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Home > Surety Bonds By City > Salem, VA

Salem, VA Surety Bonds

Salem Surety Bond

There’s no reason to not call Pro Surety Bond, the surety bond professionals. 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. We're proud of the job that our experienced team of bond agents offers to everyone who calls. Call the Salem Surety Bond Pros at 800-314-7003!

Our Agents Are Ready, Willing And Able To Speak With You And Give You The Information You Need To Make An Informed Decision.

Call 800-314-7003! What is a surety bond? A surety bond is a way of financially enforcing an agreement. Governments often use them to enforce a company’s commitment to obey the regulations of their industry, but more specifically, it provides a way for the government to collect on fines incurred from not adhering to those regulations. The role of the surety is to promise that if a claim is made, the surety will make sure the company is good for it by offering the defaulting company a loan to cover the claim, with the company paying the surety back afterward. Pro Surety Bond has over 25 years of combined industry experience. Call even if you don’t think it will be possible to be bonded because of bad credit. 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

114 North Broad Street Salem, VA 24153

Phone: (540) 375-3063

Map to Finance Department

The City Of Salem, Virginia

Salem is an independent city in the Commonwealth of Virginia, the 42nd most populous. Salem started out as Totero Town, after a local Indian tribe. Salem is a shortened version of Jerusalem, but it is not known why Salem received the name it did. Local legend suggests that it was named after the city of origin of an early settler, being Salem, New Jersey. Salem has the curious distinction of being one of the few cities which are county seats of the counties that surround them, without being politically associated to the county.

How much is a surety bond? The price of a surety bond can vary according to circumstances like what state you need the bond for, how much coverage you need, your financial status, and what kind of bond you need. It’s would be irresponsible to offer a quote here, but we had to offer a number, 1% to 4% of the amount of coverage would fit most surety bond prices. If you fall within the poor credit market, though, premiums can vary from 5% on up to 15%, possibly more. These figures can be modified by putting up collateral though. Call the Salem Surety Bond Pros Today at 800-314-7003!

Why do I have to buy a bond when I end up paying the claim in the end? It’s true that you do have to repay the surety for any claims paid. This seems strange since we think of insurance as covering everything in principal. But sureties do things a little differently. You buy a surety bond to make sure a commitment is met, not cover damages in the normal sense most people think of. If someone makes a claim against your bond, whether you agree with the claim or not, the surety must pay it. In this sense bonds differ from insurance.

Daly City Surety Bonds For Your The Good Of Your Salem

Who are the parties in a surety bond transaction? There are three parties in a surety bond transaction. The first is the obligee, the party that wants the coverage. Coverage from whom? From the principal, which is probably you. The third party is the surety itself, also known as the obligor. The obligee needs a guarantee against default on a commitment from the principal, but since it’s expensive financing your own guarantee, the surety steps in to promise the obligee that if it needs the commitment to be performed, the surety will make sure it’s done (assuming the claim is valid). Give us a call at 800-314-7003

Related Links:

Salem Municipal Page 
114 N. Broad St. Salem, VA 24153
Phone: (540) 375-3000 

Salem Chamber of Commerce

611 East Main Street Salem, VA 24153

Phone: 540.387.0267

The Surety Bonds We See Most Commonly in Salem, VA

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