Contact Pro Surety Bond for the best customer service experience on top of the most reliable underwriting. 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 immediately for assistance from our bond counselors. Speak to a bond specialist right now! Call the Rose Hill Surety Bond Pros at 800-314-7003!
Call 800-314-7003! What is a surety bond? A surety bond establishes accountability when one party makes a commitment to another. If you own a watercraft dealership, you must commit to doing business honesty and generally obey the regulations of your industry. The government furthermore requires a guarantee that you will do so, and that means either putting up your own money, which will eat into your operating capital, or buying a surety bond, which is the rough equivalent. The surety does not literally put up a security, but its financial strength is such that that are almost universally recognized as the equivalent of cash because they can be relied upon to pay any valid claim that is put on them. They do this by advancing a short term loan to the defaulting party, who must then pay the surety back. Pro Surety Bond has over 25 years of combined industry experience. Call even if dubious about being able to be bonded at affordable prices with poor credit.Call 800-314-7003!
If you are bidding on public projects for the City of Rose Hill 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.
12000 Government Center Parkway, Fairfax, VA 22035
Phone: (703) 324-3201
Rose Hill is a census-designated place in Lee County and it is the 55th most populous in the Commonwealth of Virginia. The exact origin of the name is not known, but may come from rose bushes that grew in the area. At one time Rose Hill was the westernmost frontier fort, and it was named Martin’s Station after an explorer of the Powell Valley. Today Rose Hill is known for its charm and tight knit community, one surrounded by extraordinary views of the mountains and offering lots of outdoor activities.
How old are surety bonds? Surety bonds have been around thousands of years, but the surety bond as we know it appeared in the 18th century, and it sold employee dishonesty bonds. It operated out of a place called the Devil Tavern, and it was organized to cover the fidelity of the domestics and other household employees. In the 1830s the Guaranty Society of London was opened as the first corporate bonding company, also providing fidelity bonds. This may sound like a rather late development but it was the case that corporations were not considered as reliable as individuals, at least when it came to risk management. Call the Rose Hill Surety Bond Pros Today at 800-314-7003!
What is the difference between surety bonds and insurance? Insurance is a deal between you and an insurance company and it covers you against damages that come about as a result of random misfortune. Surety bonds are a deal between three parties, one of which requires coverage from another party, with the surety being the third party and the one that provides the coverage. Coverage is a bit of a misleading term, because surety bonds aren’t like insurance coverage; rather they act as a security deposit that guarantees some performance or duty.
Why does my surety underwriter run a credit check on me? Since surety bond claims have to be paid back to the surety, the surety has to make sure you can pay them back, and there’s no better way than running a credit check. But credit checks do more than that. Most people don’t realize it but credit scores reflect on a person globally. They speak of your character, reliability and conscientiousness. This is so true that many companies do credit checks on potential employees to get a better picture of how they might be as employees. Give us a call at 800-314-7003
6821 Richmond Highway, Alexandria, VA 22306
Phone: 703. 360.6925There 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.