CallPro Surety Bondfor all your surety bond needs. 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’re in good hands when you call800-314-7003.And you can't go wrong if you have the right information in your hands.Call the Glenn Heights Surety Bond Pros at800-314-7003!
Get A Fast And Free Glenn Heights Surety Bond Quote
Call800-314-7003!What is a surety bond? Surety bonds, among other things, allow the public to rest assured that your business is being run in good faith and according to regulations. For example, if you are a citrus dealer, there are regulations in place that dictate the safe handling of those fruits for the protection of the public, and to encourage you to follow them, government regulators have made you buy a surety bond. The surety bond is essentially a guarantee, backed by the financial strength of a financial institution, and it covers the government and by extension the public at large in the event of a claim. Pro Surety Bond has over 25 years of combined industry experience, and we think it’s for a good reason. Call us even if you don’t have good credit. We have something for almost all credit needs.Call800-314-7003!
Bidding Opportunities in Glenn Heights
If you are bidding on public projects for the City of Glenn Heights 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.
Glenn Heights is a city in Dallas and Ellis counties and it is the 201st most populous city in the state of Texas. Glenn Heights is new to the communities, and was not even settled properly until a firefighter in the late 1960s opened a mobile home park on the site. The firefighter, one N L “Moe” Craddock fought for incorporation because he didn’t want his business swallowed up by nearby DeSoto. Today Glenn Heights is a laid back residential community in the Dallas metropolitan area, and one that offers the convenience of that city with the safety and quality of life that one expects from smaller communities.
Glenn Heights has positioned itself as a residential community and had focused on that sector as the centerpiece of community development. At the 1970 census the city had 257 residents, a figure which increased to 1033 by the 1980 census, and grew to over four times that in 1990. Most of the growth has been part of the suburban sprawl that hit the largest Texas cities beginning in the 1980s, with Glenn Heights right in the path of the action. It’s interesting to note that even today over half of the city land is undeveloped, which means lots of room for growth! Call the Glenn Heights Surety Bond Pros Today at800-314-7003!
What does the surety company do in the bond transaction? With respect to the construction industry, it is the surety’s job to come to a conclusion about the overall character of the contractor’s management and financial stability of the company. They do so by investigating the amount of credit and cash reserves the company has on hand, the financial security of the company’s top management and the history of claims among other things. If the company is judged to be reliable, the surety will vouch for it and promise to pay any valid claims made against the bond.
Glenn Heights Surety Bonds Spell “Trust” for Your Clients
How are surety bond premiums calculated, as opposed to liability insurance? Surety bonds are calculated according to a set percentage of the amount of coverage, with the specific percentage influenced by the risk worthiness of the applicant among other factors. Liability insurance on the other hand is calculated by complex actuarial formulae which determine an aggregate amount damages expected, and those damages are then paid out by pooling all the premiums in order to distribute the risk among all policy holders. The key difference is: surety bond purchasers always remain responsible for the “damages” they create. They purchase the surety bond to guarantee that valid claims will be paid, with the surety being reimbursed by the bond purchaser.Give us a call at800-314-7003
The Surety Bonds We See Most Commonly in Glenn Heights, TX
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.