Remember to call Pro Surety Bond before you buy any 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 high time you called 800-314-7003 for your next surety bond quote. Our agents are here to answer your questions. Call the Waco Surety Bond Pros at 800-314-7003!
Call 800-314-7003! What is a surety bond? A surety bond has nothing to do with bonds as in stocks and bonds. Rather, it is a way of guaranteeing an obligation you have made. With businesses that sell tangible items, a guarantee is a simple matter and usually the reputation of the business or manufacturer will be enough to back the guarantee. If you are trying to get a business license however, you are probably in an industry that has regulations. Few people have the reputation to use their word of honor in such an instance, so regulators require that you purchase a surety bond from a surety bond provider, who will be the party that actually backs the guarantee. In turn, the surety will offer you a temporary loan to cover you in the unlikely case of a default. Pro Surety Bond has over 25 years of combined experience, searching high and low for the most affordable rates for its clients, including those whose credit has seen better days. Call 800-314-7003!
If you are bidding on public projects for the City of Waco 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.
Waco is a city in McLennan County in the state of Texas, and it is the 22nd most populous city in that state. The area that is Waco has been occupied by indigenous people since time immemorial, namely by the Wichita tribe, who were called the Huacos by the Spaniards. The town was platted by a former Texas Ranger named George Erath who designed the first city block and sold out the rest. The original residents wanted to name the city Lamartine, but Erath convinced them to name it Waco Village in honor of the Native Americans who had lived there. Today Waco is a vibrant city of entertainment, restaurants and recreation the likes of which the Huaco would never have imagined.
Waco officials are earnest when they say that they want to encourage economic expansion in their city. In conjunction with Baylor University, Texas State Technical College and McLennan Community College, the city promotes its unique location along I-35 to make it appealing to companies seeking to set up a distribution center or a manufacturing facility. It also has beautiful natural assets that make it attractive to those companies, like Lake Waco and Cameron Park which a 400+ acre public space used by many of the citizens for recreation and relaxation. Call the Waco Surety Bond Pros Today at 800-314-7003!
What kinds of things does a surety look at when someone applies for a performance bond? Things underwriters look for is the amount of experience you have in your industry, the more the better. Then they look at who the key personnel are, their length of time at your company, and whether you have a backup plan if any of them were to leave suddenly (leave the company, become ill or perhaps die). Underwriters also look at your financial situation, namely how much credit you have, your relationship with your bank, etc. In other words, they look at all the things that make a company a financially healthy company.
What is the difference between insurance and surety bonds? Both are insurance, and are regulated like insurance, but premiums are calculated differently, and they fulfill a different purpose. Insurance premiums are calculated according a law of averages, with the expectation that someone will have to be indemnified, and the premiums calculated according to the desired profit. On the other hand, the surety bond is there to provide an inexpensive way of covering someone else for something that is unlikely to ever happen, but for which that other party else still needs coverage. So premiums are calculated according to how financially stable a company or individual is, and in the unlikely event of a default, a short term loan will be advanced to provide the coverage necessary. Give us a call at 800-314-7003
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.
|Waco Fidelity Bond||Waco Wage and Welfare Bond|
|Waco Warranty Bond||Waco Bid Bond|
|Waco Injunction Bond||Waco Medicaid Provider Bond|
|Waco Collection Agency Bond||Waco Mortgage Broker Bond|
|Waco Used Car Dealer Bond||Waco Insurance Broker Bond|
|Waco Supply Bond||Waco Contractor’s License Bond|
|Waco Auto Dealer Bond||Waco Payment Bond|
|Waco Employee Theft Bond||Waco Mortgage Lender Bond|
|Waco Replevin Bond||Waco Lottery Bond|
|Waco Public Official Bond||Waco DMV Driving School Bond|
|Waco Utility Bond||Waco Guardianship Bond|
|Waco Janitorial Service Bond||Waco Supersedeas Bond|
|Waco Sales Tax Bond||Waco Subdivision Bond|
|Waco Off Site Improvement Bond||Waco Credit Repair Bonds|
|Waco Home Health Care Bond||Waco Non Resident Cost Bond|
|Waco Executor Bond||Waco Telemarketer Bond|
|Waco Lost Title Bond||Waco Sheriffs Indemnity Bond|
|Waco Performance Bond||Waco Credit Services Organization Bond|
|Waco Garage Bond||Waco Lost Deed Bond|
|Waco Health Club Bond||Waco Auctioneer Bond|
|Waco Business Service Bond||Waco Material Bond|
|Waco Emissions Station Bond||Waco Race & Sports Book Bond|
|Waco Pharmacy Wholesaler Bond||Waco Notary Bond|
|Waco ERISA Bond||Waco Appraisal Company Bond|
|Waco Promoter Bond||Waco Pawnbroker Bond|
|Waco Talent Agency Bond||Waco Travel Agency Bond|
|Waco Labor Bond||Waco Freight Broker Bond - BMC-84|
|Waco DMEPOS (Medicare) Bond||Waco Lost Instrument Bond|
|Waco Release of Lien Bond||Waco Process Server Bond|
|Waco Appeal Bond||Waco Cost Bond|
|Waco Title Agency Bond||Waco Honesty Bond|
|Waco Third Party Administrator Bond|