States (30th safest in 2010), and for being one of the highest income communities as well, at least for one with a population over 50,000. It is also the home of the only Holocaust Memorial.
What are commercial bonds? Commercial bonds are for the most part license and permit bonds, and they must be posted before you can get a business license or permit. When it comes to permits, the permits cover any damages that might come about because of damages caused on the part of the principal, i.e., the party buying the bond. Off-site improvement bonds cover the government, for instance, if a construction company needs to incorporate their work into the infrastructure, as would be the case for sewer and water lines, and the construction business causes damage to said infrastructure. Call the Farmington Hills Surety Bond Pros Today at 800-314-7003!
What is a joint check agreement and how do they apply to surety bonds? When it comes to contract bonds, sureties want to make sure that the principal is paying all his suppliers, because if he doesn’t the surety will have to pony it up. A joint check is a way of making sure the parties downstream are paid by having a main contractor make a check out to both the subcontractor and the supplier. Both have to sign it, which means that the supplier doesn’t have to sign the check until he is paid.
Which parties have to sign the General Indemnity Agreement? The GIA states that if it pays out a claim, it has the right to recoup the money put up for the claim from the principal (the bond purchaser). That means that the contractor needs to sign, the owners of the company and their spouses as well. The part about the spouses riles some people, but remember that in community property states, the spouse probably has a implicit stake in the business, and that person’s permission will be required to have access to the assets. Give us a call at 800-314-7003
33425 Grand River Ave #101, Farmington, MI 48335n Mile Rd. Farmington Hills, MI 48336-1103Phone: (248) 919-6917
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.
|Farmington Hills Appraisal Company Bond||Farmington Hills Off Site Improvement Bond|
|Farmington Hills Janitorial Service Bond||Farmington Hills Freight Broker Bond - BMC-84|
|Farmington Hills Telemarketer Bond||Farmington Hills Title Agency Bond|
|Farmington Hills Performance Bond||Farmington Hills Mortgage Broker Bond|
|Farmington Hills DMEPOS (Medicare) Bond||Farmington Hills Health Club Bond|
|Farmington Hills Warranty Bond||Farmington Hills Lost Deed Bond|
|Farmington Hills ERISA Bond||Farmington Hills Replevin Bond|
|Farmington Hills Wage and Welfare Bond||Farmington Hills Sales Tax Bond|
|Farmington Hills Medicaid Provider Bond||Farmington Hills Pawnbroker Bond|
|Farmington Hills Promoter Bond||Farmington Hills Guardianship Bond|
|Farmington Hills Mortgage Lender Bond||Farmington Hills Release of Lien Bond|
|Farmington Hills Lost Title Bond||Farmington Hills Appeal Bond|
|Farmington Hills Notary Bond||Farmington Hills Auctioneer Bond|
|Farmington Hills Collection Agency Bond||Farmington Hills Travel Agency Bond|
|Farmington Hills Cost Bond||Farmington Hills Lost Instrument Bond|
|Farmington Hills Utility Bond||Farmington Hills Race & Sports Book Bond|
|Farmington Hills Business Service Bond||Farmington Hills Auto Dealer Bond|
|Farmington Hills Executor Bond||Farmington Hills Credit Services Organization Bond|
|Farmington Hills Employee Theft Bond||Farmington Hills Home Health Care Bond|
|Farmington Hills Honesty Bond||Farmington Hills Insurance Broker Bond|
|Farmington Hills Public Official Bond||Farmington Hills Process Server Bond|
|Farmington Hills Lottery Bond||Farmington Hills Emissions Station Bond|
|Farmington Hills Labor Bond||Farmington Hills Used Car Dealer Bond|
|Farmington Hills Fidelity Bond||Farmington Hills Injunction Bond|
|Farmington Hills Payment Bond||Farmington Hills Contractor’s License Bond|
|Farmington Hills Pharmacy Wholesaler Bond||Farmington Hills Talent Agency Bond|
|Farmington Hills Supply Bond||Farmington Hills Credit Repair Bonds|
|Farmington Hills Material Bond||Farmington Hills Bid Bond|
|Farmington Hills Garage Bond||Farmington Hills Subdivision Bond|
|Farmington Hills Supersedeas Bond||Farmington Hills Non Resident Cost Bond|
|Farmington Hills Third Party Administrator Bond||Farmington Hills DMV Driving School Bond|
|Farmington Hills Sheriffs Indemnity Bond|