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Fenton Township, MI Surety Bonds

You'll never realize how cheap you can get a surety bond until you call Pro 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.Just go to the phone and call 800-314-7003 for among the best surety bond rates we can find. We treat all our clients like they’re going to be our clients for a lifetime.Call the Fenton Township Surety Bond Pros at 800-314-7003 !

Fulfill All Fenton Township Surety Bond Requirements At Pro Surety Bond

Call 800-314-7003! What is a surety bond? A surety bond financially backs up an agreement. Many Surety bonds exist to provide the government with a fund of money that it can draw from in case a business breaks the regulations of its industry. For instance, if you are a grain dealer, there are certain safety and health related regulations that must be obeyed, and if you do n0t you could incur fines. You could put up a security deposit with your own money, but that would cut into your own credit, so why not let the surety company put up the money for you? In reality, the surely does not put up the money itself unless there is a claim. But your bought the bond so that you do not have to put up all this money yourself. Pro Surety Bond has over 25 years of joint industry experience. Call us even if you are distressed that you won't be able to find the bonding you need with the poor credit you have.Call 800-314-7003!

Bidding Opportunities in Fenton Township

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

12060 Mantawauka Drive Fenton, MI 48430

Phone:
Map to Finance Department

The Community of Fenton Township, Michigan

Fenton Township is a Charter Township in Genesee County and it is the 122nd most populous community in the state of Michigan. The site that would become Fenton Township started out as part of the Grand Blanc Township when it was organized in 1833. The first white settler to purchase land in Township was named Clark Dibble, a pioneer from New York State. Soon enough other settlers followed him, and the community that formed was called Dibbleville. In 1837, one William Fenton and Robert Leroy bought land, a sawmill and water rights from Dibble, who apparently moved on greener pastures. Fenton and LeRoy platted the future township. The township got its name from the outcome of a poker game, and we don't have to tell you who won.

How important is credit score for getting a surety bond? It’s very important, but not the only think they look at. When a surety company sizes as up an applicant, it is essentially establishing whether or not that company is creditworthy. If you have a paid claim, the surety will advance a short-term loan for you, and creditworthiness is important because the surety wants to be reasonably sure that the bond purchaser can pay the claim back to the surety. Poor credit will not necessarily disqualify an applicant from getting a bond because some companies specialize in high-risk applicants but expect to pay more for your bond.  Call the Fenton Township Surety Bond Pros Today at 800-314-7003

Why can't I just use my default insurance instead of Surety bonds? The short answer is because sureties provide guarantees for a performance, whereas insurance covers accidents that happen. The difference is important because they are both related to moral hazards. Moral hazard is when people take risks they wouldn't normally take because they know somebody else is going to pay for it. Insurance companies worry about moral hazards all the time. If insurance were used to cover the things surety bonds do, there would probably be an strong incentive to default on a contract.

Fenton Township Surety Bonds For Up And Coming Businesses

What is a surety bond producer? A surety bond producer is a business professional who specializes in surety bonds, a subset of the insurance industry. As a rule, surety bond producers do not double as insurance salesman, because some of the bonds they sell, like contract bonds, require familiarity with the construction industry in the state they work in. Surety producers must be licensed by the state in which they do business, usually by the insurance commissioner. To qualify to sell surety bonds you must obtain a license by completing a certain amount of coursework and pass a written exam. 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.