East Wenatchee, WA Surety Bonds

There’s no reason to choose anyone else but 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. When you think you don't know enough about surety bonds call 800-314-7003. Our representatives love questions. Call the East Wenatchee Surety Bond Pros at 800-314-7003!

Get The Among Best Results On East Wenatchee Surety Bond Premiums

Call 800-314-7003! What is a surety bond? Despite the unfortunate name, surety bonds have nothing to do with bonds as you probably know them. Surety bonds are better understood as a short term loan that a surety producer fronts for you in the event you don’t fulfill an obligation you have committed to. The way it works is: the government licensing body for you industry wants to give you an incentive to maintain the promise you have made to observe the regulations of that industry. You then purchase a bond from a bond producer, who is the party that actually fulfills the obligation, though you remain liable for the amount. Pro Surety Bond has over 25 years of combined experience, beating the bushes, dragging out the most affordable rates for all our clients, good credit, bad credit, or otherwise. Call 800-314-7003!

Bidding Opportunities in East Wenatchee

If you are bidding on public projects for the City of East Wenatchee 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.

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East Wenatchee Finance Department

271 9th Street
East Wenatchee, WA 98155
Phone: 206-368-5440
Map to Finance Department

The Mountain Gateway

East Wenatchee, Washington is a city in Douglas County along the northern banks of the Columbia River. At the turn of the 20th century the region around East Wenatchee was deeply developed agriculture thanks to the major irrigation projects that brought the shrub-steppe climate to life, with fruit orchards being the most salient. When one of those orchards was being dug in 1987, workers discovered a cache of 11000 year old Clovis points, which are fluted spear points associated with North American Clovis culture. Since then things have grown a bit, with the population of East Wenatchee has more than doubled in the past 15 years

East Wenatchee is not large, but it has considerable plans for its economic future. The city has traditionally been reliant on agriculture as the mainstay of the economy, but officials realize that in order to have the most robust economy possible, diversification is necessary. A few recent innovations include the addition of 80 more workers in ALCOA’s aluminum plant, an expansion on the Wenatchee Valley Medical Center amounting to $109 million and includes a new emergency center, and several new datacenters for Yahoo and the Sabey Corporation thanks to the community’s commitment to fiber optic connectivity. Call the East Wenatchee Surety Bond Pros Today at 800-314-7003!

What is the difference between surety bonds and insurance? Well they are both insurance legally and both are regulated by the insurance commissioner in your state, but there are some key differences. A major difference is that the surety bond “insures” someone else, with the risk being put on the surety, and that’s why they are a three way agreement. The bond requester wants protection from the bond purchaser, and might like to trust him, but in reality he wants a third party to make sure the guarantee is backed up. Voila the surety producer. The surety vets the bond purchaser’s applicant to determine how risky they are for default, but the bar is set pretty high, high enough that payouts are rare. This high bar in effect demonstrates to the requester that the purchaser is reliable.

A East Wenatchee Surety Bond If The Unfortunate Happens

I need a contract bond for a construction project; what do surety underwriters look for in an applicant? All in all underwriters looks for overall stability of your company financially. To demonstrate this it is ideal if you have independent financial verification of your company’s stability, with reviewed and annually audited financial statements. It is also good to arrange some emergency backing from your bank, even if you don’t think you will ever need it, because it shows that you are thinking ahead and prepared for every contingency. They are also looking for overall competence in how the company is run, like how long key personnel have been in place and whether there is a back-up plan if a key officer becomes ill. Give us a call at 800-314-7003

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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.