Reach out to the professional surety bond staff 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.Don't hesitate to call us at800-314-7003so we can put our training to work.Because remember: knowledge is power.Call the Miami Gardens Surety Bond Pros at800-314-7003!
Miami Gardens Surety Bonds And Your Business
Call800-314-7003!Why do I need a surety bond? You need a surety bond to conduct some forms of business that need a guarantee that you don’t have the financial resources to furnish. If you need a business license, you are promising the government that you will obey the regulations of your industry, but no small business has to financial strength to back up that commitment. Surety companies do have that strength. They have it because in order for them to do business, they have to demonstrate that THEY have the financial strength to back up other parties commitments as a third party. So when you buy a surety bond, you are in a sense renting the surety’s financial reputation to cover any potential claims made against the bond. Pro Surety Bond has over 25 years of combined industry experience, and experience is what you are looking for. Call us even if you think you can’t afford bonding. We have all sorts of programs. We have something for almost everyone.Call800-314-7003!
Bidding Opportunities in Miami Gardens
If you are bidding on public projects for the City of Miami Gardens 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.
Miami Gardens is a city in Miami-Dade County and it is the 16th most populous city in the state of Florida. Today Miami Gardens is a principal city in the Miami metropolitan area. The city was named, rather mundanely, for Miami Gardens Road, which runs through the area. Miami Gardens did not really begin to grow until the late 1960s when Interstate 95 passed through the area. After that upper income African Americans and west Indians migrated from Miami neighborhoods like Liberty City.
The City of Miami Gardens has a Comprehensive economic development strategy to engender a robust and diversified economy that will draw businesses that want to relocate, and allow current businesses to expand, grow and prosper. The ultimate goal is to allow residents to enjoy more economic prosperity and improve their economic well being. This will involve improving the city’s image, creating programs that will retain businesses, promoting the city’s brand through marketing and outreach, and building partnerships with local and county wide economic development organizations. Call the Miami Gardens Surety Bond Pros Today at800-314-7003!
Who is the principal in a surety bond transaction? The principal is the party that buys the surety bond at the prompting of another party to cover the latter party. Put another way, the principal is a debtor who owes a creditor something. In this case, the debt is some amount of work, or the fulfillment of a promise. If the debt is not paid, then the “creditor” can approach the surety, which is the entity that guarantees that the debt be paid. Of course, the principal must pay the surety back, so it’s useful to think of the principal now as a borrower.
One Of The Best Bond Teams In Miami Gardens Surety Bonds
What is the difference between how losses are handled by surety bonds, as opposed to reqular insurance. When it comes to regular insurance, losses are expected and the premiums are determined based on this assumption. With surety bonds, the applicant is vetted to determine his risk worthiness, and if deemed risk worthy a bond is issued with the assumption that the beneficiary will never make a claim. Of course there are defaults on surety bonds, but since they are not as common, the surety can use its financial resources to cover the claim short term, with the bond purchaser covering the claim afterward.Give us a call at800-314-7003
The Surety Bonds We See Most Commonly in Miami Gardens, FL
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.