Don't call anyone until you call Pro Surety Bond for your surety bond quote. 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. You'll find the most affordable surety bond rates when you call 800-314-7003 . They are highly trained and highly regarded in the industry. Call the West Falls Church Surety Bond Pros at 800-314-7003!
Call 800-314-7003! What is a surety bond? A surety bond financially binds one party to a commitment with another, and it serves as a guarantee that the commitment will be fulfilled. If you run a race or sports bookie business, you must promise the government that you will render the taxes collected from the gaming take to them according to agreement. The government wants a guarantee from you however, and that’s where the surety company comes in. Sureties know most businesses don’t want to put up a lot of their own money for these types of guarantees, and they can offer to accept responsibility for fulfilling your contract with the government with the stipulation that any claim paid will be considered a short term loan to the defaulting company, which must pay the surety back. Pro Surety Bond has over 25 years of combined industry experience. Call even if you are not sure you can be bonded with a poor credit history. Call 800-314-7003!
If you are bidding on public projects for the City of West Falls Church 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.
12000 Government Center Parkway, Fairfax, VA 22035
Phone: (703) 324-3201
West Falls Church is a census-designated place in Fairfax County, and it is the 34th most populous in the Commonwealth of Virginia. West Falls Church started out as Jefferson, and remained that way until 2010. West Falls Church does not actually lie to the immediate west of Falls Church, and by local convention, West Falls Church usually refers to the area around Washington metro station West Falls Church station, which is several miles away in Idylwood. Today West Falls Church is largely made up of subdivisions built in the 1940s.
Instead of buying a surety bond, can’t I just put up a security deposit? Sure you could, but would it make any sense? When people don’t use a surety bond, they often use a letter of credit. Although letters of credit are executed by banks, there is no credit involved: it’s the equivalent of a security deposit since your liquid assets back up the LoC. So far so good, except that drain on your assets is going to make your credit rating drop, so now you have the problem of coming up with more cash. With surety bonds, the surety does a check on your finances, and when it issues you a bond, it accepts provisional liability for any valid claims. This means that while you still have to pay the surety back for a paid claim, it will not hurt your credit. Call the West Falls Church Surety Bond Pros Today at 800-314-7003!
If I still have to pay the claim, what am I hiring the surety company for? It is perhaps unfortunate that surety bonds are part of the insurance industry, because they differ from insurance in many important ways. One of these ways deals with claims and who is liable for it. Put simply, when a claim is made against the bond, the surety is liable for it and pays it if it’s valid. But it is a secondary liability. This means that the surety only has to pay the obligee, which doesn’t make them liable for the bond. The principal, the party that bought the bond, in a sense rented the financial strength of the surety to put it’s muscle behind the coverage you were required to offer (because you presumably don’t have that kind of muscle).
Instead of thinking of surety bonds as insurance, it might be more useful to think of them as a form of short term credit. When the surety does a credit check or other financial checking, it’s making sure you are solvent enough to pay a claim if it’s valid. The surety has to do this because it is not in most cases requiring you to put up your assets as collateral. It is accepting conditional liability for you, which is the equivalent of loaning you the money for the claim. You are only paying back the loan. Give us a call at 800-314-7003
417 W Broad St, Falls Church, VA 22046Phone: (703) 532-1050
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.
|West Falls Church Off Site Improvement Bond||West Falls Church DMEPOS (Medicare) Bond|
|West Falls Church Credit Repair Bonds||West Falls Church Insurance Broker Bond|
|West Falls Church Sheriffs Indemnity Bond||West Falls Church Lost Instrument Bond|
|West Falls Church Appraisal Company Bond||West Falls Church Performance Bond|
|West Falls Church Notary Bond||West Falls Church Business Service Bond|
|West Falls Church Health Club Bond||West Falls Church Third Party Administrator Bond|
|West Falls Church Promoter Bond||West Falls Church Lost Title Bond|
|West Falls Church Non Resident Cost Bond||West Falls Church Medicaid Provider Bond|
|West Falls Church Payment Bond||West Falls Church Warranty Bond|
|West Falls Church Mortgage Lender Bond||West Falls Church Cost Bond|
|West Falls Church DMV Driving School Bond||West Falls Church Public Official Bond|
|West Falls Church Process Server Bond||West Falls Church Pharmacy Wholesaler Bond|
|West Falls Church Material Bond||West Falls Church Sales Tax Bond|
|West Falls Church Auto Dealer Bond||West Falls Church Release of Lien Bond|
|West Falls Church ERISA Bond||West Falls Church Appeal Bond|
|West Falls Church Auctioneer Bond||West Falls Church Title Agency Bond|
|West Falls Church Telemarketer Bond||West Falls Church Janitorial Service Bond|
|West Falls Church Injunction Bond||West Falls Church Lottery Bond|
|West Falls Church Employee Theft Bond||West Falls Church Collection Agency Bond|
|West Falls Church Garage Bond||West Falls Church Replevin Bond|
|West Falls Church Emissions Station Bond||West Falls Church Guardianship Bond|
|West Falls Church Race & Sports Book Bond||West Falls Church Pawnbroker Bond|
|West Falls Church Lost Deed Bond||West Falls Church Executor Bond|
|West Falls Church Used Car Dealer Bond||West Falls Church Subdivision Bond|
|West Falls Church Utility Bond||West Falls Church Supply Bond|
|West Falls Church Home Health Care Bond||West Falls Church Freight Broker Bond - BMC-84|
|West Falls Church Labor Bond||West Falls Church Talent Agency Bond|
|West Falls Church Supersedeas Bond||West Falls Church Travel Agency Bond|
|West Falls Church Mortgage Broker Bond||West Falls Church Honesty Bond|
|West Falls Church Credit Services Organization Bond||West Falls Church Fidelity Bond|
|West Falls Church Bid Bond||West Falls Church Contractor’s License Bond|
|West Falls Church Wage and Welfare Bond|