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Oak Park, MI Surety Bonds

Why not call Pro Surety Bond when you need your next 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. You’ll also discover how great out bond premiums are when you call 800-314-7003 .Call us now; you’ll be glad you did. Call the Oak Park Surety Bond Pros at 800-314-7003 !

Protect Yourself With A Oak Park Surety Bond

Call 800-314-7003! What is a surety bond? Surety bonds protect one party from damages incurred by default on a commitment made by another party. In cases like this it's the former party that needs the coverage and the latter that needs to buy the coverage. Let’s say you area a milk dealer in the state of Michigan. That's an industry with a lot of safety regulations that the government enforces strictly. The government makes you buy a surety bond as a way of backing up your commitment to those regulations. It's not unlike a security deposit, in which you put up a fund of money which can be drawn upon damages. The difference between a security deposit and the surety bond is that no money is actually put up. Rather the bond purchaser in a sense rents the financial strength of the surety company. In turn the surety promises the government that The Surety will pay any claim as long as it's valid. This last part is not negotiable. Sureties must pay all valid claims and that's why surety bonds work. Pro Surety Bond has over 25 years of combined industry experience. Call even if you are worried you can’t get a surety bond with bad credit. Call 800-314-7003!

Bidding Opportunities in Oak Park

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

Click Here for Bidding Opportunities for the City of Oak Park

14000 Oak Park Blvd. Oak Park, MI 4823

Phone:(248) 691-7459
Map to Finance Department

The Community of Oak Park, Michigan

Oak Park is a city in Oakland County and it is the 65th most populous community in the state of Michigan. Oak Park was originally situated within Royal Oak Township and was settled by European Americans in 1840. For many decades, the township remained agricultural, but at the beginning of World War I the first major housing project was created, although originally what would become Oak Park was Oak Park subdivision. Eventually the subdivision was incorporated as a village. The post-World war II boom meant massive suburban expansion. In fact, during the 1950s the community was named America's fastest growing city, from 5000 to 36000 to be exact. Today Oak Park is a northern suburb of Detroit.

The City of Oak Park, Michigan is dedicated to the growth of prosperity of all the residents of Oak Park, both those in the business community and the residents. As such the Economic Development Department is committed to improving the economic outlook of the city by promoting Oak Park, Michigan’s as an appealing place to do business, and one with a high quality of life. It’s obvious that a flourishing business sector is essential for the health of a community. It provides jobs and increases the tax, which allows the city to provide the amenities that increase the vitality of the city, increase the quality of life, and attract more residents and business owners.  Call the Oak Park Surety Bond Pros Today at 800-314-7003

What is the role of the producer in a surety bond transaction? A surety bond producer can supply a host of services to an applicant and bond purchaser. Bond producers can offer advice to applicants on how to apply for a surety bond, they can instruct them on the measures they can take to increase their surety bonding capacity, and they have to insight to match the strength the applicant with the strength of an underwriter. Finally they provide ongoing customer service and nurture a successful relationship between the contract in the surety.

Pro Surety Bond Is Your Oak Park Bonding Authority!

Why can't I use liability insurance instead of a surety bond? The answer to that question lies in the difference between what insurance covers and what surety bonds cover. Insurance covers accidents, plain and simple. when you take out an insurance policy you transfer your risk to the insurance company, which pays claims out of a fund of combined premiums. Surety bonds, however, cover promises, obligations, performances or commitments, and since least in principle commitments are avoidable it wouldn't make sense to insure something avoidable. Policyholders would take more risks, or in some cases default on purpose. 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.