Expect the best customer service when 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. If you need a surety bond today, call us at 800-314-7003 and talk to our agents. Get the Pro Surety treatment. Call the New Philadelphia Surety Bond Pros at 800-314-7003!
Call 800-314-7003! What is a surety bond? A surety bond resembles a guarantee, but what kind of guarantee? Surety bonds have a lot of uses, but they mostly boil down to guaranteeing a specific piece of work, or compliance with regulations. Surety bonds are demanded by one party, the obligee, of another party, the principal, and it’s the principal who pays for it even though the obligee is the one who demands it. The surety steps in here so that the principal doesn’t have to put up a lot of his own money for the guarantee. A quick check of a company’s financials, often as little as a credit check, will tell the surety whether the principal is good for the money. When it decides it is, the surety promises the obligee that the surety will make sure that the principal’s agreement is met. This does not mean that the surety becomes responsible for the claim. Pro Surety Bond has over 25 years of combined industry experience, so call us even if you are apprehensive about applying for a surety bond because your credit is not as good as it used to be. Call 800-314-7003!
If you are bidding on public projects for the City of New Philadelphia 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.
150 E High Ave, New Philadelphia, OH 44663
Phone: (330) 364-4491
New Philadelphia is a city in Tuscarawas County and it is the 108th most populous city in the state of Ohio. The city was established in 1804, largely due to the large coal and clay deposits nearby. Early industry included mining, steel manufacturing, canned goods, sewer pipe and stovepipes among other things. Today New Philadelphia is a part of the Cleveland—akron—Canton metropolitan area.
Can you explain the surety bond process? Certainly. The surety business is kind of an oddball in the insurance industry. It’s like insurance, but it’s not like insurance. Claims made against surety bonds are not the result of accidents, because surety bonds are three way agreements in which one, the surety, will provide a guarantee for another with yet another party as the beneficiary. This final party, which is the party that requested the bond that is paid by the other party, is the true customer in the transaction. The surety not only guarantees that a party’s agreement is met, but the surety application process itself vets applicants and in a sense pre-qualifies them. Call the New Philadelphia Surety Bond Pros Today at 800-314-7003!
What is involved when I apply for a surety bond? Most bonds are of the commercial variety and usually only require a credit check which can be done in minutes. If you need something complicated like a construction bond, the process is a little more involved. It’s important that when you apply for a surety bond that you are ultimately applying for credit, albeit short term credit. Not only will it be credit but it will be a lot of credit, and in an industry as fickle as the construction industry, the surety really has to vet the applications well.
When you apply for a construction bond you will need a significant number of documents, including three years of financial statements. These should be compiled by a CPA and preferably one with construction industry experience. You will also need current personal financial statements on all the owners. These do not have to be compiled by a CPA and many will have standardized forms. You will need to fill out a questionnaire; again this will be an in house document. You will finally need a current bank reference letter and details on a project if you are applying because you need a bond for one. Give us a call at 800-314-7003
1323 4th St NW, New Philadelphia, OH 44663Phone: (330) 343-4474
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.
|New Philadelphia Appeal Bond||New Philadelphia Employee Theft Bond|
|New Philadelphia Guardianship Bond||New Philadelphia Fidelity Bond|
|New Philadelphia Insurance Broker Bond||New Philadelphia Public Official Bond|
|New Philadelphia Injunction Bond||New Philadelphia ERISA Bond|
|New Philadelphia Labor Bond||New Philadelphia Travel Agency Bond|
|New Philadelphia Payment Bond||New Philadelphia Utility Bond|
|New Philadelphia Process Server Bond||New Philadelphia Health Club Bond|
|New Philadelphia Sheriffs Indemnity Bond||New Philadelphia Lost Instrument Bond|
|New Philadelphia Lost Title Bond||New Philadelphia Honesty Bond|
|New Philadelphia Talent Agency Bond||New Philadelphia Wage and Welfare Bond|
|New Philadelphia Promoter Bond||New Philadelphia Mortgage Lender Bond|
|New Philadelphia Contractor’s License Bond||New Philadelphia Appraisal Company Bond|
|New Philadelphia Replevin Bond||New Philadelphia Bid Bond|
|New Philadelphia Third Party Administrator Bond||New Philadelphia Supply Bond|
|New Philadelphia DMEPOS (Medicare) Bond||New Philadelphia Emissions Station Bond|
|New Philadelphia Race & Sports Book Bond||New Philadelphia Release of Lien Bond|
|New Philadelphia Collection Agency Bond||New Philadelphia Credit Repair Bonds|
|New Philadelphia Warranty Bond||New Philadelphia Janitorial Service Bond|
|New Philadelphia Lottery Bond||New Philadelphia Material Bond|
|New Philadelphia Garage Bond||New Philadelphia Auctioneer Bond|
|New Philadelphia Title Agency Bond||New Philadelphia Subdivision Bond|
|New Philadelphia Auto Dealer Bond||New Philadelphia Pawnbroker Bond|
|New Philadelphia Executor Bond||New Philadelphia Notary Bond|
|New Philadelphia DMV Driving School Bond||New Philadelphia Performance Bond|
|New Philadelphia Credit Services Organization Bond||New Philadelphia Lost Deed Bond|
|New Philadelphia Non Resident Cost Bond||New Philadelphia Pharmacy Wholesaler Bond|
|New Philadelphia Supersedeas Bond||New Philadelphia Home Health Care Bond|
|New Philadelphia Off Site Improvement Bond||New Philadelphia Freight Broker Bond - BMC-84|
|New Philadelphia Cost Bond||New Philadelphia Business Service Bond|
|New Philadelphia Mortgage Broker Bond||New Philadelphia Sales Tax Bond|
|New Philadelphia Medicaid Provider Bond||New Philadelphia Used Car Dealer Bond|
|New Philadelphia Telemarketer Bond|