Don’t forget to call Pro Surety Bond for a fast and free quote. 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 and speak with a dedicated agent immediately. It’ll feel so much better after you get your surety bond. Call the Waimalu Surety Bond Pros at 800-314-7003!
Get A Same Day Waimalu Surety Bond Quote
Call 800-314-7003! What exactly is a surety bond? This is easily the most pressing question we get from callers, so maybe we’ll take a few minutes to explain them. A surety bond is a three way agreement between a party that is charged with some task, also called the Principal, a party that is ordering the task, also known as the Obligee, and the surety bond company. Let’s say you own a health club. There are regulations that govern health clubs related to safety and other things, and if you do not adhere to the regulations you can be fined. Regulators, as the Obligee, will require health club owners to be bonded in order to have a way of reliably collecting penalties in case the owner tries to finagle out of paying. The obligee simply makes a claim and the surety investigates the matter. If it decides the claim is valid, it will pay the claim and come to the principal for reimbursement. Pro Surety Bond has over 25 years of combined industry experience, finding competitive rates for it clients, whether good credit or bad. Call 800-314-7003!
Bidding Opportunities in Waimalu
If you are bidding on public projects for the City of Waimalu 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.
Waimalu, Hawaii, population 14,000, is a community in Honolulu County. Waimalu is one of those places off the beaten path that locals hope will stay that way. Waimalu has a certain advantage of many places on the island in that offers many amenities that other places do not. For instance, it has great public transportation, shopping, several libraries in the area, and lots of food and drink. On top of that, the cost of living is relatively low, at least compared to the rest of the island. It’s not particularly low in comparison with the continental US but it’s Hawaii for the love of Mike! Compare it to Mililani or New York or San Francicso and you’ll get the picture.
Economic development is on the upswing in Waimalu, and the island’s economic development center is aiming to keep that on track. One of the organization’s main goals is help residents with training and employment, particularly for those from low-income areas. Other avenues of development include training for entrepreneurial undertakings, with emphasis on business planning, marketing, tax planning and operations management. In some cases, one on one training is available, based on a comprehensive assessment. Call the Waimalu Surety Bond Pros Today at 800-314-7003!
How can I increase my bond capacity? If you are in an industry in which surety bonds play a large role, you may find yourself unable to get a bond. This is not uncommon in the construction business, in which bonding is indispensable. As a contractor the survival of your business relies on your ability to get bonding, and sometimes if you have too many projects on the table, you may find that you cannot get a bond because the surety believes that you are stretching yourself too thin. The best way to get the most bond capacity is contact your bank to make sure that you have the funds to repay a claim, offer audit results that indicate that your company is strong, and meet up with the underwriter personally.
Your One Stop Waimalu Surety Bond Stop
Who can file a claim against my surety bond? This is a big question, because it will depend on what kind of bond you have. If you have a contractor bond, the project owner will be the one the make the claim. In the case of an auto dealer, the consumer, the auto wholesaler, creditors, or a lender. The process is similarly varied. However, they all have certain things in common, like offering status updates and being able to provide information related to the claim. Sometimes if the claim is complicate, an industry claims expert will be needed to clarify. Give us a call at 800-314-7003
The Surety Bonds We See Most Commonly in Waimalu, HI
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.