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Pontiac, MI Surety Bonds

Contact the surety bonds agents a 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. 800-314-7003 is the only number you need when purchasing surety bonds. Our staff can give you the information you need. Call the Pontiac Surety Bond Pros at 800-314-7003!

We're The Premier Name In Pontiac Surety Bonds

Call 800-314-7003! What is a surety bond? Surety bonds, urge you to observe the terms of an agreement. If you are a manufacturer, warehouse or distributor of liquor in Michigan, you need a non-retail liquor license before you can do business; and in order to get a license you to provide need a guarantee that you will adhere to the regulations of that industry. Surety bonds are the most common way of going about this, because the strong financial position of a surety company makes it trustworthy enough to provide the guarantees it promises. When the government pays a claim, assuming it’s valid, it amounts to a short-term loan to the party that had the claim made against it, and as such must be paid back to the surety. Pro Surety Bond has over 25 years of combined industry experience. Call even if you have been denied a reasonably priced surety bond by other agencies because of bad credit. Call 800-314-7003!

Bidding Opportunities in Pontiac

If you are bidding on public projects for the City of Pontiac 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 Pontiac

47450 Woodward Avenue Pontiac MI 48342

Phone: (248) 758-3120

Map to Finance Department

The City Of Pontiac, Michigan

Settlers first arrived on the site where the city of Pontiac would be built in 1818. Within two years enough people had arrived that they decided to form a village, and they decided to name it after the Indian Chief who had headquartered here not that long before the settlers arrived. Today Pontiac is known for being the first inland settlement in Michigan, but well placed. Within decades it became an important center of trade, wool products and grist mills.

What’s the difference between a bonding company and a bonding agency? Many people get confused by these two, but really it works like regular insurance, mostly. The bonding company is the surety, which is the company that employs the underwriter. The surety is the entity that does the actual guaranteeing, paying claims, etc. The guy you talk to on the phone works for the bond producer, which is more or less the same as an agent. The bond producer lines the applicants up with the surety, and acts as the go between. The public rarely interacts with the underwriter/surety, though for big ticket customers, exceptions can be made.  Call the Pontiac Surety Bond Pros Today at 800-314-7003!

Can I use my insurance to cover me, instead of a surety bond? No, because of what they cover and how they cover them. Insurance covers accidental things that happen to you, and it amounts to a transference of risk to the insurance company. Surety bonds cover obligations tied to a contract, obligations which are assumed to be avoidable. Since one can willfully avoid fulfilling an obligation, it sets up a moral hazard, and that would be disastrous for an insurance company. This is why surety bond policy holders are required to pay the surety back for claims.

The Most Reliable Source For Pontiac Surety Bonds

Why does the surety need to know about other businesses I own when I only need a contract bond for one? Contract bonds are “high ticket” bonds, which means a lot of money is at stake if you default. When a surety assesses your bond-worthiness, it needs the complete financial picture, and that will include knowing about all your other ventures. It serves to assume that if you start losing money with your other businesses, you will start having problems with the one. 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.