Now is the time to call Pro 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. It's as simple as going over to the phone and calling 800-314-7003 . They can set you straight. Call the Sterling Surety Bond Pros at 800-314-7003!
Call 800-314-7003! What is a surety bond? A surety bond financially secures an obligation one party has made to another. If you own a retail business and collect sales tax for the department of revenue, the department wants you to secure your obligation. You could put up your own money, but that will cut into your assets. You could alternatively purchase a surety bond and have the surety promise to pay any valid claim, in place of you putting up a security. The department of revenue will trust the surety because they have their own financial strength and sureties never go bankrupt. Pro Surety Bond has over 25 years of combined industry experience. Call even if you aren’t sure you can get a bond cheaply with poor credit. Call 800-314-7003!
If you are bidding on public projects for the City of Sterling 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.
1 Harrison St. SE Leesburg, VA 20177-7000
Sterling is a census-designated place in Loudoun County and it is the 35th most populous city in the Commonwealth of Virginia. Sterling started out as large 1700 acre farms, but in 1959 the extension of water and sewage lines to the Dulles International Airport opened the area up to what would become Sterling as we know it. It is home to a large number of businesses, and has a fair number of branch offices of large corporations. Sterling is a part of the Baltimore—Washington metropolitan area.
Who exactly is responsible for the indemnity of my bond? If someone makes a claim against your bond, it is the surety’s responsibility to pay the claim. If surety bonds were like insurance, the surety would be the legal equivalent of you, and have to pay the claim instead of you. With surety bonds, however, it’s helpful to think of the surety as “pretending” to be you, to take the blows for you, you might say. This state of affairs is temporary, because when you sign a surety bond agreement, you also agree to not make the surety liable for the indemnity, like would be the case with insurance. You wouldn’t have insurance for a matter like this because surety bonds guarantee agreements if default on the agreement is a possibility, and default is preventable in principal. Insuring someone for something that is preventable would make the surety go broke quickly. Call the Sterling Surety Bond Pros Today at 800-314-7003!
Do I have to verify my bond? You don’t absolutely have to, but it’s not a bad idea. First contact your state insurance commissioner to verify that your surety producer is allowed to sell bonds in your jurisdiction. If you have bought a bond for a federal building project, the next step is the consult the US Department of Treasury Listing of Approved Sureties, Department Circular 570. A company needs a certificate of authority from the US treasury before it can sell bonds for federal construction contracts.
What will happen if a claim is made against my bond? The first step will be for the surety to begin the investigation into whether the claim is valid. With large amounts of coverage, however, it’s not unheard of for the surety to step in and negotiate a solution to a problem before it escalates to claim level. The dilemma is that by the time one party makes a claim, they are usually too alienated from each other to come to an equitable solution. That said if a claim does have to be paid the surety will consult with the principal and see if he is capable of paying. If he is not the surety will pay the claim. Give us a call at 800-314-7003
19301 Winmeade Dr #210, Leesburg, VA 20176Phone: (703) 777-2176
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.
|Sterling Mortgage Lender Bond||Sterling Lost Instrument Bond|
|Sterling Release of Lien Bond||Sterling Supply Bond|
|Sterling Labor Bond||Sterling Executor Bond|
|Sterling Appraisal Company Bond||Sterling Fidelity Bond|
|Sterling Mortgage Broker Bond||Sterling Telemarketer Bond|
|Sterling Injunction Bond||Sterling Lottery Bond|
|Sterling Contractor’s License Bond||Sterling Subdivision Bond|
|Sterling Utility Bond||Sterling Business Service Bond|
|Sterling Credit Services Organization Bond||Sterling Employee Theft Bond|
|Sterling Insurance Broker Bond||Sterling DMEPOS (Medicare) Bond|
|Sterling Health Club Bond||Sterling Lost Title Bond|
|Sterling Pharmacy Wholesaler Bond||Sterling Guardianship Bond|
|Sterling Honesty Bond||Sterling Lost Deed Bond|
|Sterling Emissions Station Bond||Sterling Race & Sports Book Bond|
|Sterling ERISA Bond||Sterling Notary Bond|
|Sterling Talent Agency Bond||Sterling Medicaid Provider Bond|
|Sterling Home Health Care Bond||Sterling Warranty Bond|
|Sterling Payment Bond||Sterling Garage Bond|
|Sterling Title Agency Bond||Sterling Promoter Bond|
|Sterling Cost Bond||Sterling Supersedeas Bond|
|Sterling Appeal Bond||Sterling Sales Tax Bond|
|Sterling Performance Bond||Sterling Travel Agency Bond|
|Sterling Freight Broker Bond - BMC-84||Sterling Replevin Bond|
|Sterling Auto Dealer Bond||Sterling Process Server Bond|
|Sterling Sheriffs Indemnity Bond||Sterling Credit Repair Bonds|
|Sterling Bid Bond||Sterling Material Bond|
|Sterling Wage and Welfare Bond||Sterling Auctioneer Bond|
|Sterling Collection Agency Bond||Sterling Public Official Bond|
|Sterling DMV Driving School Bond||Sterling Janitorial Service Bond|
|Sterling Non Resident Cost Bond||Sterling Third Party Administrator Bond|
|Sterling Used Car Dealer Bond||Sterling Pawnbroker Bond|
|Sterling Off Site Improvement Bond|