Call Pro Surety Bond now for immediate assistance for your next bond purchase. 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 800-314-7003 for superb surety bond premiums and customer service. You’ll appreciate why our clients love us. Call the Bothell Surety Bond Pros at 800-314-7003!
Call Now For Bothell Surety Bond Quotes
Call 800-314-7003! What is a surety bond? A surety bond is a financially backed guarantee that you pay for, but is meant to be paid to someone else, and the guarantee is performed by a third party. Confused? OK. Let’s say your retail business collects sales tax for the department of taxation. It would be great if you could give them your word and they would trust you when you say that you will make your deposits, but let’s get real. The department needs something a little more substantial. So the government makes you buy a surety bond. The surety bond protects THEM, but you buy it for them in a manner of speaking; and if the guarantee needs to be enacted, it is the surety that does it. Pro Surety Bond has over 25 years of combined experience, and we are confident we can work with you, even if your credit isn’t great. Call 800-314-7003!
Bidding Opportunities in Bothell
If you are bidding on public projects for the City of Bothell 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.
Bothell, Washington is a city in King County, and along with Bellevue, Kenmore, Kirkland, Redmond and Woodinville, all of them make up what is known as the Eastside. Bothell got its start in 1870 when two settlers, Columbus Greenleaf and George Wilson filed land claims near the spot where present day Bothell is located. Soon more families came, a commercial logging industry took hold, and the city continued to expand. Bothell is a part of the Seattle metropolitan area. Today Bothell is a vibrant city with distilleries, wine tasting, and shopping. In recent years a downtown revitalization plan has been slowly making that area all the more interesting, beautiful and fun.
Bothell offers many opportunities for businesses large and small. It has a downtown revitalization project under way called the Crossroads Project, and it brings together a couple of other transportation projects designed to create a unified downtown area that recaptures some of the historic charm of the city. A new grid of downtown blocks has been set up, and it is hoped that the heavy congestion that used to hinder movement will now be eliminated. Bothell is also proud of its highly educated workforce, which it hopes will pull in some high tech firms to the city. Call the Bothell Surety Bond Pros Today at 800-314-7003!
What is the difference between regular insurance and surety bonds? With regular insurance, there are two parties, the party needing the coverage and the insurance company. Surety bonds are a little more unusual. With surety bonds there are three parties, and like insurance, there is the party purchasing the bond, the insurance company which in this case is called a surety, and another party, the obligee, who is the party that wants coverage. The obligee is the one who wants the other party, the principal (probably you if you are reading this), to purchase the bond FOR THEM, i.e., to cover them in case you do not fulfill an obligation, with the surety company making sure the coverage is
Rock Bottom Rates On Bothell Surety Bonds
How does the surety company work for me? Well, let’s be clear about something: just because someone purchases a bond doesn’t mean that the surety works for them. It is the obligee, i.e., the party asking for the bond to be bought who is the chief party in the surety agreement in the sense that they are the one who has needs that need to be satisfied. That said, it’s in the best interests of the surety to not just pay out whenever asked, so it is incumbent on the surety to investigate the matter and determine if a payout is necessary. It’s useful to think of sureties as an advocate for the purchaser in that they will work with you as a liaison. Give us a call at 800-314-7003
The Surety Bonds We See Most Commonly in Bothell, WA
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.