Nederland, TX Surety Bonds

Pro Surety Bond can get that surety bond in your hand in no time. 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. Take advantage of what our bond professionals know by calling 800-314-7003 We’re confident we can find a great rate for your surety bond. Call the Nederland Surety Bond Pros at 800-314-7003!

Nederland Surety Bond Requirement Deadlines? Call Pro Surety Bond

Call 800-314-7003! What is a surety bond? A surety bond is a way of establishing your name if you are in a business situation where trust is essential, but conventional business reputation simply won’t work. They are common in business license applications because almost every industry is regulated, but there is no way of getting a business to follow regulations except to fine it. That works, but licensing bodies like to see a surety bond in place because it is a way of guaranteeing that they will get their money if a business tries to get out of paying the fine by going out of business etc. It’s kind of cynical, but that’s how it works. The government asks for the bond from an applicant, and the surety company in turn assures the government that it, the surety will loan the business owner money to cover any potential claim. Pro Surety Bond has over 25 years of combined industry experience because like money and youth, you can’t have too much. Call is even if your credit has seen better days. We have a program for almost everyone. Call 800-314-7003!

Bidding Opportunities in Nederland

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

Click Here for Bidding Opportunities for the City of Nederland

207 N. 12th St.

Nederland, TX 77627

Phone: 409.723.1510

Map to Finance Department

Programmed For Progress

Nederland is a city in Jefferson County, and it is the 141st most populous city in the state of Texas. As one might expect from the name, Nederland was settled by Dutch immigrants on land sold by the Kansas City Southern Railroad, which was financed by Dutch bankers. Today Nederland is a vital part of the Beaumont—Port Arthur metropolitan area, also known as the “Golden Triangle.” It also maintains its Dutch heritage, with street names in both Dutch and English, and a substantial number of its citizens still bear the names of many of the early Dutch settlers.

As part of the Golden Triangle, Nederland benefits from the petroleum refining and petrochemical manufacturing industies, and in an effort to create new infrastructure,  $20 billion has been funneled to the area in recent years. This of course has been an enormous boon for the economy of Nederland and surrounding communities, which have suffered several financially debilitating hurricanes over the past 20 years. Top employers in Nederland include the Nederland Independent School District, with about 620 employees, Phillpott Motors with about 225 employees, and the Mid County Extended Care Hospital with about 138.  Call the Nederland Surety Bond Pros Today at 800-314-7003!

If I need to use collateral for my bond, what things are acceptable and what are not? Collateral is not usually needed to secure a surety bond, but sometimes it is. Acceptable collateral includes cash, because, well, cash; irrevocable letters of credit are also good and preferred because they retain their durability in case of a bankruptcy on the part of the bond purchaser. Unacceptable forms of collateral include certificates of deposit, mostly because their maturity date rarely coincides with the term of the bond. Other forms that are unacceptable include government securities, gold and silver bullion, blue chip stocks and bonds, or anything that has a value that fluctuates wildly.

Get A Same Day Nederland Surety Bond Quote

Why are surety bonds so inexpensive? One of the main things that separates a surety bond from liability insurance is the fact that surety bond premiums are issued only on the assumption that no claim will be made. So what happens if a claim is made? Well, when the bond purchaser is issued the bond, they usually sign a indemnity agreement which removes liability from the surety bond and shifts it to the purchaser. This means that in the unlikely event of a default, the surety makes sure the claim is paid, and then the surety will collect the claim from the purchaser. But since claims are rare, at least compared to liability insurance, and the cost of the claim is passed to the policy holder the premiums can be kept low. 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.