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Highland Park, MI Surety Bonds

Surety bonds are the only thing we know so call Pro Surety Bond for among the best rates on the market. 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. Simply call 800-314-7003 for some of the best surety bond rates available in the industry. You'll find the quotes are fast and the agents eager to assist. Call the Highland Park Surety Bond Pros at 800-314-7003 !

Only The Best Customer Service On Highland Park Surety Bonds

Call 800-314-7003! What is a surety bond? A surety bond financially supports a promise you have made to perform a requirement. If you sell lottery tickets for the state of Michigan, you promised to deliver the lottery money to the government according to a schedule, but what happens if you miss your deposit? That's what the surety bond is for. The surety bond is like an insurance policy that you buy for the government to cover them, and it guarantees that the government will always have a source to collect from in case you don't make your deposit. If a claim is made, the surety company promises to put up a short term loan for you, which you will have to pay back later. Pro Surety Bond has over 25 years of joint industry experience.Call 800-314-7003!

Bidding Opportunities in Highland Park

If you are bidding on public projects for the City of Highland Park 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.

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12050 Woodward Avenue Highland Park, Michigan 48203-3578

Phone:(313) 252-0050
Map to Finance Department

The Community of Highland Park, Michigan

Highland Park is a city in Wayne County and it is the 145th most populous community in the state of Michigan. Highland Park is part of the Metro Detroit area, for no less of a reason than because it is completely surrounded by the city of Detroit (except for one small segment). The site that would become Highland Park began as a small farming community about 6 miles north of Detroit. In 1818, it was bought by Detroit judge Augustus Woodward who platted the village of "Woodwardville" in 1825. The Village would be a failure, but another judge from Detroit, a Benjamin Witherell, attempted to found a village on the same spot when he platted a place he called Cassandra on the same site. This would also fail. It would not become successful until 1907 when Henry Ford purchased 160 Acres just north of what is now Manchester Street for an automobile plant. And the rest is history as they say.

Surety bonds are a fairly obscure topic in business, which is remarkable because they have applications which affect every one of our lives. Probably the most important thing that surety bonds offer is trust. When you buy a surety bond you're paying a surety company to put up the money for you as a guarantee for some action, so that you don't have to put up this money in advance yourself. So if you collect sales tax for the government, the government wants a surety bond to guarantee that you will make your deposits. If you don't, they make a claim against the bond and the surety company puts up the money for you. This claim is in the form of a short-term loan which will have to be paid back by you afterward.  Call the Highland Park Surety Bond Pros Today at 800-314-7003

What kinds of things will affect my surety bond price? There are a lot of factors, because underwriters have different standards according to the company they work for, but a few of them are standard across the board. The first is of course the specific type of bond you need. License and permit bonds are low coverage, typically $10,000 or $20,000, whereas a contract bond may be in the millions of dollars if it's a big project. Another thing that affects surety bond prices is the fact that different states have different requirements for their bonds, and sometimes this difference can be startling. The final most important thing is certainly your credit report. Credit reports say volumes about your character, and the simple fact is that people with good credit have good character, and those with bad credit don't have such great character.

Your Go To Source For All Things Highland Park Surety Bond Related

What are license and permit bonds for? In general, license and permit bonds encourage you to adhere to the regulations set out for your industry. Why would you need to be encouraged? Well, the concrete reason surety bonds are required is to provide a guarantee that fines you may incur for breaking the regulations be paid, and the surety bond is just like a security deposit in this respect. However, the surety bond operates on a psychological level as well , namely if you know that there will always be a way for the government to collect on fines, it will motivate you to continue to obey those regulations rather than break them. 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.