Call us for the Pro Surety Bond experience. 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. Call 800-314-7003 for a free bond quote and complete surety bond information. When you do you're find out why we have a 97% retention rate on bond buyers. Call the Redford Surety Bond Pros at 800-314-7003!
Call 800-314-7003! What is a surety bond? A surety bond is a way of financially protecting one party from default on an agreement by another party. If you are a process server in Michigan, you must be licensed, and in order to be licensed you need to be bonded. The bond is in place to guarantee that you will adhere to the regulations of your industry, and acts sort of like a security deposit so that if there are fines incurred by the process server, there is a means for them to be paid. The surety’s job is to provide a service which consists of advancing the process server a loan to cover the claim. Pro Surety Bond has over 25 years of combined industry experience. Call even if you strongly suspect that you'll be turned down for a surety bond because you have a poor credit history. Call 800-314-7003!
If you are bidding on public projects for the City of Redford 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.
15145 Beech Daly Redford, Michigan 48239
Phone: 313-387-2700
Redford Township is a charter township in Wayne County and it is the 34th most populous community in the State of Michigan. When people move to Redford, they tend to stay, and here you’ll find many families who have been here for generations, but you’ll also find a lot of people drawn here by Redford’s reputation for being family-oriented, as well as its central location. It’s a place with a high rate of citizen involvement in the community and government, and it has a healthy mix of all ages, races and ethnicities. Today Redford is known for being the birthplace of Ted Nugent.
Who is the oblige in a bond transaction? The obligee is the party that requires the coverage, the principal is the party that must pay for it, and the surety is the party that provides the guarantee. Each party has an agreement with each other, and the agreement the surety has with the obligee is this: to pay any claim, as long as it’s valid. The only way surety bonds work is if this commitment is upheld. That means that even if the principal has defrauded the surety or objects to the claim, it doesn’t matter. The surety-obligee agreement is its own agreement, and there are regulations that discourage sureties from trying to get out of paying claims. Call the Redford Surety Bond Pros Today at 800-314-7003!
Where can I find out information about a surety I’m planning on using? The first place is the surety company itself. Most though not all sureties are part of an insurance company, and these companies should have web pages about their company. The surety producer can tell you about the surety. The producer is an agency that works with the sureties and they are a valuable source of information. They have the latest reports on hand and can help you in whatever you know.
Another place to look is online. The U.S. Treasury maintains a list of qualified surety companies that are authorized to sell bonds on federal projects. In order to get on the list the surety must submit financial information about itself, which is analyzed and a bonding limit is listed. Finally, there is the A.M. Best Company is a private publishing company that analyzes sureties, rates them, and publishes a report for virtually every insurance company in the United States. Give us a call at 800-314-7003
26050 Five Mile Road, Redford Charter Twp, MI 48239
Phone: (313) 535-0960There 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.