It’s only one call to Pro Surety Bond and you’ll have a surety bond in no time. 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 the Southgate Surety Bond Pros at 800-314-7003 ! We’re here for you any time. Call the Southgate Surety Bond Pros at 800-314-7003!
Call 800-314-7003! What is a surety bond? A surety bond protects one party from default on an obligation by another party. If you collect sales for the department of taxation, you are obligated to deposit the money you collect on schedule according to the agreement you have with the government. The government doesn’t like to be kept waiting though, and that’s why is requires you to take out a surety bond to cover the department of taxation in case you default. The surety has the resources to do that job, and will do so as part of the service it performs for you. This service amounts to a short term loan for each valid claim, a short term loan that the defaulting company must pay back. Pro Surety Bond has over 25 years of combined industry experience. Call even if you think it’s unlikely you will be able to get an affordably priced surety bond with poor credit. Call 800-314-7003!
If you are bidding on public projects for the City of Southgate 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.
734-25873414400 Dix-Toledo Rd, Southgate, MI 48195
Southgate is a community in Wayne County and it is the 61st most populous in the state of Michigan. Southgate was originally settled by one Pierre Michel Campau. Over time more and more people from the Rouge and Detroit Rivers were attracted to the area, which was originally called Ecorse Township. And that’s the way Southgate stayed for a long time, until after World War II, where, like many places in America, it experienced to spread of suburbia. The origin of the community’s name is not clear. One is that is serves as the “South Gate” of the Metro Detroit area.
How does surety bond underwriting work? The first concept that you need to know is that surety bonds are not insurance, well, not exactly the same thing as insurance. They are part of the insurance industry to the extent that they are regulated by the insurance commissioner in each state, and they are both types of risk management, but that’s where the similarities end. Insurance covers those things which happen to us accidentally, even if we are the cause of them. No one intentionally causes an automobile accident, but even if you are responsible it is an accident. Call the Southgate Surety Bond Pros Today at 800-314-7003!
Underwriting for surety bonds is different because surety bond claims are not caused by accidents. A surety bond consists of three interlocking agreements with the surety providing a guarantee on the part of one party to cover the work of the other party. When an underwriter accepts an application for a contract bond for example, they do not try to figure out what the odds of you defaulting on your agreement will be. That is how they would do it if you were buying insurance.
Rather, the surety underwriter will determine how good your credit is, because you will have to pay the surety back for the claim, if one is paid. Why? Because insurance companies won’t cover default on obligations, for fear of moral hazard, which is the tendency to willfully do risky things when you know you won’t have to pay for the consequences. The entire insurance industry is fraught with fear of moral hazard, and covering default on obligations, which are in principal avoidable, would probably bankrupt the insurance industry. Give us a call at 800-314-7003.
20904 Northline Rd, Taylor, MI 48180Phone: (734) 284-6000
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.
|Southgate Guardianship Bond||Southgate Bid Bond|
|Southgate Sales Tax Bond||Southgate Travel Agency Bond|
|Southgate Sheriffs Indemnity Bond||Southgate Pawnbroker Bond|
|Southgate Insurance Broker Bond||Southgate Talent Agency Bond|
|Southgate Utility Bond||Southgate Auto Dealer Bond|
|Southgate Mortgage Broker Bond||Southgate Release of Lien Bond|
|Southgate Emissions Station Bond||Southgate Race & Sports Book Bond|
|Southgate Telemarketer Bond||Southgate Performance Bond|
|Southgate Collection Agency Bond||Southgate Payment Bond|
|Southgate Janitorial Service Bond||Southgate Lost Title Bond|
|Southgate Pharmacy Wholesaler Bond||Southgate Appraisal Company Bond|
|Southgate Subdivision Bond||Southgate Used Car Dealer Bond|
|Southgate Honesty Bond||Southgate Contractor’s License Bond|
|Southgate Warranty Bond||Southgate Home Health Care Bond|
|Southgate Third Party Administrator Bond||Southgate Notary Bond|
|Southgate Mortgage Lender Bond||Southgate Business Service Bond|
|Southgate Title Agency Bond||Southgate Lost Instrument Bond|
|Southgate Health Club Bond||Southgate Credit Repair Bonds|
|Southgate Appeal Bond||Southgate Wage and Welfare Bond|
|Southgate Auctioneer Bond||Southgate Employee Theft Bond|
|Southgate Cost Bond||Southgate Replevin Bond|
|Southgate Process Server Bond||Southgate Off Site Improvement Bond|
|Southgate Lottery Bond||Southgate Garage Bond|
|Southgate DMV Driving School Bond||Southgate ERISA Bond|
|Southgate Public Official Bond||Southgate Medicaid Provider Bond|
|Southgate DMEPOS (Medicare) Bond||Southgate Injunction Bond|
|Southgate Lost Deed Bond||Southgate Supersedeas Bond|
|Southgate Fidelity Bond||Southgate Freight Broker Bond - BMC-84|
|Southgate Non Resident Cost Bond||Southgate Supply Bond|
|Southgate Promoter Bond||Southgate Executor Bond|
|Southgate Labor Bond||Southgate Material Bond|
|Southgate Credit Services Organization Bond|