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Salem, OH Surety Bonds

Salem Surety Bond

Contact Pro Surety Bond for the fastest quotes on 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. Call 800-314-7003 for the "surest" bond assistance. Our agents are knowledgeable and are willing to offer guidance. Call the Salem Surety Bond Pros at 800-314-7003!

Pro Surety Bond For Your Salem Surety Bond Needs

Call 800-314-7003! What is a surety bond? A surety bond is like a security deposit, except no money is literally deposited. How does that work? Just like a security you put down on an apartment, it’s there to allow a landlord to collect damages from you without having to sue you. Similarly, surety bonds allow someone to collect damages from you, except the surety is the party that comes up with the money. For instance, if you own a business that collects sales tax for the department of revenue, the department wants a guarantee, or security deposit, that will be able to collect their tax receipts. You could put up your own money, but that would hurt your liquid assets. Instead you can buy a surety bond, backed by the financial reputation of the surety. The department of revenue will accept that instead of a security deposit. Note that although the surety pays the claim, it is not ultimately responsible for the claim itself. Rather, the surety is there to make sure that your agreement with the government is satisfied. The surety must be reimbursed for the claim. Pro Surety Bond has over 25 years of combined industry experience. Call even if you are concerned that you will have to pay too much for a surety bond with your poor credit history. Call 800-314-7003!

Bidding Opportunities in Salem

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

231 S. Broadway Avenue Salem Ohio 44460

Phone: (330) 332-4241

Map to Finance Department

The City Of Salem, Ohio

Salem is a city in Columbiana County and it is the 146th most populous city in the state of Ohio. Salem was named after Jerusalem, presumably because of the influence of the Religious Society of Friends, aka the Quakers, who were early settlers. Salem was active in the abolitionist movement, with Salem, Ohio being one of the stops on the Underground Railroad. Many of the homes which served as “stations” are still preserved, though none are open to the public. Today Salem, Ohio is known for being disc jockey Alan Freed grew up. It was when he worked at a Cleveland radio station that he coined the term rock and roll.

How do letters of credit stack up against surety bonds? Letters of credit behave similarly to surety bonds: you owe a commitment, and if you don’t follow through a claim can be made against your risk management instrument. Letters of credit are issued through banks, who are not in the risk management business, keep in mind. Letters of credit operate differently behind the scenes though. One important difference between letters of credit and surety bonds is in the claim process. If a claim is made against a surety bond, the surety must investigate the claim to establish that it is valid. No such luck with letters of credit. Banks will pay out a claim with only certain requisite paperwork, as opposed to a claim of default. If you have a beef with that, see you in court.  Call the Salem Surety Bond Pros Today at 800-314-7003!

One important idea related to letters of credit—and one that makes them weaker in relation to surety bonds--is that the relationship of the bank to the beneficiary is independent of the actual terms of the contract. Put less elegantly this means that the bank doesn’t give a tinker’s cuss to the terms of the contract; they will pay a claim as long if a claim is made (with a few requisite documents). This of course opens the field wide open to fraud, with the bank in no way assisting you. With a surety bond, the surety must investigate each claim to verify that it is valid.

The Most Capable Salem Surety Bond Company

What are commercial surety bonds? Commercial surety bonds are a wide category of surety bond that pertain to business requirements. For instance, there are business service bonds, which guarantee that your clients are protected if you own a business that sends its employees to another place of business (like a janitorial business). There are alcohol tax bonds, which guarantee the government that it will be able to collect liquor taxes you have collected through sales in your business. Give us a call at 800-314-7003

Related Links:

Salem Municipal Page 
231 S Broadway Ave, Salem, Ohio 4446
Phone: 3303324241 

Salem Chamber of Commerce

713 E. State Street Salem OH 44460

Phone: (330) 337-3473

The Surety Bonds We See Most Commonly in Salem, OH

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.

Salem Sales Tax Bond Salem Warranty Bond
Salem Talent Agency Bond Salem Subdivision Bond
Salem Lost Deed Bond Salem Mortgage Broker Bond
Salem Appraisal Company Bond Salem Employee Theft Bond
Salem Telemarketer Bond Salem Credit Services Organization Bond
Salem Auto Dealer Bond Salem Performance Bond
Salem DMV Driving School Bond Salem Labor Bond
Salem Home Health Care Bond Salem Medicaid Provider Bond
Salem Janitorial Service Bond Salem Health Club Bond
Salem Race & Sports Book Bond Salem DMEPOS (Medicare) Bond
Salem Fidelity Bond Salem Release of Lien Bond
Salem Material Bond Salem Guardianship Bond
Salem Credit Repair Bonds Salem Public Official Bond
Salem Emissions Station Bond Salem Sheriffs Indemnity Bond
Salem Bid Bond Salem Auctioneer Bond
Salem Insurance Broker Bond Salem Supersedeas Bond
Salem Lost Instrument Bond Salem Utility Bond
Salem Non Resident Cost Bond Salem Freight Broker Bond - BMC-84
Salem Pawnbroker Bond Salem Wage and Welfare Bond
Salem Used Car Dealer Bond Salem Appeal Bond
Salem Third Party Administrator Bond Salem Lottery Bond
Salem Cost Bond Salem Payment Bond
Salem Replevin Bond Salem Honesty Bond
Salem Process Server Bond Salem Travel Agency Bond
Salem Injunction Bond Salem ERISA Bond
Salem Executor Bond Salem Lost Title Bond
Salem Off Site Improvement Bond Salem Business Service Bond
Salem Contractor’s License Bond Salem Collection Agency Bond
Salem Promoter Bond Salem Garage Bond
Salem Title Agency Bond Salem Mortgage Lender Bond
Salem Pharmacy Wholesaler Bond Salem Notary Bond
Salem Supply Bond
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