Find some of the best premiums on surety bonds atPro 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.Call800-314-7003To speak to the bona fide professional representatives on surety bonds.Our representatives are ready, will, and able to provide you with any information you need.Call the Deerfield Beach Surety Bond Pros at800-314-7003!
Deerfield Beach Surety Bond Quotes on the Same Business Day
Call800-314-7003!What are surety bonds for? Surety bonds might make more sense if they were called “security bonds.” Can you maybe guess what they are for? Surety bonds provide security for the party requesting it, whether it be a governmental licensing board or a construction project owner. Those parties need protection from you in case you default on an agreement you have made with them. Using the two examples above, the former agreement would be to obey the regulations of your industry, and the latter would be to perform some subcontracting job on time and according to standard. The surety company in these cases acts as an agent to guarantee those commitments, using its own financial security since its unlikely that you have such security (if you did they wouldn’t need to ask you for a bond). Pro Surety Bond has over 25 years of combined industry experience, providing great rates to all our clients. Call today even if you thinking you can’t be bonded. We have a program for almost everyone.Call800-314-7003!
Bidding Opportunities in Deerfield Beach
If you are bidding on public projects for the City of Deerfield Beach 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.
Deerfield Beach is a city in Broward county and it is the 30th most populous city in the State of Florida. Deerfield Beach got its start as Hillsborough, after the Hillsboro River on which it lies. By the time it got a post office in 1898 people were calling it Deerfield, for the deer oft beheld by the settlers. Deerfield remained agricultural until the 1940s, but the name was changed in 1939 to Deerfield Beach to let tourists know that Deerfield was indeed on a beach. Today Deefield Beach is a major player in the Miami metropolitan area.
Deerfield Beach is a forward looking community, and one that invests in its public appearance, too. One of its highlights is the Sullivan Park Public Art project, which incorporates public art into the overall development of the city, enhancing its image and creating a way of life that is unique and desirable. Backers of the project hope that it will create a sense of community through collective understanding and interpretation of the works. Works include public murals, decorative stairways, and mosaics. Call the Deerfield Beach Surety Bond Pros Today at800-314-7003!
What is the principal in a surety bond transaction? As mentioned above, the surety bond acts like a security deposit; but depending where you are in the transaction, it can look like other things. For instance, for the party buying the bond, aka the principal, the surety bond looks like a form of credit, albeit short term credit. This is one of the principal reasons that the surety emphasizes good credit as a condition of receiving a bond. If they might be loaning you money, they want to hedge their bets to make sure they can recoup their paid claim.
Pro Surety Bond Is Your Direct Source For Deerfield Beach Surety Bonds
I have never been bonded before buy my industry now has to post a bond. How do I go about this? This happens occasionally, and it can be very confusing to the recipient, mostly because almost no one who has never bought a surety bond has even heard of them. If you find yourself in a situation in which you need a surety bond for the first time, don’t panic. You will need to produce documentation that you can pay back a claim in the unlikely event that you need to do so, and that could include providing a letter of credit from a bank, using the company’s own personal financial statement to vouch for the company, and in some cases you might need to bolster your financial statement here and there to qualify.Give us a call at800-314-7003
The Surety Bonds We See Most Commonly in Deerfield Beach, FL Surety Bonds
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.