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Video: What is a Bid Bond?

 What is a Bid Bond? Welcome to part 1 of our 2 part educational series on Bid Bonds. Bid bonds are not an insurance policy, they are a written guaranty from a third party guarantor like a surety company or insurer. A guaranty is submitted to a project owner by a contractor for a work they are bidding on. Watch the video to learn more. Questions? Contact our bond specialist Tom at 312-878-2372 or email him at tom@farmerbrown.com Free Quote (Application Form) Fill out my online form. Fill out my Wufoo form! Watch Part 2 – Bonds and the importance of Credit Score Download...

Video: Bonds and the Importance of Credit Score

 What can I do if my credit score is below 700? Welcome to part 2 of our 2 part educational series on Bid Bonds. In situations where the personal credit is not very good, a credit report should be obtained particularly when obtaining a bid bond. This report should be reviewed carefully for any errors. Any errors can be disputed on-line with all the major credit bureaus. Another easy way to raise your credit score is by reducing your credit balances, but be careful not to close any accounts because this actually may have a negative effect on your credit. Questions? Contact our bond specialist Tom at 312-878-2372 or email him at tom@farmerbrown.com Free Quote (Application Form) Fill out my online form. Fill out my Wufoo form! Watch Part 1 – What is a Bid Bond? Download...

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