Call Pro Surety Bond today for some of the best bond rates around. 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 a fast and free quote. You will be surprised at how quickly you can get one. Call the Mercer Island Surety Bond Pros at 800-314-7003!
Pro Surety Bond For Your Mercer Island Surety Bond Needs
Call 800-314-7003! What is a surety bond? Trust is difficult to come by in the business world, but it can become much easier to establish trust if you put up some of your money to back up your word. This is what a surety bond is in essence. Let’s say you are a collection agency. Since your business is handling sensitive financial data, many regulations have been created to make sure you take all reasonable care to protect that data. Regulators in turn want a promise from you that you will do so, and they want that guarantee in the form of a surety bond. A surety bond is required by regulators to get you to back up your word with something financial, and the role the surety plays is to make sure the guarantee is backed up. It’s not insurance because you are still liable, but surety bonds are a cheap and easy way to guarantee a commitment you have made. Pro Surety Bond has over 25 years of combined experience in the surety bond industry, working with all credit markets, even those whose credit has seen better days. Call 800-314-7003!
Bidding Opportunities in Mercer Island
If you are bidding on public projects for the City of Mercer Island 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.
Mercer Island was named for the first settlers to the area, the Mercer family of Seattle, who rowed from Seattle to the island to hunt, fish and pick berries. East Seattle was the first town on the island, where one CC Calkins built the Calkins Hotel and resort. The resort was popular with wealthy people but burned down in 1908. Today the city retains a rather elite reputation, rather remote and safe. Public schools are great. Residents that although it’s near Seattle, it’s nothing like that city; in fact it’s another world. It’s a great place to bike, walk the dog and raise kids.
Mercer Island believes that a strong business friendly climate can guide the city into the future, and the city can facilitate this by offering a well-educated population which has technological experience and a good work ethic. Starting a business here is a great idea because Mercer Island has programs that build entrepreneurial opportunities and promoting a healthy and vibrant city that is full of amenities. Programs include assistance for site selection, zoning, on-site training for workforce, connections to industry advocates, and street, sidewalk, and drainage support. Call the Mercer Island Surety Bond Pros Today at 800-314-7003!
How do I choose a surety bond producer? In general you want a company with a good reputation, as with anyone you do business with. Many bonds are run of the mill and you won’t find much difference in them--like a bond for a small business license--but if you are in the construction industry, you will need someone you can work with you over time; in other words, you want a bond producer who is familiar with your industry. It can help to look at their AM Best rating, which the most established bond rating agency in the United States. Ratings range from A++ to F (essentially out of business). There is also an S rating which means suspended.
Call Us For Mercer Island Surety Bond Requirement Coverage
What does a surety bond underwriter do? When you call a surety bond agent, they will have you fill out a bond application, which will then be passed along to the underwriter who will review the application to determine the amount of risk involved in issuing a bond to the applicant. So if, for instance, an applicant has poor credit the underwriter may decline to issue a bond. On the other hand, he might go ahead and take the risk for a higher cost bond with more liquid collateral. Underwriters can be flexible in a great many things, so don't write yourself off if you have poor credit. Give us a call at 800-314-7003
The Surety Bonds We See Most Commonly in Mercer Island, 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.